NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks.

Consequently, the All-Share Index on Monday inched higher by 131.82 points or 0.33 per cent to 40,571.67 from 40,439.85 recorded on Friday.

Accordingly, the month-to-date loss moderated to 4.3 per cent, while the year-to-date gain increased to 0.80 per cent.

Also, the market capitalisation which opened at N21.155 trilliin rose by N69 billion or 0.33 per cent to close at N21.224 trillion.

The gain was driven by price appreciation in large and medium capitalised stocks amongst which are; Seplat, Japaul Gold and Ventures, Mutual Benefits Assurance, AIICO Insurance and Multiverse Mining and Exploration.

Market sentiment, as measured by market breadth, was positive with 31 gainers relative to 13 laggards.

Seplat drove the gainers’ chart in percentage terms, improving by 10 per cent to close at N544.50…

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