The stock market opens up a bullish with N228 billion earnings

The Nigerian stock market opened the week with a bullish note on Monday, earning N228 billion on Nigerian Exchange Ltd.

Market capitalization has increased by N228 billion or 0.34 percent and closed to N66,693 trillion compared to the Friday figure of N66,465 trillion.

Likewise, the All-Share index (ASI) rose by 363.57 points or 0.34 percent, reaching 106,116.18 from 105,752.61 recorded previously.

The positive trend has been led by a strong interest in the purchase for medium and large capitalization actions including international breweries, Legend Internet Plc, Cadbury Nigeria, Fidson and more.

Despite the trend upwards, the market amplitude has closed positively, with 47 earnings and 16 losers.

International Breweries has guided the chainrs graph, increasing by 10 % to close to N8.47 per share.

Followed by the PLC internet legend, appreciating 9.97 percent to settle at N7.50 per share.

Cadbury Nigeria earned 9.96 percent and ends the day at N29.25, while Fidson increased by 9.95 percent to close at N20.45 per share

Eternal is also advanced by 9.90 percent to close at N43.85 per share.

On the graphic of the losers, the cattle feeds decreased by 10 %, closing at N8.55 per share.

Aradel Holdings decreased by 9.86 percent to finish the session at N448.00 per share.

Triple Gee dropped by 9.60 percent to close at N1.79, while John Holt Plc lost 7.94 percent to close at N5.80 per share.

Lost connection insurance of 6.15 percent and finished the day at N1.22 per action.

A total of 500.59 million shares of the value of N12.110 billion were exchanged in 17,637 transactions.

This is compared with 428.08 million actions on Friday for n20.174 billion, exchanged in 14,284 transactions.

Access Corporation has guided the graphic designer with 60.867 million shares exchanged, which was worth n1.45 billion.

Fidelity Bank followed 56.105 million shares of the value of N1.13 billion, while the United Bank for Africa sold 34.53 million shares for a value of 1.174 billion.

The Holding Compliance Company of Guarantee carried out about 33.49 million shares of the value of N2,181 billion and Nigerian breweries exchanged 28.336 million shares, equal to N1.15 billion.