NGX: Equities Market Opens Week Strong with ₦611bn Gain

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The Nigerian Exchange (NGX) began the week on a positive note, with investors gaining ₦611 billion in market capitalization.

The All-Share Index (ASI) rose by 0.65% to close at 149,940.81 points, up from 148,977.64 points on Friday. Market capitalization also increased from ₦94.5 trillion to ₦95.1 trillion.

The upturn was driven by price appreciation in Union Dicon Salt, Eunisell Interlinked, and Sovereign Insurance. Market breadth was mixed, with 30 gainers, 33 losers, and 83 unchanged stocks.

Fidelity Bank led trading by volume with 49 million shares, while Geregu Power topped in value with ₦9.2 billion worth of trades.

Analysts say the bullish start reflects renewed investor confidence, though sustaining the momentum will depend on broader economic stability and policy direction.

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