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Stock market begins June with N25bn gain

Stock market begins June with N25bn gain

Nigerian Stock Exchange

Trading activities on the floor of the Nigerian Stock Exchange closed on a positive note on the first day of this month following gains recorded by some blue-chip firms.

The NSE All-Share Index appreciated by 0.19 per cent as Japaul Oil & Maritime Services Plc led other gainers at the end of trading on Monday.

The market breadth closed in the green with 28 gainers and 10 losers.

The ASI rose by 48.33 basis points from 25,267.82 on Friday to 25,316.15, while the market capitalisation of equities appreciated by N25bn to close at N13.193tn from N13.168tn.

Japaul Oil & Maritime Services and the Nigerian Aviation Handling Company Plc led the gainers chart as they appreciated by 10 per cent each to close at 22 kobo and N2.75 per share respectively.

Dangote Sugar Plc followed with 9.69 per cent gain to close at N14.15 per share and Cornerstone Insurance Plc rose by 9.09 per cent to close at 60 kobo per share.

Fidson Healthcare Plc led the losers’ chart with a drop of 9.71 per cent to close at N3.07 per share.

Stanbic IBTC Holdings Plc followed with a loss of 9.22 per cent to close at N32.50 per share while AXA Mansard Insurance Plc dropped by 8.87 per cent to close at N1.85 per share.

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