5 companies lead as Nigeria's stock market records highest daily gain

• The Nigerian banal marketplace connected Monday recorded a mediocre show arsenic investors mislaid N297 billion
• Data showed that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) surged by 1.63% from the erstwhile day
• Fidelity Bank Plc, Legendary Investments Plc, Zenith Bank Plc, Zenith Bank and the Guaranty Trust Holding Company Plc were mostly traded stocks

Legit.ng writer Dave Ibemere has implicit a decennary of acquisition successful business journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Nigeria’s equities marketplace improved further connected Thursday, marking the 4th consecutive time of gains during the week.

The bully show was fueled by capitalist sentiment and important buying involvement successful cardinal stocks, including MTNN, Oando, and NGX Group.

Nigeria's banal marketplace improves for 4th consecutive day Photo credit: d3sign
Source: Getty Images

At the adjacent of trading, the marketplace recorded summation of astir N1.16 trillion successful marketplace capitalisation, marking its highest regular rally this week.

While Year-to-date, the marketplace accrued by 11.36%, supported by a 2.57% rise.

The marketplace past week was lone a four-day trading week owed to the nationalist holidays to observe Eid-ul-Adha connected Friday, June 6 and Monday, June 9.

How did the banal marketplace perform?

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) surged by 1.63% from the erstwhile day's debased of 112,781.73 points to settee astatine 114,616.75 points.

Similarly, the Market capitalisation roseate from N71.118 trillion to N72.275 trillion.

In total, investors exchanged 1,461,852,520 shares successful 16,410 deals, valued astatine N33.473 billion.

How banal marketplace execute connected Monday?

Monday’s trading saw 414.57 cardinal shares worthy N10.72 cardinal exchanged successful 16,664 deals. Tantalizers, VFD Group, Access Holdings, Zenith Bank, and AIICO Insurance ranked among the astir actively traded stocks.

Top gainers

• Champion Breweries Plc gained N0.70, rising from N7.00 to N7.70 per stock (+10.00%).
• Nigerian Exchange Group Plc gained N3.60, moving from N36.00 to N39.60 per stock (+10.00%).
• MTN Nigeria Communications Plc roseate by N29.00, climbing from N290.20 to N319.20 per stock (+9.99%).
• Oando Plc gained N5.15, expanding from N51.70 to N56.85 per stock (+9.96%).
• Morison Industries Plc gained N0.29, rising from N2.93 to N3.22 per stock (+9.90%).

Nigeria's banal marketplace improves helping investors marque implicit N1 trillion Photo credit: Nurphoto
Source: Getty Images

Top losers

• Northern Nigeria Flour Mills Plc declined by N13.85, falling from N138.90 to N125.05 per stock (−9.97%).
• ABC Transport Plc mislaid N0.26, decreasing from N2.66 to N2.40 per stock (−9.77%).
• Legendary Investments Plc dropped N0.56, moving from N5.90 to N5.34 per stock (−9.49%).
• Livestock Feeds Plc declined by N0.70, dropping from N8.95 to N8.25 per stock (−7.82%).
• Omatek Ventures Plc mislaid N0.06, decreasing from N0.79 to N0.73 per stock (−7.59%)

Top progressive trades

• Fidelity Bank Plc recorded a turnover of 829.73 cardinal shares valued astatine N15.97 billion.
• Legendary Investments Plc traded 180.30 cardinal shares worthy N1.02 billion.
• Zenith Bank Plc exchanged 62.82 cardinal shares valued astatine N3.13 billion.
• Japaul Gold and Ventures Plc traded 34.84 cardinal shares, amounting to N69.60 million.
• Guaranty Trust Holding Company Plc recorded 30.91 cardinal shares worthy N2.16 billion.

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Source: Legit.ng