How Nigerian stock market performed on Tuesday as investors make N253 billion

• The Nigerian banal marketplace has recorded different affirmative performance, helping investors turn their investments
• Honeywell Flour Mills, SFS Real Estate Investment Trust, and SCOA Nigeria led the latest movement
• Shares of Fidelity Bank, Legend Internet, UBA, GTCO, and Access Holdings were mostly traded arsenic investors

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

Nigerian investors recorded a summation of N253 cardinal connected Tuesday, June 2, aft the marketplace roseate by 0.36% astatine the adjacent of trading, marking the 2nd affirmative show of the caller month.

The beardown show of the marketplace is owed to investors' continued cherry-picking of worth stocks up of the half-year (H1) portfolio rebalancing.

Stock marketplace investors gained N253 cardinal aft trading activities connected Tuesday Photo credit: Bloomberg/contributor
Source: Facebook

Data showed that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) roseate by 401.24 points, oregon 0.36%, to adjacent astatine 112,427.48 points, up from the erstwhile day’s 112,026.24 points.

The marketplace capitalisation besides appreciated by N253 billion, climbing from N70.641 trillion to N70.894 trillion.

Details of banal marketplace activities connected Tuesday

Here is simply a snapshot of the winners, losers, and stocks that led marketplace activities, arsenic investors exchanged 622,635,197 shares valued astatine N16.123 cardinal successful 17,044 deals.

Top gainers

• Honeywell Flour Mills Plc gained N2.00, rising from N20.00 to N22.00 per stock (+10.00%).
• SFS Real Estate Investment Trust gained N20.60, moving from N206.00 to N226.60 per stock (+10.00%).
• SCOA Nigeria Plc gained N0.49, expanding from N4.90 to N5.39 per stock (+10.00%)
• International Marine and General Services Plc roseate by N3.35, climbing from N33.65 to N37.00 per stock (+9.96%).
• International Energy Insurance Plc gained N0.16, rising from N1.63 to N1.79 per stock (+9.82%).

Stock marketplace investors commencement the period of June Photo credit: NGX
Source: Getty Images

Top losers

• Conoil Plc declined by N29.80, falling from N298.10 to N268.30 per stock (−10.00%).
• Learn Africa Plc dropped N0.43, decreasing from N4.31 to N3.88 per stock (−9.98%).
• Transcorp Hotels Plc mislaid N14.70, moving from N147.50 to N132.80 per stock (−9.97%).
• Julius Berger Nigeria Plc declined by N13.30, dropping from N133.80 to N120.50 per stock (−9.94%).
• Chellarams Plc mislaid N1.05, decreasing from N10.58 to N9.53 per stock (−9.92%).

Top progressive trades

• Fidelity Bank Plc recorded a turnover of 108.17 cardinal shares valued astatine N2.05 billion.
• Legend Intercontinental Plc traded 60.95 cardinal shares worthy N344.36 million.
• United Bank for Africa Plc exchanged 55.74 cardinal shares valued astatine N1.93 billion.
• Guaranty Trust Holding Company Plc recorded 41.23 cardinal shares worthy N2.80 billion.
• Access Holdings Plc traded 34.51 cardinal shares, amounting to N754.43 million.

Tony Elumelu makes large move, buys much UBA shares

Earlier, Legit.ng reported that the president of United Bank for Africa (UBA), Tony Elumelu, has purchased much than 45 cardinal shares successful the company.

The transaction was disclosed by the group's institution secretary, Bili Odum, successful a regulatory filing connected the Nigerian Exchange Group (NGX) connected Tuesday, May 27, 2025.

According to Odum, 45,034,044 shares were purchased connected May 23, 2025, astatine N34.3 apiece, for a full transaction worth of astir N1.53 billion.

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Source: Legit.ng