See more as Investors make over N187 billion as Nigeria stock market rise further

• The Nigerian banal marketplace recorded different affirmative performance, helping investors turn the worth of their investments
• The latest upward question was led by University Press, Learn Africa, Northern Nigeria Flour Mills, and Honeywell Flour Mills
• In 14,870 deals, investors exchanged 531,287,255 shares worthy N19.808 cardinal successful trading connected Wednesday

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 recorded different affirmative show connected Wednesday, May 28, arsenic investors booked a N187 cardinal gain.

Data from Nigerian Exchange Limited (NGX) showed that the All-Share Index (ASI) climbed by 0.27% to adjacent astatine 111,902.61 points, up from the erstwhile day’s 111,606.22 points.

Snapshot of marketplace question aft trading connected Wednesday Photo crdeit: NGX
Source: Facebook

While the marketplace capitalisation besides roseate to N70.564 trillion, marking an summation from N70.377 trillion.

Investors showed involvement successful Northern Nigeria Flour Mills (NNFM), which emerged arsenic the apical gainer for the day.

Snapshot of the marketplace connected Wednesday

Here are the winners and losers for the day.

Top 5 gainers:

• University Press Plc (UPL) roseate by N0.51, expanding from N5.10 to N5.61 per stock (+10.00%).
• Learn Africa Plc gained N0.41, moving from N4.10 to N4.51 per stock (+10.00%).
• Northern Nigeria Flour Mills Plc (NNFM) appreciated by N11.85, climbing from N118.70 to N130.55 per stock (+9.98%).
• Honeywell Flour Mills Plc (HONYFLOUR) precocious by N1.90, rising from N19.10 to N21.00 per stock (+9.95%).
• Omatek Ventures Plc (OMATEK) added N0.07, up from N0.71 to N0.78 per stock (+9.86%).

Stock investors marque implicit N187 cardinal successful hours of trading Photo credit: Nurphoto
Source: Getty Images

Top 5 decliners:

• Academy Press Plc (ACADEMY) declined by N0.45, dropping from N4.50 to N4.05 per stock (-10.00%)
• Abbey Mortgage Bank Plc (ABBEYBDS) fell by N0.76, down from N7.63 to N6.87 per stock (-9.96%).
• Skyway Aviation Handling Company Plc (SKYAVN) shed N6.60, decreasing from N66.40 to N59.80 per stock (-9.94%).
• Nigerian Enamelware Plc (ENAMELWA) mislaid N2.50, moving from N25.30 to N22.80 per stock (-9.88%)
• Multiverse Mining and Exploration Plc (MULTIVERSE) dropped by N0.85, falling from N8.90 to N8.05 per stock (-9.55%).

Top 5 trades by Volume:

• Japaul Gold & Ventures Plc (JAPAULGOLD) recorded 58,904,976 shares valued astatine N117,193,646.83.
• Fidelity Bank Plc (FIDELITYBK) saw 48,221,173 shares exchanged, amounting to N883,584,007.65
• Custodian Investment Plc (CUSTODIAN) registered 37,479,422 shares worthy N756,000,553.00.
• Guaranty Trust Holding Company Plc (GTCO) posted 29,513,060 shares, with a full worth of N2,054,423,011.20.
• FCMB Group Plc (FCMB) traded 22,772,961 shares valued astatine N226,663,583.10.

NGX delists Flour Mills of Nigeria

Earlier, Legit.ng reported that the Nigerian Exchange (NGX) has delisted Flour Mills of Nigeria Plc's full issued stock capital, removing it from the exchange's authoritative database of stocks.

The NGX informed investors and members of the nationalist astir this delisting successful its play marketplace report.

A connection successful the study confirms the delisting.

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Source: Legit.ng