See top gainers as Nigeria stock market rises by over N1trn in 1 week

• The banal marketplace has ended the week with a beardown performance, helping investors marque implicit N trillion
• The marketplace was driven by user goods, industrial, banking, and security stocks during the week
• On Friday, Neimeth International Pharmaceuticals Plc, Learn Africa Plc, and Mecure Industries Plc led the gainers’ table

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

The Nigerian Exchange ended the trading week connected a affirmative note, with listed stocks gaining N1.43 trillion aft 7 days of trading.

During the week, investors showed renewed involvement successful worth stocks crossed astir sectors. The lone objection was the lipid and state sector, which experienced large profit-taking activity.

Nigeria banal marketplace investors marque implicit N1 trillion Photo credit: NGX
Source: Facebook

Market sentiment remained cautious passim the week, with a premix of trading sessions.

However, accrued appetite for undervalued stocks helped the marketplace flooded sell-side pressures and adjacent successful the green.

Key show highlights

The NGX All-Share Index (ASI) roseate by 1.57%, expanding from 118,138.22 points to 119,995.76 points.

Market capitalisation grew from N74.534 trillion to N75.962 trillion. and an summation of N1.43 trillion.

Year-to-date (YtD) instrumentality climbed to 16.58%, portion June-to-date show stood astatine +7.39%.

Sectoral show (week connected week)

• NGX Industrial Goods Index +3.92%
• NGX Consumer Goods Index +3.73%
• NGX Insurance Index +3.67%
• NGX Banking Index +2.59%
• NGX Oil & Gas Index -2.23%

Here is simply a breakdown of the market snapshot for Friday, June 27

Top 5 gainers

• Neimeth International Pharmaceuticals Plc roseate by N0.54 from N5.40 to N5.94 (+10.00%)
• Learn Africa Plc gained N0.46 from N4.64 to N5.10 (+9.91%)
• Mecure Industries Plc appreciated by N1.10, moving from N11.10 to N12.20 (+9.91%)
• Academy Press Plc added N0.44, climbing from N4.66 to N5.10 (+9.44%)
• Smurfit Print Nigeria Plc gained N0.05, rising from N0.55 to N0.60 (+9.09%)

Top 5 decliners

• Legendary Investments Plc dropped N0.89, falling from N8.92 to N8.03 (-9.98%)
• BUA Cement Plc declined by N10.50, from N105.90 to N95.40 (-9.92%)
• FTN Cocoa Processors Plc mislaid N0.36, from N3.69 to N3.33 (-9.76%)
• Oando Plc fell N5.40, decreasing from N61.90 to N56.50 (-8.72%)
• McNichols Plc shed N0.20, from N2.37 to N2.17 (-8.44%)

Top 5 trades by volume

• Japaul Gold & Ventures Plc 88,261,055 shares valued astatine N192.04 million
• Ellah Lakes Plc 80,038,219 shares worthy N555.75 million
• Access Holdings Plc 56,016,818 shares valued astatine N1.25 billion
• Caverton Offshore Support Group Plc 53,983,155 shares worthy N271.15 million
• Zenith Bank Plc 30,545,302 shares valued astatine N1.76 billion

US dollar crashes by N48

Earlier, Legit.ng reported that the worth of the dollar has erstwhile crashed against the naira successful some authoritative and unofficial overseas speech markets.

The latest speech complaint question for the naira pursuing the involution from the Central Bank of Nigeria.

The naira's show successful the past fewer weeks has besides been helped by President Trump's actions.

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Source: Legit.ng