The Nigerian Exchange closed the month of June with a gain of N5.32tn as investor appetite for stocks remained strong, but trading opened in the red on the last day of the month with a marginal decline in the benchmark index.
At the close of trading on Monday, the All-Share Index fell by 17.19 points to settle at 119,978.57, representing a 0.01 per cent drop. This came despite a one-week gain of 1.18 per cent, a four-week gain of 7.22 per cent, and a year-to-date return of 16.57 per cent.
The market capitalisation currently stands at N76tn.
A total of 1.42 billion shares valued at N43.30bn were traded in 25,171 deals on the floor of the exchange. This represents a 127 per cent increase in volume, a 239 per cent improvement in turnover, and a 15 per cent rise in the number of deals compared to the previous trading session.
Market sentiment was slightly positive as 32 stocks recorded gains while 31 declined.
Computer Warehouse Group Plc led the gainers chart with a 10 per cent rise to close at N12.65 per share. Caverton Offshore Support Group Plc followed with a 9.96 per cent increase, Neimeth International Pharmaceuticals Plc rose by 9.93 per cent, FTN Cocoa Processors Plc gained 9.91 per cent, Meyer Plc appreciated by 9.84 per cent, and Wapic Insurance Plc rose by 9.66 per cent.
On the losers’ table, Learn Africa Plc declined by 10 per cent to close at N4.59. Julius Berger Nigeria Plc lost 9.97 per cent, C and I Leasing Plc fell by 9.90 per cent, Thomas Wyatt Nigeria Plc dropped by 9.62 per cent, Daar Communications Plc declined by 8.20 per cent, and UPDC Plc shed 7.67 per cent.
Oando Plc recorded the highest volume of trades with 371 million shares worth N19.87bn. Access Holdings Plc followed with 328 million shares valued at N7.22bn. UAC of Nigeria Plc traded 129 million shares worth N4.44bn, while Ellah Lakes Plc and Caverton Offshore Support Group Plc also ranked among the top five by volume.
Nestlé Nigeria Plc and Zenith Bank Plc led in terms of value traded, with transactions worth N1.66bn and N1.24bn, respectively.
Performance across sectoral indices was mixed. The NGX Consumer Goods Index rose by 0.79 per cent, the NGX Insurance Index gained 0.69 per cent, while the NGX Oil and Gas Index declined by 0.29 per cent. The NGX Premium Index also dipped by 0.36 per cent.
PUNCH Online reported that the Nigerian equities market maintained its bullish momentum last week as the Nigerian Exchange Limited recorded a total gain of N1.43tn, driven largely by renewed investor interest in the banking sector, particularly in Zenith Bank Plc, Access Holdings Plc, and Fidelity Bank Plc.
