The Nigerian Exchange (NGX) closed the month of June on a high note, with a gain of N5.32tn, driven by strong investor appetite for stocks. However, trading opened in the red on the last day of the month, with the benchmark index experiencing a marginal decline.
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% drop. Despite this, the market recorded a one-week gain of 1.18%, a four-week gain of 7.22%, and a year-to-date return of 16.57%. The market capitalisation currently stands at N76tn
Market sentiment was slightly positive, with 32 stocks recording gains and 31 declining. Computer Warehouse Group Plc led the gainers chart with a 10% rise to close at N12.65 per share. Oando Plc recorded the highest volume of trades with 371 million shares worth N19.87bn.
The NGX Consumer Goods Index rose by 0.79%, while the NGX Insurance Index gained 0.69%. However, the NGX Oil and Gas Index declined by 0.29%, and the NGX Premium Index dipped by 0.36%.
Key Market Metrics:
– All-Share Index: 119,978.57 (down 0.01%)
– Market Capitalisation: N76tn
– Trading Volume: 1.42 billion shares
– Trading Value: N43.30bn
– Number of Deals: 25,171
The Nigerian equities market maintained its bullish momentum last week, driven largely by renewed investor interest in the banking sector
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