Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Liverpool Star, Diogo Jota Dies In Car Crash

    July 3, 2025

    Microsoft Sacks 9,000 Workers In Bid To Reduce Costs

    July 2, 2025

    Ex-AGF Abubakar Malami Resigns From APC, Joins ADC

    July 2, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Liverpool Star, Diogo Jota Dies In Car Crash
    • Microsoft Sacks 9,000 Workers In Bid To Reduce Costs
    • Ex-AGF Abubakar Malami Resigns From APC, Joins ADC
    • Coalition: Atiku, Obi, Amaechi Others Sign Agreement To Takeover ADC
    • Gaza War: Israel Has Agreed To 60 Days Ceasefire โ€“ Trump
    • Weโ€™ll Practice Internal Democracy In ADC โ€“ Aregbesola
    • Mark Resigns From PDP After Announcement As ADC National Chairman
    • Atiku, Mark, Lamido, Ikimi Hold Crucial Meeting In Abuja
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Thursday, July 3
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home ยป Nigerian Stock Market Booms, Gains N294 Billion
    2 Mins ReadMay 29, 2024

    Nigerian Stock Market Booms, Gains N294 Billion

    By Lanre AkiluMay 29, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The equity market sustained its bullish trend on Tuesday as investors gained N294bn.

    At the close of trading, the market capitalisation of the Nigerian Exchange and the All-Share Index rose by 0.53 per cent to settle at N55.65tn and 98,383.04 basis points, respectively.

    Market participation also increased as the volume of traded units increased by 52.49 per cent to 559,608,966 units.

    Bullish activity dominated the dayโ€™s trade with the exchange recording more gainers at 28 than losers at 14.

    Leading the gainersโ€™ chart was Dangote Sugar with a 10 per cent appreciation to N42.90, Morison Industries Plc stocks rose by 9.88 per cent to close at N4.45 and National Salt Company gained 9.88 per cent to close trading at N37.25 per share.

    Among the notable losers in the equity market were Sovereign Trust Insurance which lost 9.52 per cent to close at N0.38, Universal Insurance Plc shed 8.33 per cent to close trading at N0.33 and The Initiate Plc lost per cent to close at N 1.71.

    Seplat Energy Plc was the most traded securities by value, amounting to N1.60bn worth of shares exchanged in 51 deals, while Abbey Mortgage Bank led the volume chart with 277,527,586 units traded in eight deals.

    On the sectoral front, five indexes gained and one index dipped, indicating good performance across sectors.

    Buy interest in UBA, First Bank Holdings, Seplat, and Japaul Gold and Ventures Plc helped the Banking and Oil and Gas indexes to rise 2.4 per cent and 1.9 per cent, respectively.

    Similarly, the consumer goods and insurance indexes increased by 1.1 per cent and 0.7 per cent, respectively.

    Conversely, the Industrial goods sector was the only laggard, declining by 0.20 per cent.

    Author

    • Lanre Akilu
      Lanre Akilu

      View all posts
    Nigerian Stock Market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Lanre Akilu

    Related Posts

    Banking & Finance

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025
    Breaking News

    Tinubu Signs Four Landmark Tax Reform Bills Into Law

    June 26, 2025
    Breaking News

    Multichoice Slashes DStv Decoder Price By 50 Percent

    June 25, 2025
    Aviation

    FCCPC Invites Air Peace Over Failure To Refund Fares For Canceled Flights

    June 16, 2025
    Business

    May & Baker Posts N28.9bn Revenue, N1.6bn PAT

    June 6, 2025
    Banking & Finance

    Access ARM Pensions Posts N28.2bn Revenue

    June 2, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Liverpool Star, Diogo Jota Dies In Car Crash

    July 3, 2025

    Microsoft Sacks 9,000 Workers In Bid To Reduce Costs

    July 2, 2025

    Ex-AGF Abubakar Malami Resigns From APC, Joins ADC

    July 2, 2025

    Coalition: Atiku, Obi, Amaechi Others Sign Agreement To Takeover ADC

    July 2, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    ยฉ 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.