Nigeria’s equities market closed positive (+0.47percent) on Monday May 31, the last trading day in the bearish month of May.
Investors booked about N94billion gain, thanks to stocks like MRS Plc which recorded the highest gain, from day open low of N11.50 to N 12.60, after adding N1.10 or 9.57percent, while Vitafoam followed from a low of N10.10 to N 11, adding 90kobo or 8.91percent.
Record dips in two insurance stocks –Royal Exchange and Consolidated Hallmark Insurance (CHI) –that led the losers could not reverse the market’s journey into the green zone.
Royal Exchange Plc dipped from 81kobo to 73kobo, down by 8kobo or 9.88percent, while CHI Plc decreased from 73kobo to 66kobo, losing 7kobo or 9.59percent.
The Nigerian Exchange (NGX) Limited All Share Index (ASI) and market capitalization increased from day-open lows of 38,256.95 points and N19.940 trillion respectively to 38,437.88 points and N20.034trillion. The market’s negative return this year decreased to -4.55percent at the close of trading session on Monday.
In 3,827 deals, investors exchanged 201,857,280 units valued at N2.119billion. Fidelity Bank, Zenith Bank, Access Bank and FBN Holdings were most traded stocks on the NGX Limited.
