First day of month results at the Nigerian bourse

Reading time 2 min.
Man holding a flag of Nigeria
Man holding a flag of Nigeria

Investors at the Nigerian Stock Exchange (NSE) on the first day of trading for the month of June, Monday placed 7.149 billion naira on 567.2 million shares in 15,602 deals, just as the insurance sub-sector led on the activity chart, measured in turnover volume.

Two petroleum marketing stocks, Chevron Nigeria Plc and Total Oil Plc were however not so lucky as their stocks suffered losses and they both led the losers’ table.

Chevron shares depreciated by N9.99 to close at N300.00; Total followed with a loss of N8.98 to close at N238.98 and Okomuoil Nig Plc closed at N29.95, loosing N 1.50 in the process.

However, another oil stock led the gainers’ table.

Mobil Oil Nig Plc gained N9.97 to close at N199.50, Ecobank Transnational Incorporated also gained N7.67, to close at N46.00 and Julius Berger Nig Plc shares closed at N109.15, gaining N5.45.

Market capitalisation also ended at 11.63 trillion naira while the all-share ind exclosed at 58,928.84 points.

The insurance sub-sector led the activity chart with a turnover of 316 million shares valued at 1.296 billion naira in 2,702 deals.

Mutual Benefits Assurance Plc led with 198.2 million shares, International Energy Insurance Co. Plc followed with 20.8 million shares and Investment and Allied Assurance Plc 17.3 million shares. The three companies’ shares boosted the activity in the sub-sector.

Banking sub-sector followed on the activity chart with 166.1 million shares worth 4.26 billion naira in 7,637 deals.

Skye Bank Plc traded 20.5 million of its shares to lead others, Access Bank Plc followed with 17.7 million shares and PlantinumHabib Bank Plc with 17.6 million shares.

Conglomerates sub-sector came a distant third on the activity chart with 15.4 million shares valued at 140.26 million naira in 564 deals.

As was the case in the last months, Transnational Corporation of Nigeria (TRANSC ORP), maintained its lead in the sub-sector as the volume of shares sold; it traded 12 million shares, UNILEVER Nigeria Plc followed with 1.2 million shares and PZ Cussons Nig. Plc 1.1 million shares.

International  International news in general
Support Follow Afrik-News on Google News