It could be said that May began on a pleasant note for investors in the Stock Market who have begun making gains.

The Stock market investors on the last trading day of April 2024, gained ₦‎195 billion.

Share price surge from Presco, Dangote Sugar and Honeywell Flour Mills gave rise to the bullish run in the market.


At the close of the first trading day in May 2024, Stock market investors smiled home with ₦‎303 billion.

Have You Read: Share Price Surge In Equities Help Investors Gain ₦‎195bn 

The All-Share Index (ASI) and market capitalisation rose from 98,225.63bps and ₦55.553 trillion to 98,762.78bps and ₦55.856 trillion.

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 537.15 (0.55%) points to close at 98,762.78, representing a 1-week gain of 0.65%, a 4-week loss of 5.29%, but an overall year-to-date gain of 32.08%.

At least 665 million shares were traded in 8,446 deals, with a market value of ₦5.541 billion.

Market breadth closed positive with 124 listed equities participating in trade and 29 gaining while 14 made losses.


Gainers And Losers

Presco led the gainers with a 10% share price appreciation closing at ₦229.90 per share.

Flour Mills Nigeria, Sterling Bank and Dangote Sugar Refinery grew their share prices by 10%, 9.98% and 9.9% respectively.

National Salt Company recorded the highest loss with a share price dip of 9.99% at ₦47.30.

University Press, Omatek Ventures and Neimeth Pharma share prices dipped by 9.29%, .21% and 9.09% respectively.

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Abbey Mortgage Bank recorded the highest volume of 363 million traded shares, followed by Access Holdings 54.5 million, Veritas Kapital Assurance 38.7 million and Nigerian Breweries 31.2 million.


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