The first trading session of the week and month of June 2025 ended on a positive note with a 0.25 per cent improvement despite investor sentiment turning bearish.
The bourse finished with 23 price gainers and 33 price losers yesterday, representing a negative market breadth index and weak investor sentiment.
The growth recorded on Monday was driven by bargain-hunting across the major sectors of Customs Street except the profit-taking in the consumer goods space, causing it to close lower by 0.58 per cent.
The insurance index improved by 0.85 per cent, the industrial goods space appreciated by 0.43 per cent, the energy counter gained 0.22 per cent, the banking industry rose by 0.20 per cent, and the commodity sector grew by 0.05 per cent.
Consequently, the All-Share Index (ASI) chalked up 273.94 points to finish at 112,015.95 points compared with last Friday’s 111,742.01 points and the market capitalisation went up by N173 billion to N70.636 trillion from N70.463 trillion.
Multiverse gained 9.87 per cent to trade at N8.35, Livestock Feeds jumped by 9.57 per cent to N10.30, Lasaco Assurance climbed higher by 8.11 per cent to N2.80, Neimeth increased by 8.06 per cent to N3.35, and Royal Exchange soared by 7.50 per cent to 86 Kobo.
Conversely, Legend Internet lost 9.90 per cent to close at N5.55, Secure Electronic Technology weakened by 9.84 per cent to 55 Kobo, eTranzact slumped by 9.56 per cent to N6.15, University Press declined by 9.32 per cent to N5.35, and McNichols shed 7.31 per cent to quote at N2.41.
Business Post observed that the demand for Nigerian stocks was lower than the preceding trading session, as the trading volume, value and number of deals depreciated by 73.12 per cent, 84.27 per cent, and 8.76 per cent, respectively.
A total of 518.0 million equities worth N10.1 billion exchanged hands in 17,019 deals during the session compared with the 1.9 billion equities valued at N64.2 billion traded in 18,653 deals in the preceding session.
On top of the activity chart during the trading day was Fidelity Bank with the sale of 98.8 million shares for N1.9 billion, Royal Exchange exchanged 58.5 million equities worth N50.2 million, Access Holdings transacted 55.2 million stocks for N1.2 billion, Cutix traded 32.3 million equities valued at N101.1 million, and United Capital sold 27.2 million shares worth N534.4 million.