Five Companies Lead As Nigerian Stock Market Gains N253 Billion
- The Nigerian stock market has recorded another positive performance, helping investors grow their investments
- Honeywell Flour Mills, SFS Real Estate Investment Trust, and SCOA Nigeria led the latest movement
- Shares of Fidelity Bank, Legend Internet, UBA, GTCO, and Access Holdings were mostly traded by investors
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Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerian investors recorded a gain of N253 billion on Tuesday, June 2, 2025, after the market rose by 0.36% at the close of trading, marking the second positive performance of the new month.
The strong performance of the market is due to investors' continued cherry-picking of value stocks ahead of the half-year (H1) portfolio rebalancing.
Source: Facebook
Data showed that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose by 401.24 points, or 0.36%, to close at 112,427.48 points, up from the previous day’s 112,026.24 points.
The market capitalisation also appreciated by N253 billion, climbing from N70.641 trillion to N70.894 trillion.
Details of stock market activities on Tuesday
Here is a snapshot of the winners, losers, and stocks that led market activities, as investors exchanged 622,635,197 shares valued at N16.123 billion in 17,044 deals.
Top gainers
- Honeywell Flour Mills Plc gained N2.00, rising from N20.00 to N22.00 per share (+10.00%).
- SFS Real Estate Investment Trust gained N20.60, moving from N206.00 to N226.60 per share (+10.00%).
- SCOA Nigeria Plc gained N0.49, increasing from N4.90 to N5.39 per share (+10.00%)
- International Marine and General Services Plc rose by N3.35, climbing from N33.65 to N37.00 per share (+9.96%).
- International Energy Insurance Plc gained N0.16, rising from N1.63 to N1.79 per share (+9.82%).
Source: Getty Images
Top losers
- Conoil Plc declined by N29.80, falling from N298.10 to N268.30 per share (−10.00%).
- Learn Africa Plc dropped N0.43, decreasing from N4.31 to N3.88 per share (−9.98%).
- Transcorp Hotels Plc lost N14.70, moving from N147.50 to N132.80 per share (−9.97%).
- Julius Berger Nigeria Plc declined by N13.30, dropping from N133.80 to N120.50 per share (−9.94%).
- Chellarams Plc lost N1.05, decreasing from N10.58 to N9.53 per share (−9.92%).
Top active trades
- Fidelity Bank Plc recorded a turnover of 108.17 million shares valued at N2.05 billion.
- Legend Intercontinental Plc traded 60.95 million shares worth N344.36 million.
- United Bank for Africa Plc exchanged 55.74 million shares valued at N1.93 billion.
- Guaranty Trust Holding Company Plc recorded 41.23 million shares worth N2.80 billion.
- Access Holdings Plc traded 34.51 million shares, amounting to N754.43 million.
Tony Elumelu buys more UBA shares
Earlier, Legit.ng reported that the chairman of United Bank for Africa (UBA), Tony Elumelu, purchased more than 45 million shares in the company.
The transaction was disclosed by the group's company secretary, Bili Odum, in a regulatory filing on the Nigerian Exchange Group (NGX) on Tuesday, May 27, 2025.
According to Odum, 45,034,044 shares were purchased on May 23, 2025, at N34.3 apiece, for a total transaction value of roughly N1.53 billion.
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Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
