The bullish trend surfaced in the Nigerian Stock Exchange on Monday, June 15, following investors increased appetite for highly capitalized stocks.
Trading activities on the floor of the Nigerian Stock Exchange ragained its positive momentum on Monday June 15, increased investors appetite for stocks.
The market gained N33 billion driven by investors’ appetite for highly capitalised stocks like Guinness, Forte Oil and Dangote Cement, the market capitalisation gained N33 billion, from N11.477 trillion to N11.510 trillion.
The NSE All-Share Index rose by 97.7 points or 0.29 per cent to close at 33,719.45 from the 33,621.75 achieved on Thursday, June 11.
Guinness led the gainers’ chart by N17 to close at N185 per share. Forte Oil gained N4.99 to close at N177.99 while Dangote Cement grew by N1.01 to close at N178 per share. UAC Property appreciated by 50 kobo to close at N10.50 while Champion Breweries went up by 32 kobo to close at N6.74 per share.
On the other hand, PZ Cussons recorded the highest price loss of N3 to close at N32 per share. Okomu Oil trailed with a loss of N1.74 to close at N33.16 while International Breweries dipped by N1 to close at N19.01 per share. Berger Paints lost 53 kobo to close at N10.08 while Nigerian Breweries depreciated by 25 kobo to close at N150 per share.