On Wednesday May 27, the first trading session in the stock market after the public holidays, Nigeria’s stock market recorded mild gain of 0.07 percent or N8billion in value terms.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) rose to 25,221.23 points on Wednesday from preceding trading day low of 25,204.75 points while the value of listed stocks increased from N13.136 trillion to N13.144 trillion.
Nigerian Breweries plc helped the northwards trajectory after its share price moved from N39.5 to N43.45, adding N3.95 or 10percent.
Dangote Cement Plc also advanced from N134 to N137.3, adding N3.3 or 2.46percent.
Earlier, Vetiva Research analysts said: “We expect the market to extend its upward trend (though at a slower rate) upon resumption from the holiday”.
Actively Traded stocks on Wednesday were; FBN Holdings, Zenith Bank, GTBank, and UBA.
In 7,759 deals, investors exchanged 581,606,575 units valued at N5.590billion.
