Investors in the nation’s stock market gained N1.18tn in May as the market capitalisation rose above N13tn.
The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated closed at 25,267.82 basis points on Friday from 23,021.01 bps on April 30.
All other indices finished higher on Friday with the exception of NSE Meri Value and NSE Oil/Gas Indices, which depreciated by 2.99 per cent and 0.34 per cent respectively while NSE ASeM closed flat. The financial services industry led the activity chart with 953.356 million shares valued at N8.24bn traded in 10,931 deals, thus contributing 75.94 per cent and 61.00 per cent to the total equity turnover volume and value respectively.
Trading in the top three equities, namely FBN Holdings Plc, Zenith Bank Plc and Guaranty Trust Bank Plc accounted for 494.748 million shares worth N6.62bn in 5,566 deals, contributing 39.41 per cent and 49.02 per cent to the total equity turnover volume and value respectively.
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