The Nigerian equities market recorded strong positive aspects in Might as rising share costs and better buying and selling volumes throughout most listed firms pushed the market to new highs.
Tracked by the All-Share Index, the market broke by the 110,000-point threshold for the primary time ever, closing the month at 111,742.01.
This closing determine marks a 5.62% enhance from the opening degree of 105,920.18, making Might the strongest-performing month of the 12 months up to now.
Buying and selling exercise intensified as month-to-month quantity surged 55.72%, rising to 12.6 billion shares from 8.2 billion in April.
The surge in each worth and quantity was largely fueled by sustained momentum in large- and mid-cap shares, whose important market weighting contributed to the index’s upward motion.
Inside the broader market rally, some shares posted notably sturdy performances, probably pushed by investor response to constructive earnings outcomes and different encouraging developments.
The next are the highest 10 performers for the month of Might.
ABC Transport Plc secured the tenth spot with a month-to-date achieve of 43.2% in Might.
The inventory opened the month at N2.06 and closed at N2.95, supported by a buying and selling quantity of 28.5 million shares.
Shares of the corporate broke previous the N2.50 degree, probably pushed by constructive market response to Q1 2025 outcomes, the place it posted a revenue of N352 million, reversing a N20 million loss from Q1 2024.
Nestlé Nigeria Plc ranked ninth with a 44.6% achieve in Might.
The inventory began the month at N1,100 and moved greater on a complete quantity of two.4 million shares, closing Might in constructive territory.
Many of the worth motion occurred throughout the week starting 18th, when the inventory surpassed the N1,500 degree.
Champion Breweries positioned eighth with a 44.7% month-to-date return.
The inventory rose from N4.70 to N6.80, buying and selling 80.1 million shares throughout the month.
The strongest actions had been recorded within the week starting eleventh Might 2025, probably pushed by sector momentum and a big earnings rebound.
College Press is the seventh best-performing inventory in Might with a return of 57.8%.
Shares of the corporate opened the month at N3.74 and powered to N5.90, with a buying and selling quantity of 25.4 million shares.
The rally probably mirrored investor response to its This fall outcomes for the interval ended March 2025, the place it reported a pre-tax revenue of N639.5 million, recovering from a lack of N222.1 million in the identical quarter final 12 months.
Honeywell Flour Mills got here in sixth with a 61.5% achieve for the month.
The inventory rose from a gap of N13.00 to N21.00, with a strong quantity of 122.3 million shares traded.
Momentum picked up principally within the second week of Might and continued by the month, with the corporate’s shares closing all buying and selling weeks in constructive territory.
Honeywell Flour Mills reported a pre-tax revenue of N21.39 billion, marking a 348.80% enhance year-on-year.
Purple Star Specific Plc ranked fifth with a 64.8% month-to-month return.
The inventory moved from N5.05 to N8.32, with 4.4 million shares traded.
Many of the achieve occurred within the last week of Might because the inventory broke by the N7.00 resistance degree and ended the month above N8.00.
Purple Star additionally recorded 5 consecutive weeks of constructive closes after bouncing again from a retracement beneath N6.00 earlier within the month.
Its share worth rose from N2.87 to N4.75, with 31 million shares traded throughout the month.
Its share worth rose from N2.87 to N4.75, with 31 million shares traded throughout the month.
Such a robust efficiency probably attracted heightened investor curiosity.
