Wednesday, 07 May 2025 02:52

Nigerian equities market surges as investors gain ₦1.045trn

Rate this item
(0 votes)

The Nigerian stock market maintained its bullish momentum on Tuesday, with investors recording substantial gains of ₦1.045 trillion on the Nigerian Exchange Ltd.

Market capitalization increased by 1.56% to reach ₦68.105 trillion, up from Monday's close of ₦67.060 trillion. Similarly, the All-Share Index (ASI) climbed by 1,662.60 points or 1.56%, settling at 108,361.10 from the previous day's 106,698.50.

This upward trend was fueled by strong investor interest in medium and large-cap stocks, particularly in the financial sector, including Access Corporation, Guaranty Trust Holding Company, and United Bank for Africa.

The market showed positive breadth with 42 gainers outpacing 25 losers. Among top performers, Ecobank Transnational Corporation and Northern Nigeria Flour Mills both surged by 10%, closing at ₦25.85 and ₦82.50 per share respectively. Nestlé Nigeria also gained 10% to finish at ₦1,210, while Beta Glass rose 9.98% to ₦132.80 and Austinlaz increased by 9.94% to ₦1.88 per share.

On the declining side, Guinea Insurance led with an 8.70% drop to 63 kobo, followed by DAAR Communications which fell 6.78% to 55 kobo. VFD Group decreased by 6.59% to ₦17.00, while WAPIC Insurance and Regalins shed 6.07% and 4.69%, closing at ₦2.01 and 61 kobo respectively.

Trading volume stood at 475.46 million shares valued at ₦13.899 billion across 17,575 transactions, compared to Monday's 569.041 million shares worth ₦18.934 billion in 18,612 deals.

Access Corporation dominated trading activity with 103.92 million shares worth ₦2.2 billion, followed by Guaranty Trust Holding Company with 37.99 million shares valued at ₦2.422 billion. United Bank for Africa, Sterling Bank Nigeria, and Zenith Bank rounded out the top five most actively traded stocks with transactions worth ₦1.04 billion, ₦147.24 million, and ₦1.234 billion respectively.​​​​​​​​​​​​​​​​

May 30, 2025

Nigeria's $3bn fashion drain: How import dependence undermines local textile industry

Nigeria's fashion sector is hemorrhaging billions of dollars annually due to overwhelming reliance on imported…
June 01, 2025

‘Nigeria under siege by urban bandits, poverty weaponized’ – Atiku, El-Rufai warn

Former Vice President Atiku Abubakar and ex-Kaduna State Governor Nasir El-Rufai have issued a scathing…
June 01, 2025

Her daughter was taken and sent abroad - 44 years later, they found each other

The last memory Han Tae-soon has of her daughter as a child is in May…
May 31, 2025

Tools made of whale bones reveal inventiveness of prehistoric people

Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreline…
May 31, 2025

Troops kill 60 terrorists and top ISWAP commander in Borno, as FCT mourns 11 killed…

Nigerian troops have killed over 60 terrorists in Borno State during a series of operations,…
June 01, 2025

What to know after Day 1193 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia launches air attack on Ukraine's capital Kyiv, mayor says Ukraine's air defence…
May 29, 2025

AI system resorts to blackmail when its developers try to replace it

An artificial intelligence model has the ability to blackmail developers — and isn’t afraid to…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.