The All-Share Index (ASI), which measures the Nigerian stock market, saw a significant gain on the trading day that ended May 6, 2025, jumping 1,662.60 points to close at 108,361.10.
With the 109,000 barrier in sight, this surge helped the index surpass the psychological benchmarks of 107,000 and 108,000.
Large-cap stocks, particularly MTN Nigeria, the fourth most valuable listed business on the exchange, and Aradel Holdings, which were up 9.2% and 7.6%, respectively, were the main drivers of the 1.56% rise from the previous close of 106,698.50.
The volume of shares traded decreased little to 475.4 million from 569 million the day before, notwithstanding the upward momentum.
Despite this, the increase in equities prices increased market capitalization overall, which rose from N67.06 trillion to N68.1 trillion across 17,575 transactions.
Among the top gainers, ECOBANK, NORTHERN NIGERIA FLOUR MILLS, and NESTLÉ led the way, each making a maximum daily advance of 10%.
DAARCOMM and GUINEAINS, on the other hand, were the biggest laggards, falling by 6.78% and 8.70%, respectively.
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ACCESSCORP and GTCO were the most actively traded stocks of the day, accounting for the majority of trading activity.
Market overview
Prior ASI: 106,698.50 Current ASI: 108,361.10
Change of the Day: +1.56%
Performance for the Year to Date: +5.28%
475.4 million shares were traded in total.
Value of Market: N68.1 trillion
The top five movers
Up 10% to N25.85 for ETI and 10% to N82.50 for NNFM
Up 10% to N1,210.00 at Nestle
Up 9.98% to N132.80 for BETAGLAS
Australia’s gain of 9.94% to N1.88
Top 5 losers
GUINEAINS: N0.63 down 8.70 percent
At N0.55, DAARCOMM is down 6.78%.
Down 6.59% to N17.00, VFDGROUP
Down 6.07% to N2.01 for WAPIC
Regalinis: 4.69% lower at N0.61
The volume of trading
The daily trading volume was 475.4 million shares, which was a minor decrease from the 569 million shares that were traded the day before.
Notably, 103.9 million shares were traded, making ACCESSCORP the trading activity leader.
Following closely behind, with 37.9 million shares traded, was GTCO.
There was a lot of interest in UBA from investors; 30.7 million shares were exchanged.
The significant trades of 27.1 million and 26.1 million shares, respectively, were also accomplished by STERLINGNG and ZENITHBANK.
Valuable trade
With N2.4 billion in value, GTCO was the leader, followed by ACCESSCORP with N2.2 billion.
The trading value of ZENITHBANK was N1.2 billion, UBA was N1.03 billion, and ARADEL was N943.8 million.
FUGAZ and WOOTs
ARADEL flourished in the SWOOT category analysis, rising 7.58%, while MTNN saw a 9.16% jump.
All of the stocks in this category finished the day higher on the FUGAZ side.
FIRSTHOLD saw a 0.20% increase, UBA had a 1.77% increase, ACCESSCORP saw a 0.95% increase, ZENITHBANK saw a 2.24% gain, and GTCO saw a 2.44% increase.
Forecast for the market
The positive momentum of the All-Share Index has returned, and it is now aiming for the 109,000 mark.
Continuing to rise, especially in large- and mid-cap stocks, may give the index the boost it needs to cross the 109,000 mark and, in the short run, continue up toward the 110,000 mark.
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