Stock Market Closes Week Bullish with ₦1.157 Trillion Gain
Lagos, June 5, 2025 – The Nigerian stock market sustained its bullish momentum, closing the week with a remarkable gain of ₦1.157 trillion, driven by strong investor confidence and robust buying activity in medium and large-cap stocks. The Nigerian Exchange Limited (NGX) market capitalization rose by 1.63 percent, from ₦71.118 trillion on Wednesday to ₦72.275 trillion by the close of trading on Thursday.
The All-Share Index (ASI) climbed by 1,835.02 points, settling at 114,616.75 basis points, reflecting broad market optimism ahead of the Eid-el-Kabir celebrations. This figure marks an all-time high for the Nigerian stock market, surpassing previous records set earlier in 2025.
Key Drivers of the Rally
The week’s gains were propelled by significant demand for shares in major companies, including:
- Champion Breweries, which surged 10 percent to close at ₦7.70 per share.
- Nigerian Exchange Group (NGX), up 10 percent to ₦39.60 per share.
- MTN Nigeria Communications, which rose 9.99 percent to ₦319.20 per share.
- Oando Plc, gaining 9.96 percent to close at ₦56.85 per share.
- Morison Industries, which increased by 9.90 percent to ₦3.22 per share.
The market breadth was positive, with 41 gainers against 22 losers, signaling a generally favorable investor sentiment.
Market Activity and Volume
Approximately 1.46 million shares worth ₦33.47 billion were traded across 16,410 transactions during the week. Fidelity Bank Plc led the volume chart with 829.72 million shares traded, valued at ₦15.97 billion. Other active stocks included Legend Internet with 180.30 million shares and Zenith Bank with 62.82 million shares exchanged.
Despite the bullish trend, some stocks experienced declines. Northern Nigeria Flour Mills dropped by 9.97 percent, ABC Transport lost 9.77 percent, and Legend Internet fell by 9.49 percent.
Monthly Performance and Sector Highlights
May 2025 was a particularly strong month for the Nigerian equities market, with the All-Share Index breaking through the 110,000-point threshold for the first time, closing at 111,742.01 points—a 5.62% increase from the previous month. The market saw a 55.72% surge in trading volume, rising to 12.6 billion shares.
Top-performing stocks in May included:
- Beta Glass Plc, which posted a remarkable 133% return.
- Northern Nigeria Flour Mills Plc, with an 85.2% gain.
- Caverton Offshore Support Group, up 73.6%.
- Champion Breweries Plc, with a 44.7% increase.
- Nestlé Nigeria Plc, which gained 44.6%.
The consumer goods and financial services sectors led the gains, reflecting renewed investor confidence fueled by strong Q1 earnings and improved macroeconomic conditions.
Outlook
Market analysts expect the equities market to maintain mild positive momentum in the near term, buoyed by excess liquidity, improving corporate earnings, and anticipation of the Q2 earnings season. Investors are advised to focus on fundamentally sound stocks with clear growth trajectories and potential for interim dividend payments
