The trading day ended May 6, 2025, saw a significant increase in the Nigerian equity market, as measured by the All-Share Index (ASI), which rose 1,662.60 points to settle at 108,361.10.
The index is now aiming for the 109,000 barrier after this rise helped it surpass the psychological levels of 107,000 and 108,000.
MTN Nigeria, the fourth most valuable listed business on the exchange, and Aradel Holdings, which increased by 9.2% and 7.6%, respectively, were among the large-cap stocks that drove the 1.56% gain from the previous close of 106,698.50.
Trading volume decreased little from 569 million shares the day before to 475.4 million shares, despite the upward momentum.
But overall market capitalization increased as a result of the spike in equities prices, rising from N67.06 trillion to N68.1 trillion across 17,575 transactions.
Leading the charge among the top gainers were NESTLÉ, ECOBANK, and NORTHERN NIGERIA FLOUR MILLS, all of which advanced by a maximum of 10% per day.
However, GUINEAINS and DAARCOMM were the biggest laggards, falling 8.70% and 6.78%, respectively.
The most actively traded stocks of the day were ACCESSCORP and GTCO, which dominated the trading action.
Summary of the market
As of right now, the ASI is 108,361.10; it was 106,698.50 before.
Change in Day: +1.56%
Year-to-Date Results: +5.28%
There were 475.4 million shares traded.
The market value is N68.1 trillion.
Top 5 winners
NNFM: Up 10.00% to N82.50 ETI: Up 10.00% to N25.85
NESTLE: 10% increase to N1,210.00
BETAGLAS: 9.98% increase to N132.80
Down 9.94% to N1.88 in Australia
The top 5 losers
GUINEAINS: N0.63 down 8.70%
Down 6.78% to N0.55 for DAARCOMM
At N17.00, VFDGROUP is down 6.59%.
6.07% decline in WAPIC to N2.01
Down 4.69% to N0.61 for REGALINS
volume of trading
475.4 million shares were traded daily, which was a minor decrease from the 569 million shares that were traded the day before.
ACCESSCORP was the most active trader, with a noteworthy 103.9 million shares traded.
With 37.9 million shares exchanged, GTCO trailed closely behind.
30.7 million shares were exchanged, indicating that UBA generated a lot of interest from investors.
Furthermore, ZENITHBANK and STERLINGNG accomplished significant trades of 26.1 million and 27.1 million shares, respectively.
The value of trading
GTCO had the highest value at N2.4 billion, followed by ACCESSCORP at N2.2 billion.
The trade values of ARADEL and UBA were N943.8 million and N1.03 billion, respectively, while ZENITHBANK recorded a value of N1.2 billion.
FUGAZ and SWOOTS
When examining the SWOOT category, ARADEL performed exceptionally well, rising by 7.58%, while MTNN saw a 9.16% increase.
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On the FUGAZ side, every stock in this group finished the day higher.
UBA rose 1.77%, ACCESSCORP increased 0.95%, FIRSTHOLD gained 0.20%, ZENITHBANK gained 2.24%, and GTCO increased 2.44%.
prognosis for the market
With its bullish momentum restored, the All-Share Index is once again aiming for the 109,000 level.
Long-term positive movement, especially in large- and mid-cap stocks, may provide the index the boost it needs to cross the 109,000 mark and possibly approach the 110,000 mark.
