Weekly Market Wrap: Premium shares lead rally as All-Share Index hits N72 trillion cap, banking sector shines 

The Nigerian equities market, as tracked by the All-Share Index (ASI), closed the buying and selling week ended June 5, 2025, in constructive territory, gaining 2,874.74 factors, pushed largely by sturdy performances in premium shares.

This represents a 2.57% improve, with the index advancing from a gap degree of 111,742.01 to shut at 114,616.75, its strongest weekly efficiency up to now this 12 months.

Though buying and selling quantity dipped by 20%, exercise remained strong, with over 3 billion shares traded, closing the week at a complete quantity of three.02 billion shares.

Market capitalization rose according to value positive aspects, growing to N72.2 trillion from the earlier week’s N70.4 trillion.

• Fifty-three (53) equities appreciated in value throughout the week, decrease than fifty-six (56) within the earlier week.
• Forty-three (43) equities depreciated in value, down from forty-four (44) the earlier week, whereas fifty-two (52) equities remained unchanged

Key highlights 

The NGX Premium Index recorded a 5.91% achieve throughout the week, supported by notable value will increase in FIRSTHOLDCO and MTNN, which rose by 17.60% and 13.96%, respectively. ACCESSCORP, UBA, and ZENITH BANK additionally contributed with positive aspects under 6%.

The NGX 30 Index superior by 2.45%, whereas the NGX Essential Board Index ended the week with a 0.93% improve.

Sector efficiency

• The NGX Banking Index led the sectoral indices with a 4.69% rise, pushed by a 17.60% surge in FIRSTHOLDCO and positive aspects of below 6% in ACCESSCORP, WEMA BANK, UBA, and ZENITH BANK.
• Insurance coverage got here subsequent, because the NGX Insurance coverage Index superior 3.36%, largely reflecting sturdy positive aspects of over 19% in each LASACO ASSURANCE and CORNERSTONE INSURANCE.
• The NGX Oil and Gasoline Index additionally posted development, up by 3.33%, fueled by a 25.77% rise in OANDO and a 3.77% achieve in ARADEL.
• In the meantime, the NGX Shopper Items Index rose by 2.33%, primarily pushed by a 12% improve in INTERNATIONAL BREWERIES, whereas the NGX Industrial Items Index edged up by 1.18%.

Prime gainers 

Main the cost amongst gainers was OANDO PLC, which surged by 25.77% month-to-date, adopted by LASACO ASSURANCE PLC at 21.62%. Different notable gainers included:

• MULTIVERSE MINING AND EXPLORATION PLC: up 20.39%, N9.15
• CORNERSTONE INSURANCE PLC: up 19.51%, N3.92
• FIRST HOLDCO PLC: up 17.60%, N29.40
• MAY & BAKER NIGERIA PLC: up 16.95%, N13.80
• FIDSON HEALTHCARE PLC: up 14.18%, N31.80
• MTN NIGERIA COMMUNICATIONS PLC: up 13.96%, N319.20
• CHAMPION BREW. PLC: up 13.24%, N7.70
• INTERNATIONAL BREWERIES PLC: up 12.89%, N10.95

Prime losers 

On the losers’ desk was ASSOCIATED BUS COMPANY PLC, which declined by 18.64% month-to-date, adopted by JULIUS BERGER NIG. PLC at 13.50%. Different notable losers included:

• LEGEND INTERNET PLC: down 13.31%, N5.34
• LIVESTOCK FEEDS PLC: down 12.23%, N8.25
• E-TRANZACT INTERNATIONAL PLC: down 11.76%, N6.00
• LEARN AFRICA PLC: down 10.67%, N3.85
• CONOIL PLC: down 10.00%, N268.30
• NORTHERN NIGERIA FLOUR MILLS PLC: down 9.97%, N125.05
• TRANSCORP HOTELS PLC: down 9.97%, N132.80
• CUTIX PLC: down 9.94%, N3.08

Company actions overview 

This week, the company panorama remained energetic, with a number of key bulletins attracting investor consideration:

• Oando launched its audited monetary statements for the total 12 months 2024.
• Cornerstone Insurance coverage printed its first-quarter monetary assertion for 2025.
• Oando additionally introduced a $375 million capital injection from Afreximbank and Mercuria.
• Northern Nigerian Flour Mills declared a 25 kobo dividend.
• Greif Nigeria introduced the completion of its tax obligations, paving the best way for the third stage of delisting from the NGX.

Market outlook 

The All-Share Index is holding regular above the 114,000 mark and seems to be inching towards the 115,000 degree within the coming periods.

Continued energy in mid- and large-cap shares has fueled the current surge, and this momentum may carry the index greater, supplied the market shouldn’t be considered as overbought.