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 thus far this yr.
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 consistent with value good points, growing to N72.2 trillion from the earlier week’s N70.4 trillion.
- Fifty-three (53) equities appreciated in value through 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 through 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 good points beneath 6%.
The NGX 30 Index superior by 2.45%, whereas the NGX Primary 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 good points 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 good points of over 19% in each LASACO ASSURANCE and CORNERSTONE INSURANCE.
- The NGX Oil and Gasoline Index additionally posted progress, 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%.
High 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
High 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 lively, with a number of key bulletins attracting investor consideration:
- Oando launched its audited monetary statements for the complete yr 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 classes.
Continued power in mid- and large-cap shares has fueled the latest surge, and this momentum might carry the index larger, offered the market is just not seen as overbought.
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