Nigerian Stock Market Surges as All-Share Index Crosses 108,000 Mark
The Nigerian equities market witnessed a significant rally on May 6, 2025, with the All-Share Index (ASI) climbing by 1,662.60 points to close at 108,361.10—a 1.56% increase from the previous day’s close of 106,698.50.
Key Drivers of Market Growth
This bullish performance was fueled by strong showings from major stocks, including MTN Nigeria (up 9.2%) and Aradel Holdings (up 7.6%). The market capitalization also rose to N68.1 trillion from N67.06 trillion, reflecting growing investor confidence.
Top Performers and Decliners
Leading the gainers were ECOBANK, Northern Nigeria Flour Mills, and Nestlé, all hitting the daily maximum 10% growth limit. Conversely, Guinea Insurance and DAAR Communications led the decliners, dropping 8.70% and 6.78%, respectively.
Market Snapshot
- ASI Close: 108,361.10 (+1.56%)
- Year-to-Date: +5.28%
- Trading Volume: 475.4 million shares
- Market Cap: N68.1 trillion
Top 5 Gainers
- ETI: +10.00% to N25.85
- NNFM: +10.00% to N82.50
- NESTLE: +10.00% to N1,210.00
- BETAGLAS: +9.98% to N132.80
- AUSTINLAZ: +9.94% to N1.88
Top 5 Losers
- GUINEAINS: -8.70% to N0.63
- DAARCOMM: -6.78% to N0.55
- VFDGROUP: -6.59% to N17.00
- WAPIC: -6.07% to N2.01
- REGALINS: -4.69% to N0.61
Trading Activity Highlights
Despite the positive momentum, trading volume dipped slightly to 475.4 million shares from 569 million the previous day. Access Corporation dominated activity with 103.9 million shares traded, followed by GTCO (37.9 million) and UBA (30.7 million).
Top Stocks by Value
- GTCO: N2.4 billion
- Access Corporation: N2.2 billion
- Zenith Bank: N1.2 billion
SWOOT and FUGAZ Performance
Aradel Holdings (7.58%) and MTN Nigeria (9.16%) led the SWOOT category. All FUGAZ banks closed positive, with GTCO (+2.44%) and Zenith Bank (+2.24%) showing strong gains.
Market Outlook
The ASI’s bullish momentum suggests potential to breach the 109,000 mark soon. Continued strength in large-cap stocks could propel the index toward 110,000 in the near term.