BREAKING: All-Share Index Rebounds to 108,000 as Nigeria’s Third-Largest Stock Jumps Over 9%; Ecobank Tops Gainers
On the trading day ending May 6, 2025, the Nigerian stock market, as measured by the All-Share Index (ASI), saw a significant rise, closing at 108,361.10 after increasing 1,662.60 points.
As it approaches the 109,000 barrier, this rise helped the index surpass the psychological benchmarks of 107,000 and 108,000.
Strong performances by large-cap stocks, particularly MTN Nigeria, the fourth most valuable listed business on the exchange, and Aradel Holdings, which increased by 9.2% and 7.6%, respectively, drove the 1.56% gain from the previous close of 106,698.50.
Trading volume decreased somewhat to 475.4 million shares from 569 million the day before, despite the upward momentum.
However, overall market capitalization increased from N67.06 trillion to N68.1 trillion over 17,575 transactions as a result of the spike in share prices.
With daily advances of little more than 10%, ECOBANK, NORTHERN NIGERIA FLOUR MILLS, and NESTLÉ led the charge among the top gainers.
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Conversely, DAARCOMM and GUINEAINS were the biggest laggards, falling by 6.78% and 8.70%, respectively.
The two stocks that saw the most trading activity during the day were ACCESSCORP and GTCO, which dominated the turnover.
An overview of the market
108,361.10 is the current ASI; 106,698.50 was the previous ASI.
Change of Day: +1.56%
Performance so far this year: +5.28%
Trading volume: 475.4 million shares
Cap of the Market: N68.1 trillion
The top five gainers
ETI: Increased by 10% to N25.85 NNFM: Increased by 10% to N82.50
NESTLE: 10% more than N1,210.00
BETAGLAS: 9.98% higher at N132.80
AUSTINLAZ: 9.94% higher at N1.88
The top five losers
GUINEAINS: 8.70% lower at N0.63
DAARCOMM: N0.55 down 6.78%
VFDGROUP: N17.00, down 6.59%
WAPIC: N2.01 down 6.07%
REGALINS: N0.61 down 4.69%
Volume of trades
The volume of shares traded each day was 475.4 million, which was a minor decrease from the 569 million shares traded the day before.
With a noteworthy 103.9 million shares traded, ACCESSCORP was the trading activity leader.
With 37.9 million shares traded, GTCO came in second.
UBA attracted significant investor interest, with 30.7 million shares changing hands.
Furthermore, significant trades of 27.1 million and 26.1 million shares were made by STERLINGNG and ZENITHBANK, respectively.
Value of trade
With N2.4 billion, GTCO was the most valuable company, followed by ACCESSCORP with N2.2 billion.
ARADEL’s trading value was N943.8 million, UBA’s was N1.03 billion, and ZENITHBANK’s was N1.2 billion.
FUGAZ and SWOOTs
ARADEL performed exceptionally well in the SWOOT category analysis, rising by 7.58%, while MTNN saw a 9.16% jump.
Every stock in this category ended the day higher on the FUGAZ side.
The following stocks saw increases: ZENITHBANK (2.24%), GTCO (2.44%), UBA (1.77%), ACCESSCORP (0.95%), and FIRSTHOLD (0.20%).
Outlook for the market
The All-Share Index is once again aiming for the 109,000 milestone after regaining its bullish momentum.
Continued higher activity, particularly in mid- and large-cap companies, might provide the surge needed to propel the index past the 109,000 threshold—and potentially toward the 110,000 mark in the near term.
