NGX: The equity market continues to increase because investors get the N257BN

The Nigeria Equity Market closed trade on Thursday, May 15, 2025 with N257 billion profit for the investment community to continue the intentions obtained yesterday.

This follows the surge in stock prices such as Honeywell Flours PLC (Honyflour), Nestle PLC (Nestle) and Beta Glass Company (Betaglas) among others on the trading floor.

The Benchmark All-Share Index (ASI) increased to 109,467.64 points from 109,059.33 points recorded on the previous trading day.

After five hours of trading in the capital market, equity capitalization increased to N68,800 trillion from N68,543 trillion recorded by the exchange on Wednesday, May 14, 2025.

The extent of the positive market because 36 shares advanced, 23 shares declined, and 61 shares remained unchanged in 14,743 agreements.

Honeywell Flours PLC (Honyflour), Nestle PLC (Nestle) and Beta Glass Company (Betaglas) leads other growth with 10%, 10% and 9.98% growth in prices closed at N16.50, N1331.00 and N213.70 from N15.00, N1210.00 and N194.3.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

Multiverse Mining & Exploration (Multiverse), Wapic Insurance (WAPIC) and Lasaco Assurance (Lasaco) LED Other Price Decliners with 9.64%, 4.74% and 4.53% decline each in Share Prices to Close at N8.90, N2.01 and N2.32 from the Previous N9.85 N2.11 and N2.43 per Share.

In the volume index, the FCMB Group PLC (FCMB) led trade with 272 million shares in 238 agreements, followed by Fidelity Bank (Fidelititybk) traded by 40 million shares in 559 agreements.

Caverton Offshore Support Group (Caverton) trading 34 million shares in 549 agreements.

In the value index, MTN Nigeria (MTNN) appeared as the top stock traded, collecting N3.4 billion in 564 agreements, followed by FCMB Group PLC (FCMB) which trades equity worth N2.5 billion in 249 offers.

Zenith Bank PLC (Zenithbank) traded shares worth N1.1 billion in 338 agreements.

By: Babajide Okeowo

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