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The Nigerian equity market experienced bullish momentum, sweeping n1,812 trillion profits in four days of trading due to the Eid al-Fitr holiday.
The market records profits in the four trading sessions.
Market capitalization increased to N72,275 trillion from N70,463 trillion recorded in the previous week.
Likewise, the All-Share (ASI) index appreciates 2.57% to close the week with 114,616.75 points from 111,742.01 points recorded the previous week.
Nigeria’s equity market began Sunday on Monday, June 2, 2025, with a bullish record when investors received N172.75 billion at the end of the trade session.
The trend continued on Tuesday, June 3, 2025, when investors received N259.48 billion at the end of the trading session.
The market was closed with another profit on Wednesday, June 4, 2025, because investors obtained N223.38BN.
The equity market recorded the biggest profit this week on Thursday, June 5, 2025, when investors obtained N1.16TRN.
Meanwhile, a total turnover of 3,214 billion shares worth N76,348 billion in 64,156 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 3.794 billion shares worth N119,394 billion who exchanged hands last week at 89,636 agreements.
Also read: Tinubu Urges Faith in Reformation, Finding Prayers for Troops in Eid al -Fitr Messages
Financial services (measured by volume) leading the activity chart with 2.313 billion shares worth N52,241 billion traded in 27,326 offers; Thus contributed 71.96% and 68.43% for the total volume and value of each equity turnover.
The ICT industry was followed by 301,996 million shares worth N5,026 billion in 4,137 agreements.
In the third place is the consumer goods industry, with a turnover of 144,538 million shares worth N5,632 billion in 8,093 offers. Trading in the top three equity namely Fidelity Bank PLC, Legend Internet PLC and Guaranty Trust Holding Company PLC (measured by volume) contributed 1.545 billion shares worth N34,446 billion in 4,939 agreements, contributed 48.06% and 45.12% for total turnover volume and the value of each turnover and equity value of each.
Fifty -three (53) equity is valued in prices for a week, lower than fifty -six (56) equity in the previous week. Forty -three (43) equity depreciated in price, lower than forty four (44) in the previous week, while fifty -two (52) equity remained unchanged, higher than forty -eight (48) recorded in the previous week.
Oando PLC recorded the largest increase in stock prices in the percentage, gaining 25.77% followed by Lasaco Assurance PLC which increased its share price by 21.62% in the process.
Multiverse Mining and Exploration PLC also increased its share price by 20.39%.
On the other hand, the PLC -related bus company recorded the largest decline in stock prices based on the percentage, shed 18.64% followed by Julius Berger Nig PLC, which dropped 13.50% of its share price.
Legend Internet PLC also knocked down 13.31% of its share price.
By: Babajide Okeowo
