Nigerian Equities Market Closes Higher – NGX All-Share Index Up by 0.56%
Dear Investor,
The Nigerian stock market continued its bullish momentum today as the NGX All-Share Index (NGXASI) closed at 114,659.11 points, reflecting a gain of 0.56% compared to the previous close of 114,017.48 points. With this increase, the market’s year-to-date return has risen to 11.13%, signaling solid progress so far in 2025.
However, despite the rise in the benchmark index, overall trading activity slowed down. Total trading volume fell by 31.87%, dropping from 646.54 million shares previously to 440.49 million shares today. Similarly, the market turnover, which represents the total value of traded shares, declined by 31.36%, closing at ₦12.93 billion, compared to ₦18.84 billion in the previous session. These trades were recorded across 19,020 deals.
⚖️ Market Breadth Remains Positive, But Narrow
The market breadth—which measures the number of advancing stocks compared to decliners—was slightly positive, at 1.03x. There were 33 gainers and 32 losers, showing a fairly balanced sentiment among investors.
In terms of trading activity, 57 companies saw an increase in volume, while 82 companies experienced reduced volume, hinting at selective investor interest.
Top Performing Stocks Over the Past 5 Days
Several stocks posted impressive gains over the last five trading sessions:
• Stanbic IBTC ETF 30 recorded a consistent 10% increase over the last five days, reflecting a rebound after recent underperformance. Despite being down over 12% this quarter, it has narrowed its year-to-date loss to about 8.5%.
• ABCTRANS (Associated Bus Company Plc) also gained 10% in a single day, pushing its year-to-date return to over 114.6%. However, it’s worth noting that the stock is still down 10.5% month-to-date, showing volatility in recent sessions.
• Beta Glass continued its strong rally, gaining 10% today and over 256% year-to-date—one of the best performers in 2025 so far.
• Berger Paints climbed nearly 10% today, with a notable 24% year-to-date gain, driven by strong sector sentiment.
• Fidson Healthcare joined the gainers’ league with a 9.91% daily gain, up nearly 122% year-to-date, boosted by investor interest in pharmaceutical stocks.
Other notable climbers included Legend International, Ellah Lakes, Caverton Offshore, Oando, and Jaiz Bank, all posting daily gains between 6% and 10%.
Worst Performing Stocks Over the Past 5 Days
On the losing end, some stocks suffered steep declines:
• Meristem Value ETF and Greenwich Asset ETF both plunged by 9.99% today, leading the losers’ table. Meristem ETF is now down 41.4% year-to-date, while Greenwich ETF has shed over 35%.
• Abbey Mortgage Bank fell by 7.5%, but remains up over 85% this year despite short-term profit-taking.
• NCR Nigeria Plc dropped 7.09%, dragging its quarterly performance down by nearly 25%.
• NewGold ETF, which had been performing well earlier in the year, declined by 6.96% today but remains up more than 83% year-to-date.
• Other decliners included Vitafoam, Daar Communications, Nestle Nigeria, Mutual Benefits Assurance, and Cornerstone Insurance, each dropping between 5% and 6%.
Standout Performers Today
ABCTRANS was the top gainer of the day, closing at ₦2.64, after adding 10% to its share price. Stanbic IBTC ETF 30 followed closely, ending the day at ₦337.59, also with a 10% jump. Beta Glass, Berger Paints, and Fidson rounded out the top five with solid gains between 9.9% and 10%.
Conversely, Meristem Value ETF closed at ₦117.00 and Greenwich Asset ETF at ₦344.30, both losing nearly 10%. Abbey Mortgage, NCR, and NewGold ETF also ended the day in the red.
Dear Investor,
The Nigerian stock market continued its bullish momentum today as the NGX All-Share Index (NGXASI) closed at 114,659.11 points, reflecting a gain of 0.56% compared to the previous close of 114,017.48 points. With this increase, the market’s year-to-date return has risen to 11.13%, signaling solid progress so far in 2025.
However, despite the rise in the benchmark index, overall trading activity slowed down. Total trading volume fell by 31.87%, dropping from 646.54 million shares previously to 440.49 million shares today. Similarly, the market turnover, which represents the total value of traded shares, declined by 31.36%, closing at ₦12.93 billion, compared to ₦18.84 billion in the previous session. These trades were recorded across 19,020 deals.
⚖️ Market Breadth Remains Positive, But Narrow
The market breadth—which measures the number of advancing stocks compared to decliners—was slightly positive, at 1.03x. There were 33 gainers and 32 losers, showing a fairly balanced sentiment among investors.
In terms of trading activity, 57 companies saw an increase in volume, while 82 companies experienced reduced volume, hinting at selective investor interest.
Top Performing Stocks Over the Past 5 Days
Several stocks posted impressive gains over the last five trading sessions:
• Stanbic IBTC ETF 30 recorded a consistent 10% increase over the last five days, reflecting a rebound after recent underperformance. Despite being down over 12% this quarter, it has narrowed its year-to-date loss to about 8.5%.
• ABCTRANS (Associated Bus Company Plc) also gained 10% in a single day, pushing its year-to-date return to over 114.6%. However, it’s worth noting that the stock is still down 10.5% month-to-date, showing volatility in recent sessions.
• Beta Glass continued its strong rally, gaining 10% today and over 256% year-to-date—one of the best performers in 2025 so far.
• Berger Paints climbed nearly 10% today, with a notable 24% year-to-date gain, driven by strong sector sentiment.
• Fidson Healthcare joined the gainers’ league with a 9.91% daily gain, up nearly 122% year-to-date, boosted by investor interest in pharmaceutical stocks.
Other notable climbers included Legend International, Ellah Lakes, Caverton Offshore, Oando, and Jaiz Bank, all posting daily gains between 6% and 10%.
Worst Performing Stocks Over the Past 5 Days
On the losing end, some stocks suffered steep declines:
• Meristem Value ETF and Greenwich Asset ETF both plunged by 9.99% today, leading the losers’ table. Meristem ETF is now down 41.4% year-to-date, while Greenwich ETF has shed over 35%.
• Abbey Mortgage Bank fell by 7.5%, but remains up over 85% this year despite short-term profit-taking.
• NCR Nigeria Plc dropped 7.09%, dragging its quarterly performance down by nearly 25%.
• NewGold ETF, which had been performing well earlier in the year, declined by 6.96% today but remains up more than 83% year-to-date.
• Other decliners included Vitafoam, Daar Communications, Nestle Nigeria, Mutual Benefits Assurance, and Cornerstone Insurance, each dropping between 5% and 6%.
Standout Performers Today
ABCTRANS was the top gainer of the day, closing at ₦2.64, after adding 10% to its share price. Stanbic IBTC ETF 30 followed closely, ending the day at ₦337.59, also with a 10% jump. Beta Glass, Berger Paints, and Fidson rounded out the top five with solid gains between 9.9% and 10%.
Conversely, Meristem Value ETF closed at ₦117.00 and Greenwich Asset ETF at ₦344.30, both losing nearly 10%. Abbey Mortgage, NCR, and NewGold ETF also ended the day in the red.