Overall Market Performance- Tuesday 17th June, 2025
The Nigerian equities market declined again on Tuesday, June 17, 2025, with the NGX All-Share Index (NGXASI) dropping by 0.30%. This brought the Year-to-Date (YTD) gain to 11.37%. The index closed at 114,910.16, down from the previous day’s 115,258.77.
Despite the decline in the index, trading activity increased:
• Volume of shares traded rose by 10.74%, from 683.77 million to 757.19 million units.
• Market turnover (total value of traded shares) also grew by 15.34%, from ₦20.87 billion to ₦24.08 billion, across 21,786 deals.
The market breadth (a measure of market sentiment) showed weakness, with more decliners than gainers:
• 30 stocks advanced, while 38 declined, giving a market breadth ratio of 0.79x.
• Share volumes increased in 62 stocks, while 74 stocks saw a decline in volumes.
Top Gainers (Over the Last 5 Trading Days)
Some stocks stood out for their recent strong performances:
• Fidson Healthcare surged by 183.17% YTD, with a 5-day gain of over 16%.
• Guinea Insurance rose by 14.29% in 5 days, though it’s still down YTD.
• NGX Group, Cornerstone Insurance, LivingTrust Mortgage, and Sky Aviation also posted impressive gains over various periods.
• NewGold ETF rose by 6.17% over 5 days and an impressive 95.17% YTD, likely as investors hedge with gold.
• Prestige Assurance, despite a negative YTD, gained 6.06% over 5 days.
Top Losers (Over the Last 5 Trading Days)
Several big names were hit with sharp declines:
• Oando plunged by 15.58% over five days and nearly 10% in one day.
• Omatek, SterlingNG, and UBA all lost over 10% over the same period.
• AccessCorp dropped by 10.29% and is now down over 16% YTD.
• NNFM, Transcorp Power, and Custodian Investment also featured among the biggest losers.
Daily Gainers
The top daily gainers were:
• Learn Africa (LEARNAFRCA): Gained 10%, closing at ₦4.18.
• C & I Leasing (CILEASING): Also rose 10%, closing at ₦4.62.
• Mutual Benefits (MBENEFIT) and UPL posted close gains of 10% and 9.82%, respectively.
• NewGold ETF continued its upward trajectory with a 9.23% gain, now trading at ₦56,800.
Daily Decliners
• The biggest loser was the VETIVA S&P Nigeria Sovereign Bond ETF, which dropped by 20.51% to close at ₦310.
• Transcorp Power followed closely with a 9.98% decline, now at ₦295.70.
• Oando, Ellah Lakes, and Omatek all recorded losses of nearly 10%.
Technical Signals – Bullish Crossovers
Several stocks are currently trading above their 15-day moving averages, suggesting buying pressure. These stocks include:
• CILEASING, Learn Africa, MBENEFIT, NewGold, Sky Aviation, Prestige Assurance, UPDC, and AIICO Insurance.
• Analysts consider these bullish signals, but recommend further review before taking action.
Technical Signals – Bearish Crossovers
Conversely, some stocks have dropped below their 15-day moving averages, signaling selling pressure. These include:
• Japaul Gold, Omatek, VETGRIF30 ETF, and VETIVA S&P Bond ETF (VSPBONDETF).
• Such signals suggest caution as the price trend might continue downward unless market sentiment shifts.
Currency Market
No changes were observed in the naira-dollar rate. The report mentions parity (1-to-1), which might be a placeholder, error, or indicative of stable forex data for the day.
Unusual Trading Volumes
These stocks traded with significantly higher-than-usual volumes (more than twice their 90-day average):
• Zenith Bank saw a 280% increase in volume.
• GTCO recorded nearly 180% above its average.
• Ecobank (ETI) had a massive 3,045% volume surge.
• Ellah Lakes and First Holdco also showed sharp jumps in trading activity.
Dividend Focused Stocks
Investors looking for regular income are advised to consider high dividend-yield stocks. These provide cash payouts in addition to capital gains. The report encourages further research using the InfoWARE platform.
Technical Charts: 50-Day and 200-Day MAs
• Traders are reminded of the significance of the 50-day and 200-day moving averages:
• If the stock price is above the MA, it’s a bullish trend.
• If it’s below, it suggests a bearish movement.
• Golden Cross (short-term MA crossing above the long-term) and Death Cross (short-term MA crossing below the long-term) are key signals for buying or selling decisions.
FX Reserves vs ASI Chart
The report highlights the importance of monitoring Nigeria’s FX reserves in relation to the NGX All-Share Index. Changes in reserves can significantly impact investor sentiment and market direction, given Nigeria’s dependency on foreign currency inflows.
The Nigerian equities market declined again on Tuesday, June 17, 2025, with the NGX All-Share Index (NGXASI) dropping by 0.30%. This brought the Year-to-Date (YTD) gain to 11.37%. The index closed at 114,910.16, down from the previous day’s 115,258.77.
Despite the decline in the index, trading activity increased:
• Volume of shares traded rose by 10.74%, from 683.77 million to 757.19 million units.
• Market turnover (total value of traded shares) also grew by 15.34%, from ₦20.87 billion to ₦24.08 billion, across 21,786 deals.
The market breadth (a measure of market sentiment) showed weakness, with more decliners than gainers:
• 30 stocks advanced, while 38 declined, giving a market breadth ratio of 0.79x.
• Share volumes increased in 62 stocks, while 74 stocks saw a decline in volumes.
Top Gainers (Over the Last 5 Trading Days)
Some stocks stood out for their recent strong performances:
• Fidson Healthcare surged by 183.17% YTD, with a 5-day gain of over 16%.
• Guinea Insurance rose by 14.29% in 5 days, though it’s still down YTD.
• NGX Group, Cornerstone Insurance, LivingTrust Mortgage, and Sky Aviation also posted impressive gains over various periods.
• NewGold ETF rose by 6.17% over 5 days and an impressive 95.17% YTD, likely as investors hedge with gold.
• Prestige Assurance, despite a negative YTD, gained 6.06% over 5 days.
Top Losers (Over the Last 5 Trading Days)
Several big names were hit with sharp declines:
• Oando plunged by 15.58% over five days and nearly 10% in one day.
• Omatek, SterlingNG, and UBA all lost over 10% over the same period.
• AccessCorp dropped by 10.29% and is now down over 16% YTD.
• NNFM, Transcorp Power, and Custodian Investment also featured among the biggest losers.
Daily Gainers
The top daily gainers were:
• Learn Africa (LEARNAFRCA): Gained 10%, closing at ₦4.18.
• C & I Leasing (CILEASING): Also rose 10%, closing at ₦4.62.
• Mutual Benefits (MBENEFIT) and UPL posted close gains of 10% and 9.82%, respectively.
• NewGold ETF continued its upward trajectory with a 9.23% gain, now trading at ₦56,800.
Daily Decliners
• The biggest loser was the VETIVA S&P Nigeria Sovereign Bond ETF, which dropped by 20.51% to close at ₦310.
• Transcorp Power followed closely with a 9.98% decline, now at ₦295.70.
• Oando, Ellah Lakes, and Omatek all recorded losses of nearly 10%.
Technical Signals – Bullish Crossovers
Several stocks are currently trading above their 15-day moving averages, suggesting buying pressure. These stocks include:
• CILEASING, Learn Africa, MBENEFIT, NewGold, Sky Aviation, Prestige Assurance, UPDC, and AIICO Insurance.
• Analysts consider these bullish signals, but recommend further review before taking action.
Technical Signals – Bearish Crossovers
Conversely, some stocks have dropped below their 15-day moving averages, signaling selling pressure. These include:
• Japaul Gold, Omatek, VETGRIF30 ETF, and VETIVA S&P Bond ETF (VSPBONDETF).
• Such signals suggest caution as the price trend might continue downward unless market sentiment shifts.
Currency Market
No changes were observed in the naira-dollar rate. The report mentions parity (1-to-1), which might be a placeholder, error, or indicative of stable forex data for the day.
Unusual Trading Volumes
These stocks traded with significantly higher-than-usual volumes (more than twice their 90-day average):
• Zenith Bank saw a 280% increase in volume.
• GTCO recorded nearly 180% above its average.
• Ecobank (ETI) had a massive 3,045% volume surge.
• Ellah Lakes and First Holdco also showed sharp jumps in trading activity.
Dividend Focused Stocks
Investors looking for regular income are advised to consider high dividend-yield stocks. These provide cash payouts in addition to capital gains. The report encourages further research using the InfoWARE platform.
Technical Charts: 50-Day and 200-Day MAs
• Traders are reminded of the significance of the 50-day and 200-day moving averages:
• If the stock price is above the MA, it’s a bullish trend.
• If it’s below, it suggests a bearish movement.
• Golden Cross (short-term MA crossing above the long-term) and Death Cross (short-term MA crossing below the long-term) are key signals for buying or selling decisions.
FX Reserves vs ASI Chart
The report highlights the importance of monitoring Nigeria’s FX reserves in relation to the NGX All-Share Index. Changes in reserves can significantly impact investor sentiment and market direction, given Nigeria’s dependency on foreign currency inflows.