By SpringNewsNG Media Limited | June 3, 2025

The Nigerian equities market kicked off the first trading day of the week on a positive trajectory, recording a notable N173 billion increase in market capitalisation. This growth was fueled by renewed investor interest in key large- and mid-cap stocks across major sectors.

According to data from the Nigerian Exchange Limited (NGX), the All-Share Index (ASI) climbed by 284.25 points, representing a 0.25% increase, to close at 112,026.26 compared to 111,742.01 recorded the previous Friday. Consequently, the market capitalisation surged from N70.43 trillion to N70.6 trillion.

Despite the bullish trend in index performance, overall trading activity saw a significant downturn. Total volume of shares traded dropped by 73% to 517.95 million, while the total transaction value fell by 84% to N10.07 billion. The number of deals also dipped by 9% to 17,019 compared to the previous session.

Market breadth ended negative with 23 gainers and 36 losers out of 127 listed equities that exchanged hands during the session.

Top Gainers:

• Multiverse Mining and Exploration led the pack with a 9.87% gain, closing at N8.35.
• Livestock Feeds rose 9.57% to N10.30.
• Lasaco Assurance advanced 8.11% to N2.80.
• Neimeth International Pharmaceuticals gained 8.06% to N3.35.
• Royal Exchange and Wapic Insurance increased by 7.50% and 6.50%, closing at N0.86 and N2.13, respectively.

Top Losers:

• Legend Internet fell by 9.90% to N5.55.
• Secure Electronic Technology declined by 9.84% to N0.55.
• E-Tranzact International dropped 9.56% to N6.15.
• University Press lost 9.32% to N5.35.
• McNichols and Cutix also declined by 7.31% and 6.73%, respectively.

Most Traded Stocks by Volume:

• Fidelity Bank led with 98.8 million shares.
• Royal Exchange followed with 58.4 million shares.
• Access Holdings traded 55.2 million shares.
• Cutix recorded 32.3 million shares.

Sectoral Performance:

• NGX Premium Index gained 0.88%.
• Insurance Index rose 0.85%.
• Pension Index advanced 0.20%.
• However, the Oil and Gas Index dipped 0.24%, while the Industrial Index declined slightly by 0.02%.

The All-Share Index’s year-to-date (YTD) return now stands at 8.84%, showcasing investor confidence despite recent market corrections.

This upward momentum follows a strong close in the previous trading week, where the Nigerian stock market added N1.71 trillion in market capitalisation, reflecting a resurgence in investor optimism.