DAARCOMM, Two Others Gain 10% as All-Share Index Declines; GTCO Leads Market in Value

The Nigerian Exchange closed lower on Monday, June 10, 2025, as the All-Share Index (ASI) fell by 599.27 points, representing a 0.52% drop, to close at 114,017.48 from the previous day’s 114,616.75. The market capitalisation also declined, settling at N71.8 trillion, down from N72.2 trillion. The loss was largely driven by sell-offs in heavyweight stocks such as Dangote Cement, Aradel Holdings, and MTN Nigeria.

Despite the overall market dip, three companies—DAAR Communications (DAARCOMM), Berger Paints, and ETranzact—recorded the day’s top gains, each appreciating by 10%. DAARCOMM saw its stock price rise to N0.66 per share, while the other two also closed at their respective upper limits.

Trading activity slowed compared to the previous session, with total volume traded declining to 646.5 million units from 1.28 billion units. Nonetheless, GTCO emerged as the leader in value turnover, recording N3.3 billion in trades. It was followed by Zenith Bank with N2.5 billion and Access Holdings with N1.9 billion. In terms of volume, GTCO, Access Holdings, and Zenith Bank were also among the most actively traded stocks.

Analysts noted that while the market experienced a slight pullback, the index’s current level above 114,000 suggests potential for recovery if investor confidence in large-cap stocks returns. The performance of top gainers and active trading in leading banking stocks reflect ongoing investor interest in select sectors, even as the broader market undergoes a correction.