Equity Market Gains with Surge in Trading Activity

The Nigerian Stock Exchange (NGX) All-Share Index (ASI), which monitors the general market movement of all listed equities, experienced a notable increase on February 5, 2025.

The ASI rose by 536.54 points (0.51%) to close at 105,324.89, marking a 1-week gain of 0.74%, a 4-week gain of 1.05%, and a year-to-date gain of 2.33%.

Today’s trading session witnessed a robust activity, with a total of 1,057,239,989 shares exchanged in 15,080 deals, amounting to a market value of NGN 28,812,231,747.99. This reflects a 124% increase in volume, a 45% rise in turnover, and a 3% improvement in deals compared to the previous day. The current market capitalization stands at NGN 65.2 trillion.

A total of 126 equities participated in trading, with 37 gainers and 21 losers. Leading the gainers was Guinea Insurance, which saw a 10% increase, closing at NGN 0.88 per share. Eterna, Cadbury Nigeria, and International Energy Insurance also performed well, with gains of 9.96%, 9.95%, and 9.91%, respectively. On the losing side, May & Baker Nigeria recorded a 9.88% decline, closing at NGN 7.75 per share. Other notable decliners included Academy Press (-9.33%), Thomas Wyatt Nigeria (-9.31%), and Deap Capital Management & Trust (-6.8%).

Access Holdings had the highest volume of traded shares at 473 million, followed by FBN Holdings (99.1 million), UAC of Nigeria (46.4 million), and Zenith Bank (44.7 million).

Among the other indices, the NGX Top 30 Index increased by 0.5%, the NGX Banking Index rose by 3.17%, and the NGX Pension Index climbed by 1.3%. The NGX Premium Index saw a gain of 1.05%, while the NGX Oil & Gas Index and NGX Main Board Index increased by 0.31% and 0.24%, respectively.

These positive performances reflect continued investor confidence and robust market activity, indicating a healthy outlook for the Nigerian stock market.