close
Friday, June 6, 2025

Stock market closes week bullish with N1.157 trillion gain

Market capitalisation rose by N1.157 trillion, or 1.63 per cent, to close at N72.275 trillion, up from N71.118 trillion recorded on Wednesday.

• June 5, 2025
Trading floor
Trading floor

The Nigerian stock market continued its bullish trend on Thursday, ending the week with a N1.157 trillion gain.

Market capitalisation rose by N1.157 trillion, or 1.63 per cent, to close at N72.275 trillion, up from N71.118 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) rose by 1,835.02 points, or 1.63 per cent, settling at 114,616.75 from its previous close of 112,781.73.

This uptrend was fuelled by strong buying interest in medium- and large-capitalised stocks, including Champion Breweries, NGX Group, MTN Nigeria, Oando, and 37 other equities.

The market breadth closed positive, with 41 gainers and 22 losers.

On the gainers’ chart, Champion Breweries grew by 10 per cent, closing at N7.70, while the Nigerian Exchange Group also increased by 10 per cent, settling at N39.60 per share.

MTN Nigeria rose by 9.99 per cent, ending the session at N319.20, and Oando soared by 9.96 per cent, closing at N56.85 per share.

Also, Morison Industries climbed by 9.90 per cent, finishing at N3.22 per share.

On the flip side, Northern Nigeria Flour Mills dropped by 9.97 per cent, closing at N125.05, while ABC Transport lost by 9.77 per cent, finishing at N2.40 per share.

Legend Internet fell by 9.49 per cent, settling at N5.34, and Livestock Feeds shed by 7.82 per cent, ending the session at N8.25 per share.

Similarly, Omatek Ventures declined by 7.59 per cent, closing at 73k per share.

A total of 1.46 million shares worth N33.47 billion were exchanged across 16,410 transactions. This is compared to 611.53 million shares worth N16.68 billion traded across 13,682 transactions earlier.

Transactions in the shares of Fidelity Bank topped the activity chart with 829.72 million shares worth N15.97 billion.

Legend Internet followed with 180.30 million, valued at N1.02 billion, while Zenith Bank sold 62.82 million shares worth N3.13 billion.

JaPaul Gold traded 34.84 million shares valued at N69.60 million, and Guaranty Trust Holding Company transacted 30.91 million shares worth N2.16 billion.

(NAN) 

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Mutfwang with Mary Lar

Politics

Mutfwang commend Lar for pioneering nomadic education in Nigeria

“She pioneered nomadic education in Nigeria by conceptualising the National Commission for Nomadic Education, which was established in 1989,” said the governor.

Governor of Borno state, Babagana Zulum

Faith

Zulum felicitates Muslims, pledges greater sacrifices for lasting peace

The governor reaffirmed that his administration would not relent until total peace is restored across every part of Borno.

Federal High Court in Lagos State

Rights

Federal high courts end manual filing in Lagos division June 20

To ensure a seamless transition, all legal practitioners are required to obtain their legal mail accounts before the go-live date, noted the court.

Peter Mbah

States

Gov Mbah promises to support road safety initiatives

Mr Mbah gave the assurance in an address at the 2025 National Workshop for Driving School Proprietors and Instructors held in Enugu on Thursday.

Israeli-Gaza war

World

Israel-Palestine War: UN chief urges world leaders to revive two-state solution

“It is absolutely essential to keep alive the two-state solution perspective with all the terrible things we are witnessing in Gaza and the West Bank,” said the UN chief.

President Bola Tinubu

Economy

Tinubu vows to spend more money on infrastructure; hails Lagos-Calabar, Sokoto-Badagry highway construction

President Bola Tinubu states that more funds will be committed to infrastructure development across the country.