THE NIGERIAN STOCK MARKET REVIEW
The Nigerian stock market concluded the week ending May 16, 2025, on a positive trajectory, with the NGX All-Share Index (ASI) rising by 0.90% to close at 109,710.37 points. This performance elevated the year-to-date gain to 6.59%, while market capitalization increased by ₦614 billion, reaching ₦68.9 trillion .
Market Activity Overview
Trading Volume and Value: Investors traded a total of 2.606 billion shares valued at ₦63.785 billion across 77,593 deals. This represented a slight decrease from the previous week’s 2.645 billion shares worth ₦77.005 billion in 86,110 deals .
Top Traded Equities: The most active stocks by volume were FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc, collectively accounting for 600.684 million shares valued at ₦6.570 billion, which is 23.05% of the total equity turnover volume and 10.30% of the value.
Sector Performance
Consumer Goods: The NGX Consumer Goods Index led sectoral gains with a 4.08% increase, driven by significant rallies in companies like Champion Breweries and Northern Nigerian Flour Mills, both of which appreciated over 30% .
Insurance and Banking: The NGX Insurance Index rose by 2.47%, while the NGX Banking Index advanced by 1.19%, reflecting continued investor interest in these sectors .
Other Sectors: The NGX Oil & Gas Index and the NGX Industrial Goods Index posted modest gains of 0.66% and 0.13%, respectively .
Market Breadth and Investor Sentiment
Market breadth was positive, with 61 equities appreciating in price, 31 declining, and 56 remaining unchanged. This suggests a broad-based investor confidence across various sectors .
The positive market sentiment was bolstered by expectations surrounding the upcoming Central Bank of Nigeria’s Monetary Policy Committee meeting and the anticipated release of Nigeria’s Q1 2025 GDP figures.
Outlook
The sustained upward momentum in the NGX All-Share Index, coupled with sectoral gains and positive investor sentiment, indicates a bullish outlook for the Nigerian stock market in the near term. However, investors are advised to remain cautious and monitor macroeconomic indicators and corporate earnings reports that could influence market dynamics.
For a visual summary of the market’s performance, you may find the following video insightful:
