Stock market closes week with N175bn gain

The Nigerian stock market continued its bullish trend on Friday, June 20, 2025, ending the week with a N175 billion gain.

The market capitalisation rose by N175 billion, or 0.24 per cent, to close at N74.533 trillion, up from N74.358 trillion recorded on Thursday.

The All-Share Index (ASI) also increased by 277.09 points, or 0.24 per cent, settling at 118,138.22 from its previous close of 117,861.13.

This uptrend was fueled by strong buying interest in medium and large-capitalised stocks, including Legend Internet, Ellah Lakes, Champion Breweries, Guinea Insurance, and 33 others.

The market breadth closed positively with 37 gainers and 27 losers.

Legend Internet led the advancers chart, gaining by 10 per cent, closing at N7.92, while Ellah Lakes rose by 9.90 per cent, settling at N5.33 per share

Champion Breweries rose by 9.63 per cent, finishing at N8.20, and Guinea Insurance increased by 8.70 per cent, ending the session at 75k per share.

ETranzact soared by 7.52 per cent, closing at N7.15 per share.

Naira appreciates against dollar at official market

On the flip side, Sunu Assurances shed by 8.62 per cent, ending the session at N4.56, while Northern Nigeria Flour Mills dropped by 8 per cent, closing at N93.20 per share.

Thomas Wyatt Nigeria fell by 7.83 per cent, settling at N2, and Livestock Feeds declined by 6.90 per cent, finishing at N8.10 per share.

NEM Insurance also decreased by 5.03 per cent, closing at N17.00 per share.

A total of 522.81 million shares worth N19.68 billion were exchanged across 17,706 transactions.

This is compared to 893.97 million shares worth N22.03 billion that were traded across 17,257 deals.

Transactions in the shares of Fidelity Bank topped the activity chart with 38.29 million shares worth N741.49 million.

Computer Warehouse Group followed with 24.99 million shares valued at N230.83 million, while Zenith Bank sold 24.85 million shares worth N1.23 billion.

WAPIC transacted 24.36 million shares valued at N48.74, and Access Corporation sold 23.56 million shares worth N517.91 million.

The Star