Stock market investors gain N1.045trn

The Nigerian stock market continued on a bullish trend with a gain of N1.045 trillion on Tuesday, May 6, 2025.

The market capitalisation rose by N1.045 trillion or 1.56 per cent to close at N68.105 trillion, compared with N67.060 trillion posted on Monday.

The All-Share Index (ASI) also increased by 1,662.60 points or 1.56 per cent, to settle at 108,361.10 from N106,698.50 earlier recorded.

The uptrend was driven by strong buying interest in medium and large capitalised stocks, including Access Corporation, Guaranty Trust Holding Company, and the United Bank for Africa, among others.

Meanwhile, the market breadth closed positively with 42 gainers and 25 losers.

On the gainers’ chart, Ecobank Transnational Corporation grew by 10 per cent to close at N25.85, while Northern Nigeria Flour Mills also rose by 10 per cent, settling at N82.50 per share.

$400m steel factory set to commence operation, employ 6,500 workers in Ogun

Nestle Nigeria soared by 10 per cent, finishing at N1,210, and Beta Glass gained by 9.98 per cent, closing at N132.80 per share.

Similarly, Austinlaz increased by 9.94 per cent to close at N1.88 per share.

On the losers’ chart, Guinea Insurance declined by 8.70 per cent, ending the session at 63k, while DAAR Communications fell by 6.78 per cent, settling at 55k per share.

VFD Group dropped by 6.59 per cent, closing at N17.00, and WAPIC Insurance decreased by 6.07 per cent, closing at N2.01 per share.

Regalins also shed by 4.69 per cent, to close at 61k per share.

A total of 475.46 million shares worth N13.899 billion were exchanged across 17,575 transactions.

This is compared to 569.041 million shares worth N18.934 billion that were exchanged across 18,612 deals earlier.

Transactions in the shares of Access Corporation topped the activity chart with 103.92 million shares worth N2.2 billion.

Guaranty Trust Holding Company followed with 37.99 million shares valued at N2.422 billion, while the United Bank for Africa sold 30.73 million shares worth N1.04 billion.

Sterling Bank Nigeria traded 27.176 million shares valued at N147.24 million, and Zenith Bank transacted 26.18 million shares worth N1.234 billion.

The Star