Stock market records N20bn gain

The stock market recorded a positive trend on Tuesday, May 20, 2025, after a day of bearish notes, as key performance indicators soared by 0.03 per cent.

The Nigerian Exchange Limited (NGX) market capitalisation increased by N20 billion or 0.03 per cent, to N68.965 trillion from N68.945 trillion recorded on Monday.

The All-Share Index also grew by 0.03 per cent, or 32.64 points, to close at 109,730.47, up from 109,697.83 posted on Monday.

The uptrend was driven by cautious trading following the outcome of the 300th meeting of the Monetary Policy Committee (MPC) held on Monday and Tuesday.

Meanwhile, the market breadth closed negatively, with 32 losers and 31 gainers.

On the losers’ chart, Berger dropped by 9.98 per cent, closing at N21.20, while Mutual Benefits Assurance shed 9.80 per cent, settling at 92 kobo per share.

ABC fell by 9.77 per cent, ending the session at N2.40, and Aradel Holdings Plc declined by 8.55 per cent, closing at N460 per share.

Caverton Offshore Support Group also lost 7.09 per cent, finishing at N3.80 per share.

CBN retains interest rate at 27.5%

On the gainers’ chart, Nestle grew by 10 per cent, settling at N1,464.10, while Regalins also rose by 10 per cent, closing at 66 kobo per share.

Tripple G increased by 10 per cent, finishing at N2.20, and Tantalizer soared by 9.88 per cent, settling at N2.78 per share.

Multiverse Mining gained 9.60 per cent, closing at N9.70 per share.

A total of 497.06 million shares worth N13.213 billion were exchanged across 18,795 transactions.

This compares to 486.09 million shares worth N11.38 billion that were traded across 24,883 deals on Monday.

Transactions in the shares of Fidelity Bank topped the activity chart with 60.18 million shares worth N1.120 billion.

The United Bank for Africa (UBA) followed with 36.39 million shares valued at N1.26 billion, while Custodian Insurance sold 35.64 million shares worth N698.80 million.

Tantalizer traded 27.59 million shares valued at N76.43 million, and United Capital transacted 26.74 million shares worth N496.39 million.

The Star