Stock market trades N10.37bn shares amid bullish trend

The Nigerian stock market transacted 328.257 million shares worth N10.370 billion in 12,142 deals on Thursday, April 24, 2025.

This was in contrast with 744.802 million shares worth N18.284 billion that were traded across 11,226 transactions earlier.

Transactions in the shares of Access Corporation topped the activity chart with 48.502 million shares worth N1.162 billion.

Fidelity Bank followed with 40.384 million shares valued at N801.82 million, while Guaranty Trust Holding Company transacted 17.10 million shares worth N1.043 billion.

CHAMS Plc sold 13.74 million shares valued at N30.05 million, and Zenith Bank traded 12.301 million shares worth N556.184 million.

Meanwhile, the stock market on Thursday continued on a bullish trend, gaining N508 billion, with mixed performance indices.

The market capitalisation rose by N508 billion or 0.77per cent to close at N66.667 trillion, compared with N66.159 trillion posted on Wednesday.

The All-Share Index (ASI) also increased by 790.59 points or 0.75 per cent, to settle at 106,074.26 from N105,286.67 earlier recorded.

The uptrend was driven by strong buying interest in capitalised stocks like Access Corporation, Fidelity Bank, and Guaranty Trust Holding Company, and among others.

$1bn fraud: Court grants EFCC’s request to arrest 6 CBEX officials

The Nigerian Exchange Limited (NGX) breadth also closed positively with 45 gainers and 15 losers

On the gainers’ chart, Cadbury soared by 10 per cent to close at N24.20, while Eterna also rose by 10 per cent to close at N36.30 per share.

Ikeja Hotel gained by 10 per cent, closing at N11.00 and WAPCO also grew by 10 per cent to close at N79.20 per share.

Nestle also increased by 10 per cent to close at N1,100 per share.

On the losers’ chart, John Holt declined by 10 per cent, closing at N6.30, while Haldane McCall Plc dropped by 9.96 per cent to close at N4.70 per share.

Multiverse Mining fell by 9.83 per cent to close at N7.80 and Guinea Insurance lost by 8.57 per cent to close at 64k per share.

Ja Paul Gold declined by 6.19 per cent to close at N1.97 per share.

The Star