Lagos, March 25, 2025 – The Nigerian stock market sustained its upward momentum on Tuesday, recording a 0.04% gain, translating to an N26 billion increase in market capitalization.
Thank you for reading this post, don't forget to subscribe!The Nigerian Exchange Ltd. (NGX) saw its market capitalization rise to N66.214 trillion from Monday’s N66.188 trillion, while the All-Share Index (ASI) inched up by 41.89 points to close at 105,593.28.
Market sentiment remained positive, with 25 stocks gaining and 21 declining.
Top Gainers:
• May Baker Nigeria soared 10% to N8.80.
• Mutual Benefits Assurance climbed 9.59% to 80 kobo.
• eTranzact International advanced 9.38% to N5.25.
• Abbey Mortgage Bank jumped 8.86% to N4.30.
• Consolidated Hallmark Holdings gained 8.79% to N3.59.
Top Losers:
• Eterna led the decline, shedding 9.21% to N34.50.
• Royal Exchange dropped 7.95% to 81 kobo.
• Veritas Kapital Assurance fell 5.98% to N1.10.
• WAPIC Insurance declined 5.88% to N2.24.
• Oando slid 5.66% to N50.00.
Trading Activity:
Investors exchanged 349.33 million shares worth N15.075 billion across 12,450 deals, compared to Monday’s 440.52 million shares valued at N10.470 billion over 13,314 deals.
Most Traded Stocks:
• Access Corporation led with 36.596 million shares worth N810.888 million.
• UBA followed with 26.538 million shares valued at N1.003 billion.
• Universal Insurance traded 22.021 million shares worth N12.808 million.
• Fidelity Bank saw 20.485 million shares valued at N380.598 million.
• Zenith Bank recorded 20.137 million shares worth N970.325 million.
The market’s resilience reflects sustained investor confidence amid evolving economic conditions. Analysts remain cautiously optimistic about further gains in the coming trading sessions.
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