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Business News

ASI gains 0.46%, as OANDO and CHELLARAM lead daily advancers 

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The Nigerian All Share Index (ASI) closed the trading day ended 13th May 2025 in the green, rising by 501.13 points to close at 108,762.60.

This represents a 0.46% increase compared to the previous day’s close of 108,261.47, accompanied by a rise in market volume.

Daily trading volume increased to 498.4 million, up by 20.2% compared to 414.3 million shares exchanged the previous day.

Market capitalization grew to N68.3 trillion across 14,916 deals, compared to N68.04 trillion recorded the previous day.

Leading the gainers chart, CHELLARAM and OANDO appreciated by 10.00% each.

On the flip side, HMCALL and ACADEMY declined by 9.85% and 7.33% respectively. In terms of trading volume, TANTALIZER and ACCESSCORP were the most actively traded stocks.

Daily trading volume surged to 498.4 million shares, marking a 20.2% increase from the 414.3 million shares exchanged in the previous session.

Among the SWOOTs (Stocks Worth Over One Trillion):

Within the FUGAZ banking group: 

The All-Share Index appears to be making a gradual attempt to reclaim the 109,000 level, which it slipped below in the previous week.

Sustained gains—particularly among mid- and large-cap stocks—could provide the necessary momentum to drive the index higher in the coming sessions.

 

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