The Nigerian equities market wrapped up the trading day ended 17th June 2025 in the red, as the All-Share Index shed 348.61 points to close at 114,910.16, marking a 0.3% decline from the previous close of 115,258.77.
The downturn was driven by selloffs in the banking sector, as all FUGAZ banks except GTCO closed negatively, dragging the banking sector down by 0.20%.
Daily trading volume ticked up slightly to 787.2 million shares, compared to 721.7 million shares recorded the day before.
However, market capitalization reflected the bearish sentiment, slipping from N72.6 trillion to N72.4 trillion across 23,170 deals.
Daily trading volume recorded a slight uptick, rising to 787.2 million shares compared to 721.7 million shares traded in the previous session.
In terms of value, GTCO led the pack with trades worth N6.2 billion.
Among the SWOOTs (Stocks Worth Over One Trillion Naira):
Most stocks in the FUGAZ banking group closed in the red:
Market outlook
The All-Share Index slipped below the 115,000 mark, weighed down by negative sentiment in the banking sector.
However, a continued rally in mid- and large-cap stocks in upcoming sessions could lift the index higher as it reclaims the 115,000 threshold.