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Business News

FIDELITY and GTCO lead volume as All-Share Index gains 0.32%; OANDO shines 

The Nigerian All-Share Index closed trading on June 4, 2025, firmly in the green, gaining 354.25 points to settle at 112,781.73.

This marks a 0.32% increase from the previous session’s close of 112,427.48, extending the market’s winning streak to three straight days.

Despite a slight dip of 3.39% in trading volume, investor activity remained robust with over 600 million shares exchanging hands, ending the day at 601.4 million shares.

Mirroring the market’s upward momentum, market capitalization also surged, rising to N71.1 trillion over 13,682 transactions.

OANDO and UHOMREIT topped the gainers’ chart, soaring by 10.00% and 9.96% respectively, while NCR and ABCTRANS led the laggards, shedding 9.89% and 9.83%.

FIDELITY and GTCO led the day in trading volume, recording the highest number of shares exchanged.

Despite a modest 3.39% dip in trading volume, investor activity remained vibrant, with a total of 601.4 million shares changing hands by the end of the day.

Among the SWOOTs (Stocks Worth Over One Trillion Naira):

Within the FUGAZ banking group: 

Market outlook 

The All-Share Index appears to have found a stable footing above the 112,000 mark, driven by continued bullish sentiment.

If the current momentum in mid- and large-cap stocks holds, the index could be poised for further gains.