The Nigerian All-Share Index crossed the 130,000 threshold for the first time on July 17, 2025, rising by 1,316.8 points to close at 130,283.8, boosted by strong gains in cement stocks and FIRSTHOLDCO.
This marks a 1.02% gain from the previous day’s close of 128,967.1, despite a slight decline in trading volume.
Market participation eased somewhat, as daily volume slipped to 1.19 billion shares, down from 1.24 billion shares exchanged in the prior session.
Still, market capitalization climbed confidently to an impressive N82.4 trillion across 37,418 deals, cementing its hold above the N82 trillion threshold.
Daily market volume slipped to 1.19 billion shares, down from the 1.24 billion shares exchanged in the previous session.
Among the SWOOTs (Stocks Worth Over One Trillion Naira):
On the downside, FIDELITY BANK fell 2.09%, and ARADEL declined 0.95%.
Within the FUGAZ banking group:
On the losing end, UBA shed 8.91%, GTCO dropped 7.87%, and ZENITHBANK lost 1.32%.
The Nigerian All-Share Index has intensified its bullish momentum, surging past the 130,000 mark on the back of strong gains in heavyweight stocks.
If investors do not interpret the current rally as overbought, and with cement stocks continuing to rise, the index may be on course to challenge the 135,000 level.