Weekly Market Wrap: All-Share Index soars 2.54% to record high; Premium Index and key sectors shine 

This reflects a 2.54% week-to-date gain from the previous level of 106,042.57, marking the highest weekly close ever, as the premium index and all sectoral indices posted gains.

Trading activity also witnessed a significant uptick, as total market volume rose to 2.6 billion shares, representing a 20.26% increase from the 2.19 billion shares exchanged in the preceding week.

Similarly, market capitalization climbed to N68.3 trillion, up from N66.6 trillion in the prior week, solidifying its position above the N68 trillion mark.

The Nigerian equities market recorded a broadly positive performance for the week ended May 9, 2025, with the All-Share Index (ASI) closing higher in four out of five trading sessions.

However, the market experienced a mild pullback on Friday, shedding 498.56 points to close the week at 108,733.40—just below the 109,000 threshold.

The NGX Premium Index led major board indices with a robust 3.54% gain, driven by an 11.7% surge in MTN NIGERIA, along with moderate gains in FIRST HOLDCO, ZENITH BANK, and DANGOTE CEMENT (each posting under 4%).

The NGX 30 Index and the NGX Main Board Index also performed strongly, rising by 2.00% and 2.02%, respectively.

Leading the gainers’ chart, MULTIVERSE MINING AND EXPLORATION PLC surged by 57.48% week-to-date, followed by ACADEMY PRESS PLC, which rose by 50.52%. Other notable gainers included:

At the bottom of the chart, ABBEY MORTGAGE BANK PLC declined by 15.66% week-to-date, followed by MEYER PLC, which lost 13.51%. Other notable decliners included:

This week, the corporate landscape witnessed a series of significant announcements:

The All-Share Index has regained strong bullish momentum, testing the 109,000 level briefly and setting its sights on the 110,000 threshold.