The Nigerian stock market closed the trading week ended May 16, 2025, on a strong note, with the All-Share Index ascending 976.97 points, fueled by significant gains in the consumer goods sector.
This represents a 0.90% week-on-week rise, as the index climbed from 108,733.40 to 109,710.37, closing with a year-to-date gain of 6.59% despite a dip in trading activity.
Daily trading volume edged lower by 1.49%, settling at 2.60 billion shares, compared to 2.64 billion in the previous week.
Meanwhile, market capitalization surged to N68.9 trillion from N68.3 trillion, holding strong above the N68 trillion threshold.
The Nigerian equities market delivered a broadly positive performance last week, with the benchmark index closing in the green on four out of five trading days.
Leading the gainers’ chart, BETA GLASS PLC surged by 46.31% week-to-date, followed by CHAMPION BREWERIES, which rose by 42.08%. Other notable gainers included:
At the bottom of the chart, MULTIVERSE MINING AND EXPLORATION PLC declined by 19.50% week-to-date, followed by UNION DICON SALT PLC, which lost 11.83%. Other notable decliners included:
This week, the corporate landscape saw several noteworthy announcements:
The All-Share Index has strengthened, maintaining its position above the 109,500 mark, showing positive price action that could drive it beyond the 110,000 zone.
If the upward momentum in large and mid-cap stocks continues into the next week, the index may reach new levels, pushing further towards higher highs.