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Business News

Weekly Market Wrap: Premium stocks lead rally as All-Share Index hits N72 trillion cap, banking sector shines 

The Nigerian equities market, as tracked by the All-Share Index (ASI), closed the trading week ended June 5, 2025, in positive territory, gaining 2,874.74 points, driven largely by strong performances in premium stocks.

This represents a 2.57% increase, with the index advancing from an opening level of 111,742.01 to close at 114,616.75, its strongest weekly performance so far this year.

Although trading volume dipped by 20%, activity remained solid, with over 3 billion shares traded, closing the week at a total volume of 3.02 billion shares.

Market capitalization rose in line with price gains, increasing to N72.2 trillion from the previous week’s N70.4 trillion.

The NGX Premium Index recorded a 5.91% gain during the week, supported by notable price increases in FIRSTHOLDCO and MTNN, which rose by 17.60% and 13.96%, respectively. ACCESSCORP, UBA, and ZENITH BANK also contributed with gains below 6%.

The NGX 30 Index advanced by 2.45%, while the NGX Main Board Index ended the week with a 0.93% increase.

Sector performance

Top gainers 

Leading the charge among gainers was OANDO PLC, which surged by 25.77% month-to-date, followed by LASACO ASSURANCE PLC at 21.62%. Other notable gainers included:

Top losers 

On the losers’ table was ASSOCIATED BUS COMPANY PLC, which declined by 18.64% month-to-date, followed by JULIUS BERGER NIG. PLC at 13.50%. Other notable losers included:

This week, the corporate landscape remained active, with several key announcements attracting investor attention:

Market outlook 

The All-Share Index is holding steady above the 114,000 mark and appears to be inching toward the 115,000 level in the coming sessions.

Continued strength in mid- and large-cap stocks has fueled the recent surge, and this momentum could carry the index higher, provided the market is not viewed as overbought.