The Nigerian stock market closed the week ended June 20, 2025, solidly in the green, as the All-Share Index (ASI) rallied by a whopping 2,708.68 points, fueled by strong gains in SEPLAT, MTN, and GTCO.
This reflects a 2.35% week-to-date increase, with the index rising from 115,429.54 to 118,138.22, marking a four-week bullish streak.
The rally was accompanied by a significant rise in market activity, as trading volume soared to 3.5 billion shares, up by 73.9% from the previous week’s 2.05 billion shares.
Market capitalization also mirrored the upward momentum in both price and volume, rising to N74.5 trillion from N72.7 trillion in the prior week.
The Nigerian stock market started the week on a negative note, as the All-Share Index fell on Monday due to losses in the banking sector following the CBN’s stricter forbearance measures. The decline continued into Tuesday.
By midweek, sentiment had shifted. Banking stocks rebounded strongly, sparking a rally.
During the week, the market broke past the 116,000, 117,000, and 118,000 levels—signaling strong upward momentum.
The NGX Premium Index led the charge, jumping 3.24% on the back of sharp gains in SEPLAT (+9.78%) and MTN Nigeria (+9.51%).
The NGX 30 Index advanced by 2.33%, while the NGX Main Board Index also posted a strong performance, rising by 1.89%.
Leading the charge among gainers was ELLAH LAKES PLC, which climbed 23.09% week-to-date, followed by BETA GLASS PLC, up 19.43%. Other notable gainers included:
On the losers’ table, NORTHERN NIGERIA FLOUR MILLS PLC led with a 17.19% week-to-date decline, followed by SUNU ASSURANCES NIGERIA PLC, down 12.81%. Other notable losers included:
It was an eventful week on the corporate front, with a flurry of announcements that kept investors engaged:
Sterling Bank also unveiled its Q1 2025 results.
Despite a shaky start to the week, marked by weakness in banking stocks, the All-Share Index managed to close above the 118,000 mark, driven by a strong rebound in the banking sector and sustained interest in select large-cap equities.
If the buying momentum continues, particularly in mid- and large-cap stocks, the market could maintain its upward trajectory in the coming sessions, with the 120,000 level now appearing within reach.