Nigeria’s stock market edged higher this week as consumer goods stocks led gains, pushing the ASI above 106,000 points.
In the trading week ended May 2, 2025, the Nigerian equities market extended its bullish run. The All-Share Index (ASI) rose by 289.96 points, up 0.27% week-on-week, closing at 106,042.57.
Market Performance at a Glance
– Volume traded: 2.1 billion shares (+18.65%)
– Market capitalization: Rose from N66.4 trillion to N66.6 trillion
– Winners vs Losers: 52 gainers (down from 64), 37 losers (up from 27)
Sector Highlights
1. Consumer Goods: Best performer, +2.89%, driven by Cadbury (+19.92%) and Nigerian Breweries (+17.95%)
2. Industrial Goods: Modest gain, +0.41%
3. Oil & Gas: Fell -2.90%, hit by Aradel’s -9.86% drop
4. Banking: Slipped -0.38%, due to ECOBANK (-18.75%) and ACCESS (-7.98%)
Top Gainers
1. Associated Bus Co Plc: +44.87%
2. Legend Internet Plc: +32.40%
3. Fidson, UPPLC, NAHCO, Cadbury, Nigerian Breweries, May & Baker also posted double-digit gains.
Top Losers
1. Ecobank: -18.75%
2. Multiverse: -18.59%
3. Aradel, Livestock Feeds, Tripple Gee, Dangote Sugar, Access Holdings also declined significantly.
Corporate Updates: Q1 2025 financial reports were released by major firms including Seplat, Transcorp, Aradel, TotalEnergies, First Holdco, UAC, Dangote Sugar, and Access Holdings.
Market Outlook: The ASI crossing the 106,000-point mark signals sustained bullish sentiment. Focus remains on large- and mid-cap stocks, with investor confidence expected to maintain momentum.
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