Nigerian stocks soared to new 2025 highs, extending gains amid bullish sentiment and sector strength.
The Nigerian stock market extended its winning streak to eight weeks, as the All-Share Index rose 4.31% to close at 131,585.66, its highest level in 2025. Market capitalization jumped to ₦83.2 trillion, driven by heavyweight gains in BUA Cement (+31.28%) and Dangote Cement (+16.47%).
Despite fewer advancers (49 vs. 90 prior week), strong momentum in cement and banking stocks fueled the rally. The Industrial Goods Index surged 19.17%, while the Banking Index gained 5.36%. Nestlé Nigeria also impressed, up 20%, boosting the Consumer Goods Index.
Top gainers included EUNISELL (+32.59%), Associated Bus (+28.41%), and Stanbic IBTC (+18.38%). Losers were led by Academy Press (-24.32%) and RT Briscoe (-22.73%).
Trading volume rose to 5.9 billion shares, and all four trading sessions closed positive. Market watchers now eye the 135,000-point level, contingent on Q2 earnings and sustained investor confidence.
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