Last week’s Nigerian stock market closed on a positive note on Friday, despite the shortened trading week occasioned by the public holidays declared for the Eid-el-Kabir and Democracy Day celebrations.
The Federal Government had earlier declared Monday, June 9, and Thursday, June 12, 2025, as public holidays, limiting market activities to just three trading days within the week.
However, the reduced trading days did not deter bullish sentiment on the Nigerian Exchange Limited, as the market capitalisation appreciated by N513bn, while the benchmark All-Share Index rose by 0.71 per cent to close at 115,429.54 points.
Similarly, the overall market capitalisation increased to N72.788 tn from N72.275 tn recorded in the previous week.
A turnover of 2.057 billion shares worth N51.015bn was recorded in 65,016 deals during the three-day trading week. This represented a decline when compared to the previous week’s total of 3.214 billion shares valued at N76.348 bn traded in 64,156 deals.
The financial services industry led the activity chart in terms of volume, with 1.060 billion shares worth N26.371bn traded in 27,201 deals, contributing 51.55 per cent and 51.69 per cent to the total equity turnover volume and value, respectively. The services industry followed with 490.276 million shares valued at N1.586bn in 3,865 deals, while the consumer goods industry was third with 122.795 million shares worth N5.841bn exchanged in 7,638 deals.
Tantalizer Plc, Access Holdings Plc, and Zenith Bank Plc were the most traded stocks by volume, collectively accounting for 693.553 million shares valued at N9.957bn in 7,661 deals. This trio contributed 33.72 per cent and 19.52 per cent to the total equity turnover volume and value, respectively.
In the Exchange Traded Products segment, investors traded 24,880 units worth N8.881m in 92 deals, compared to 46,729 units valued at N8.391m exchanged in 89 deals in the previous week.
The All-Share Index and market capitalisation recorded weekly gains, while sectoral performance was mixed. All other indices closed in the green except for the Insurance, AFR Div Yield, MERI Value, Oil & Gas, and Commodity Indices, which declined by 0.11 per cent, 0.61 per cent, 0.81 per cent, 1.22 per cent, and 1.41 per cent, respectively. The ASeM and NGX Banking indices closed flat.
In terms of market breadth, investor sentiment remained positive, with 55 equities appreciating in price, surpassing the 53 gainers recorded in the previous week. On the other hand, 39 equities recorded price depreciation, lower than 43 in the previous week, while 54 equities remained unchanged, slightly higher than the 52 recorded earlier.
Meanwhile, trading in the shares of Notore Chemical Industries Plc was suspended on Wednesday, June 11, 2025, by the NGX. According to a statement by the Exchange, the suspension was necessary to prevent trading ahead of the company’s delisting, which had been approved by the Nigerian Exchange Limited.
In the dividend news section, Industrial & Medical Gases Nigeria Plc declared a dividend of N0.80 per share and a bonus of 1 for 10, with an ex-dividend price of N32.91. Japaul Gold and Ventures Plc declared an N0.04 dividend with an ex-dividend price of N1.96, while Dangote Cement Plc declared a dividend of N30.00 per share with an ex-dividend price of N420.00.
With the bullish momentum sustained across key blue-chip stocks and renewed investor interest in the financial services sector, analysts expect the market to maintain its positive trajectory in the coming week, barring any major macroeconomic headwinds.
The PUNCH reported that the Nigerian Stock Exchange recorded a market value loss of N378bn as trading resumed after the holiday break.
