Nigerian Stock Market Hits N70.89 Trillion as Investor Confidence Drives Gains

The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259 billion in market capitalisation. This surge brought the total market value to N70.89 trillion, up from the previous day’s N70.63 trillion. The All-Share Index (ASI) also reflected the positive momentum, climbing by 411.52 points to close at 112,427.48, representing a 0.37 per cent increase.

The gains were largely attributed to robust investor interest in medium and large-cap stocks. Top-performing companies included Honeywell Flour Mill, SCOA Nigeria, SFS Real Estate Investment Trust, and Industrial & Medical Gases. The breadth of the market was also encouraging, with 36 stocks closing in the green compared to 32 decliners, indicating a broad-based rally.

Leading the gainers’ chart, Honeywell Flour Mill and SCOA Nigeria both appreciated by 10 per cent, closing at N22.00 and N5.39 respectively. SFS REIT followed suit with a 10 per cent increase to N226.60, while Industrial & Medical Gases rose by 9.96 per cent to N37.00. International Energy Insurance rounded off the top performers with a 9.82 per cent gain to close at N1.79.

On the downside, Conoil suffered the sharpest drop, losing 10 per cent to end at N268.30. Other significant losers included Learn Africa, Transcorp Hotels, Julius Berger, and Chellaram, each recording losses between 9.92 and 9.98 per cent. Despite these losses, market sentiment remained largely optimistic.

Trading activity remained vibrant, with a total of 622.64 million shares worth N16.12 billion exchanged in 17,044 deals. Fidelity Bank topped the volume chart with 108.17 million shares valued at N2.05 billion. It was followed by Legend Internet Plc, UBA, GTCO, and Access Corporation, all of which recorded significant trading volumes and values.

Source: The Guardian