The Nigerian equities market extended its recovery on Thursday, December 4, 2025, as the All Share Index (ASI) inched up 0.10% to 145,476.15 points from Wednesday’s close of 145,323.87 points. Market capitalisation rose by N97 billion, settling at N92.73 trillion. The modest gain followed Tuesday’s strong rebound, which was driven by renewed interest in banking and consumer goods stocks.
Market sentiment was bolstered by notable gains in several mid- and large-cap stocks. UACN led the charge, surging 10% to N88.00, while ETI, Wapic, and Mansard Insurance posted double-digit percentage gains. Blue-chip banks also saw positive movements, with GTCO rising 1.15% to N88.00, Zenith increasing 0.83% to N60.50, and Wema Bank gaining 3.28% to N18.90. In the industrial sector, Nigerian Breweries climbed 2.79% to N70.00, and Oando added 1.28% to N39.50.
Despite the positive close in the ASI, market breadth turned negative as 27 stocks recorded losses against 22 gainers. Top laggards included Ella Lakes (-2.91%), Eunsell (-1.75%), and Transcorp Hotels (-0.89%). Analysts note that the mixed performance reflects ongoing investor caution amid broader macroeconomic pressures and uncertainty in global markets.
Total volume traded declined 14.15% to 1.93 billion units, while the value of transactions fell 8.47% to N19.19 billion. However, the number of deals increased by 8.63% to 23,369, suggesting smaller average trade sizes. ETranzact Plc dominated trading activity with over 1.58 billion units worth N6.37 billion, followed by Fidelity Bank, GTCO, ETI, and AccessCorp.
The slight gain pushed the NGX’s year-to-date performance to 41.34%, solidifying its position as one of Africa’s best-performing markets in 2025. Investors remain optimistic that steady gains in key sectors, particularly banking and consumer goods, could sustain the rebound, though caution persists amid macroeconomic uncertainties.
source: nairametrics