The Nigerian equity market continued its positive trajectory on February 12, 2025, with investors gaining N426 billion as the market capitalization rose to N66.5 trillion. The All-Share Index (ASI) surged by 683.38 points, marking a 0.65% increase, closing at 106,574.71 points. This growth reflects a 1.7% gain over the past week, a 2.85% increase over the past four weeks, and a 3.54% rise year-to-date, indicating a strong upward trend in the market.
Despite a slight dip in trading volume, with a 16% decrease compared to the previous session, turnover saw a positive improvement of 13%. A total of 478.6 million shares valued at N11.76 billion were traded across 15,561 deals. The market ended with 40 gainers and 25 losers, signaling a generally positive sentiment among investors.
Ellah Lakes Plc led the day’s gainers with a 10% price increase, closing at N3.63 per share. Eterna Plc and Honeywell Flour Mills Plc followed closely, both seeing a 9.93% gain. On the other hand, Academy Press Plc saw a 9.7% increase. In contrast, International Energy Insurance Plc faced the largest decline, shedding 9.78%, closing at N2.03 per share.
Access Holdings Plc emerged as the most traded stock with 38.7 million shares exchanged, followed by Transcorp Nigeria Plc with 35.2 million shares. Veritas Kapital Assurance Plc and Aiico Insurance Plc also recorded significant trading volumes of 26 million and 21.4 million shares, respectively. These stocks dominated the trading floor, contributing to the overall market activity.
The market’s positive sentiment was evident across multiple key indices. The Top 30 Index rose by 0.76%, while the Industrial Index led with a 2.4% increase. The Premium Index appreciated by 1.84%, and the Banking Index saw a 0.44% rise. Even the Insurance Index gained 0.19%, further highlighting the broad-based growth within the Nigerian equity market.
Source: Punch