The Nigerian stock market closed the week on a strong note as investors witnessed a surge in both trading volume and value at the close of trading on Friday, June 13, 2025. The bullish sentiment pushed the benchmark NGX All-Share Index (ASI) up by 770.43 points or 0.67% to close at 115,429.54 index points, further solidifying gains seen over the past weeks.
Friday’s rally added to a week-on-week gain of 2.67%, a 4-week return of 6.13%, and an impressive year-to-date growth of 12.15%. The sustained positive momentum reflects increasing investor confidence in the Nigerian capital market, as both local and foreign players continue to take advantage of undervalued stocks and improving corporate fundamentals.
Trading activity on the floor of the Nigerian Exchange (NGX) also recorded a significant spike as a total of 933.23 million shares were exchanged in 20,500 deals, corresponding to a market turnover of N17.95 billion. The day’s volume represents a staggering 98% increase when compared with the previous trading session held on Wednesday, June 11, while the turnover rose by 27%. The market capitalization also rose significantly, closing at N72.8 trillion.
A total of 128 listed equities participated in Friday’s session, with the market breadth closing strongly positive as 50 stocks recorded gains against 24 decliners, reflecting heightened investor appetite for equities.
Leading the pack of gainers was May & Baker Nigeria Plc, which appreciated by the maximum allowable 10% to close at N15.40 per share. It was followed by Infinity Trust Mortgage Bank (+10%), LivingTrust Mortgage Bank (+10%), and Stanbic IBTC Holdings, which gained 9.98%.
On the flip side, Northern Nigeria Flour Mills led the losers’ chart after its share price dipped by 10% to close at N112.55 per share. Other major decliners include Conoil (-9.99%), Nigerian Enamelware (-9.98%), and University Press (-9.84%), as some investors engaged in profit-taking following previous rallies.
In terms of volume, Tantalizers Plc emerged as the most actively traded stock with a turnover of 420 million shares, indicating renewed interest in the consumer goods segment. It was trailed by Guaranty Trust Holding Company (35.4 million shares), Zenith Bank (34.7 million shares), and Computer Warehouse Group (29.8 million shares).
Sectoral performance was also broadly positive, with nearly all major indices closing in the green. The NGX Top 30 Index advanced by 0.66%, bringing its year-to-date return to 11.81%. The NGX Industrial Index outperformed peers with a 2.41% daily gain and a positive 1.45% return for the week, though still slightly negative year-to-date at -1.23%.
The NGX Oil & Gas Index rose by 0.93%, extending its one-week return to 2.04%, though still nursing a year-to-date loss of 12.42%. Similarly, the NGX Insurance Index added 0.87%, while the NGX Main Board Index gained 0.86%, lifting its year-to-date return to 14.01%. The NGX Pension Index also recorded a 0.45% uptick, bringing its impressive year-to-date growth to 21.12%.
Market analysts say the sustained positive trend in the equities market is being supported by a combination of factors including improved first-quarter earnings reports, attractive dividend yields, and investor repositioning ahead of the second half of the year.
They, however, caution that profit-taking activities may increase in the coming weeks, urging investors to apply caution while positioning for value-driven opportunities.
As the NGX continues to attract both retail and institutional investors, market watchers believe that sustained macroeconomic stability, policy clarity from fiscal and monetary authorities, and improved foreign exchange liquidity will be crucial to maintaining the positive momentum recorded so far in 2025.
