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- The Nigerian banal marketplace ended past week with a beardown show arsenic investors shared implicit N960 billion
- Data shows that user goods, banking and security stocks pushed the marketplace higher successful the week
- In the past trading day, Guaranty Trust Holding Company, Fidelity Bank, MTN Nigeria, and Zenith Bank were among the apical traded companies
Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
Nigeria’s equities marketplace worth accrued by N966 cardinal during the four-day trading week that ended connected Friday, April 25.
The marketplace opened for conscionable 4 trading days owed to the nationalist holidays declared by the Federal Government of Nigeria connected Monday, April 21, to commemorate the 2025 Easter celebration.
The marketplace showed affirmative momentum with 3 days of gains, contrasted by a azygous time of antagonistic performance.
Source: Getty Images
Data from the Nigerian Exchange Limited (NGX) showed that the All-Share Index (ASI) roseate by 1.46% successful the week nether review, pushing this year’s full instrumentality to 2.75%.
Consumer goods, banking, and security stocks were the superior drivers of the market's upward movement, portion concern and lipid & state stocks experienced notable selling pressure.
Analysts suggest that these sectors, peculiarly user goods and banking, are apt to proceed to payment from capitalist optimism arsenic companies study beardown net successful the coming weeks.
By the adjacent of trading connected Friday, the NGX ASI had accrued to 105,752.61 points, up from the erstwhile week’s adjacent of 104,233.81 points.
The marketplace capitalisation besides saw an increase, rising from N65.499 trillion to N66.465 trillion.
Source: Getty Images
Here is simply a snapshot of the marketplace show connected Friday
Top progressive trades:
- Guaranty Trust Holding Company Plc: 60,735,674 shares traded, valued astatine N3.81 billion.
- Fidelity Bank Plc: 41,407,931 shares traded, valued astatine N829.29 million.
- Access Holdings Plc: 40,556,296 shares traded, valued astatine N968.26 million.
- MTN Nigeria Plc: 32,969,504 shares traded, valued astatine N8.24 billion.
- Zenith Bank Plc: 22,935,274 shares traded, valued astatine N1.05 billion.
Top gainers:
- International Breweries Plc: Last closed astatine N7.00, present N7.70, gaining N0.70 (+10.00%).
- Oando Plc: Last closed astatine N6.20, present N6.82, gaining N0.62 (+10.00%).
- Ikeja Hotel Plc: Last closed astatine N11.00, present N12.10, gaining N1.10 (+10.00%).
- Vitafoam Nigeria Plc: Last closed astatine N40.80, present N44.85, gaining N4.05 (+9.93%).
- Eterna Plc: Last closed astatine N36.30, present N39.90, gaining N3.60 (+9.92%)
Top losers:
- Dangote Cement Plc: Last closed astatine N480.00, present N432.00, losing N48.00 (-10.00%).
- Regal Insurance Plc: Last closed astatine N0.62, present N0.57, losing N0.05 (-8.06%).
- VFD Group Plc: Last closed astatine N18.50, present N17.10, losing N1.40 (-7.57%).
- Chams Plc: Last closed astatine N2.20, present N2.04, losing N0.16 (-7.27%).
- Sovereign Trust Insurance Plc: Last closed astatine N0.98, present N0.92, losing N0.06 (-6.12%).
Dollar crashes successful authoritative and unofficial markets
Ealier, Legit.ng reported that the Nigerian currency, the naira, has improved against the United States dollar successful the authoritative market.
Data from the CBN showed that the caller speech complaint successful the authoritative marketplace is simply a N0.6 appreciation, portion successful the achromatic marketplace dollar crashes by N20.
Yemi Cardoso, the Central Bank of Nigeria, has expressed assurance successful its reforms and said Nigeria’s economical trajectory is turning positive.
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Source: Legit.ng
