Business
NGX: Equities market continues rally as investors gain N257bn
The Nigerian equities market closed trading on Thursday May 15, 2025 with a N257 billion profit for the investing public to continue yesterday’s gaining streak.
This follows a surge in the share prices of stocks like Honeywell Flours Plc (HONYFLOUR), Nestle Plc (NESTLE) and Beta Glass Company (BETAGLAS) amongst others on the trading floor.
The benchmark All-Share Index (ASI) increased to 109,467.64 points from the 109,059.33 points which were recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation increased to N68,800 trillion from the N68.543 trillion which the bourse recorded on Wednesday, May 14, 2025.
The market breadth was positive as 36 stocks advanced, 23 stocks declined, and 61 stocks remained unchanged in 14,743 deals.
Honeywell Flours Plc (HONYFLOUR), Nestle Plc (NESTLE) and Beta Glass Company (BETAGLAS) led other gainers with 10%, 10% and 9.98% growth each in prices to close at N16.50, N1331.00 and N213.70 from the previous N15.00, N1210.00 and N194.30 per share.
READ ALSO: Nigeria’s stock market recovers as investors gain N240bn
Multiverse Mining & Exploration (MULTIVERSE), Wapic Insurance (WAPIC)and Lasaco Assurance (LASACO) led other price decliners with 9.64%, 4.74% and 4.53% decline each in share prices to close at N8.90, N2.01 and N2.32 from the previous N9.85, N2.11 and N2.43 per share.
On the volume index, FCMB Group Plc (FCMB) led trading with 272 million shares in 238 deals, followed by Fidelity Bank (FIDELITYBK) which traded 40 million shares in 559 deals.
Caverton Offshore Support Group (CAVERTON) traded 34 million shares in 549 deals.
On the value index, MTN Nigeria (MTNN) emerged as the top traded stock, gathering N3.4 billion in 564 deals, followed by FCMB Group Plc (FCMB) which traded equities worth N2.5 billion in 249 deals.
Zenith Bank Plc (ZENITHBANK) traded shares valued at N1.1 billion in 338 deals.
By: Babajide Okeowo
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