After a long Easter break, the Nigerian stock market opened the week on a positive note, with the All-Share Index (ASI) gaining 0.48% on April 22, 2025.
The ASI climbed by 497.21 points, closing the day at 104,739.61—just shy of the psychological 105,000 level. This upward movement marks a continued corrective recovery as investors returned from the holidays with renewed optimism.
Despite the market’s upward trajectory, trading volume dipped slightly. A total of 353.2 million shares were traded, representing a 6% decline from the previous session’s 376.2 million shares. However, market capitalization rose notably to ₦65.8 trillion, up from ₦65.4 trillion in the last session—reflecting growing investor confidence.
Brewing stocks led the gainers’ chart, with International Breweries putting up an impressive 10% increase. Interestingly, the stock was mistakenly listed twice on the top performers list, reinforcing just how eye-catching its performance was.
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On the flip side, Intenegins and Nsltech were the biggest losers of the day, dropping by 9.46% and 8.93%, respectively.
Accesscorp stole the spotlight in terms of volume, with 38.6 million shares traded. It was followed by Fidelity Bank, which recorded 34.5 million shares, while Chams had a solid showing with 29.6 million shares exchanged. Univinsure and Zenith Bank also contributed significantly to the day’s trading, with 27.7 million and 23.7 million shares, respectively.
In terms of transaction value, Zenith Bank led the pack with trades worth ₦1.07 billion. Accesscorp followed with ₦875.1 million, while Fidelity Bank and GTCo contributed ₦651.8 million and ₦579.1 million, respectively. Nigerian Breweries also featured prominently, trading ₦473.5 million in value.
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Within the SWOOTs (Stocks Worth Over One Trillion), Wapco inched up by 0.70%. In the FUGAZ (FirstBank, UBA, GTCo, Access, Zenith) category, the performance was largely bullish:
- FirstHoldings gained 3.46%
- UBA rose 2.80%
- Accesscorp climbed 2.49%
- Zenith Bank advanced 2.27%
- GTCO added 1.69%
Though trading volume dipped, the rise in value and index points suggests that investors are cautiously optimistic, likely encouraged by improved economic outlooks and steady corporate earnings. With the index edging closer to 105,000, market watchers will be looking to see if this momentum can hold through the week.
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