The Nigerian Exchange (NGX) All-Share Index (ASI) posted a positive performance on Thursday, April 17, 2025, reclaiming the 104,000 mark. The index gained 390.52 points to close at 104,242.40, marking a 0.38% increase from the previous day’s close of 103,851.88. Year-to-date performance also ticked up slightly to +1.28%.
Market capitalization grew from ₦65.2 trillion to ₦65.4 trillion, fueled by active participation across 11,204 transactions. Trading volume surged by 7%, with 376.2 million shares exchanged, up from 351.6 million in the previous session.
Top Gainers and Losers
ABBEYBDS led the gainers’ chart with a 9.94% jump to ₦8.96, followed by Nigerian Breweries (NB), which rose 9.86% to ₦3.25. Other notable gainers included ABCTRANS (+9.23%), LIVESTOCK (+9.20%), and ETI (+8.94%).
On the losing end, SUNUASSUR dipped 9.91%, closing at ₦5.00, while ELLAHLAKES fell 9.76% to ₦3.05. Other top losers were CORNEST (-9.44%), SOVRENINS (-9.18%), and UNIVINSURE (-7.55%).
Most Traded Stocks
UNIVINSURE led in trading volume with 89.2 million shares, followed by FIDELITYBK with 49.5 million shares. ACCESSCORP, ZENITHBANK, and NB also saw strong volumes, trading 32.8 million, 15.5 million, and 15.4 million shares, respectively.
In terms of trading value, MTNN stood out, generating ₦1.4 billion in transactions. FIDELITYBK followed closely with ₦915.9 million, while ACCESSCORP and GTCO contributed ₦715.3 million and ₦706.2 million, respectively.
SWOOT & FUGAZ Performance
In the SWOOT category, OANDO gained 6.24%, while MTN Nigeria declined slightly by 0.41%. For FUGAZ stocks, ACCESSCORP rose 2.79%, and UBA added 1.26%. However, FIRSTHOLD slipped 1.60%, with GTCO and ZENITHBANK closing flat.
Market Outlook
Despite the rebound, analysts believe the market may be entering a retracement phase, with the ASI stabilizing just above 104,000. The direction of large- and mid-cap stocks in the coming weeks will be key to determining whether momentum is sustained.
