The Nigerian stock market opened the week strong on Monday, April 29, 2025, with investors witnessing a continued bullish trend. The market capitalisation rose by N228.48 billion as investors took position in shares of top-performing companies like International Breweries, Cadbury Nigeria, and other major blue-chip firms.
At the close of trading on the Nigerian Exchange Limited (NGX), the total market capitalisation climbed to N66.7 trillion, up from the previous session’s N66.47 trillion. The All-Share Index (ASI) also advanced by 371.53 points or 0.35 per cent, closing at 106,124.14 basis points.
Market activity was robust, with 500.59 million shares exchanged in 17,637 deals, amounting to N12.11 billion. This marked a 17 per cent increase in trade volume and a 23 per cent rise in the number of deals compared to the previous trading session. However, the value of transactions dropped by 40 per cent, indicating a shift towards more affordable stock trades.
The market breadth, which measures the number of gainers versus losers, closed on a positive note with 47 stocks appreciating in value while 17 stocks recorded losses.
International Breweries was the top gainer for the day, with a 10 per cent jump in share price to close at N8.47. Legend Internet followed closely, rising by 9.97 per cent to close at N7.50, and Cadbury Nigeria added 9.96 per cent to finish at N29.25 per share. Fidson Healthcare also performed well, gaining 9.95 per cent to close at N20.45.
On the losing side, Livestock Feeds led with a 10 per cent drop, ending the day at N8.55 per share. Aradel Holdings shed 9.86 per cent to close at N448, Tripple Gee & Company lost 9.6 per cent to settle at N1.79, and John Holt declined by 7.94 per cent to N5.80.
In terms of trading activity, Access Holdings recorded the highest volume with 60.9 million shares traded. Fidelity Bank followed with 56.1 million shares, United Bank for Africa traded 34.5 million shares, and Guaranty Trust Holding Company exchanged 33.5 million shares.
Sectoral performance also showed strong investor confidence across key sectors. The Consumer Goods Index rose by 2.38 per cent, driven by gains in International Breweries and Cadbury. The Banking Index improved by 1.31 per cent as investors showed renewed interest in the sector. The Insurance Index went up by 0.32 per cent, indicating mild growth among insurance stocks.
This trend continues a strong performance by the Nigerian Exchange, which had earlier gained N966 billion in market capitalisation, largely influenced by positive investor sentiment and upward movements in key banking and consumer goods stocks.
