NewStats: 3,263,004 , 8,178,794 topics. Date: Wednesday, 04 June 2025 at 11:02 AM 3o2q3v

Nigerian stocks attained their peak level ever on Tuesday as the all-share index, which measures the overall performance of equities climbed 0.5 per cent to 66,490.3 basis points on the back of a series of market-friendly reforms helping Africa’s largest economy restore investor confidence to its markets

Tuesday’s feat pushes a high of 66,371.2 basis points, set more than 15 years ago on 5 March, 2008, to the back seat.

Nigerian stocks have been on a rise since President Bola Tinubu introduced some of the country’s boldest reforms in decades in the early weeks of his istration, especially an abolition of costly fuel subsidies and a unification of multiple exchange rates.

They reached the summit of performance since March 1996, when official records began, hinged on buyers’ interest in the shares of big lenders – Access Holdings, Zenith, FBN Holdings and GTCO.

Demand for a good number of consumer goods stocks also helped gains, with equities adding N348 billion at the end of trade.

“We project mixed sentiments toward listed equities, with some investors’ continuing their cherry-picking activities around fundamentally sound stocks with strong potentials in of recently disclosed corporate actions,” said analysts at United Capital in their outlook note for the week seen by TIMES.

Market breadth, an indicator of investor sentiment towards trade, was positive as 34 gainers were reported compared to 32 decliners.

Market capitalisation climbed to N39.7 trillion from the N36.2 trillion reported at the previous session. The index has returned 29.7 per cent since the beginning of the year.

TOP FIVE GAINERS
Flour Mills appreciated by 10 per cent to close at N33. Champion Breweries enlarged by 10 per cent to end trade at N3.19. NASCON rose to N54.10, notching up 10 per cent in the process. Dangote Sugar went up by 10 per cent to N57.45. NAHCO completed the top 5, climbing by 10 per cent to N22.10

TOP FIVE LOSERS
CWG led losers, declining by 10 per cent to close at N4.05. Linkage Assurance shed 10 per cent to end trade at N0.90. Chellarams fell to N3.57, losing 9.9 per cent. Prestige slid to N0.46, recording a 9.8 per cent depreciation. UPL closed at N2.15, going down by 9.7 per cent.

TOP FIVE TRADES

Altogether, 437 million shares estimated at N7 billion were traded in 7,932 deals.

FBN Holdings was the most active stock with 55.1 million of its shares worth N911.2 million traded in 288 deals. Japaul’s shares of 33.1 million units, priced at N29.9 million, exchanged hands in 127 transactions. UBA had 30.2 million shares valued at N412.2 million traded in 506 deals. Access Holdings traded 25.4 million shares estimated at N414.4 million in 452 transactions. Transcorp traded 18.2 million shares valued at N127.7 million in 181 deals.

https://www.timesng.com/business/618515-breaking-nigerian-stocks-hit-highest-level-ever.html?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter

Will this reduce the hardship Ebola has caused Nigerians.

EyeCumInPiss:
Will this reduce the hardship Ebola has caused me and my family?

I know agbadorians will come and ejaculate on this. same way we kept hearing audio indices during Buhari's regime.

Any NEWS that will not make life easier for poor Nigerians is nothing but NOISE as far as I'm concerned. No matter how great a financial expert u are, if your ideas stop at theories and cannot practically improve anything then u should just be a JSS1 classroom teacher

Okay

Modify.

To think of someone have to post empty space to book FTC.

Poeple are trying oo.

This same Tinubu questioned Obi if statistics is what they will chop, today an arm of his govt is busy churning out fabricated stats just to tell us he's working, the other day it was a decrease of unemployment to 4.1%, today is another one. Ladies and gentlemen welcome to the era of imaginary stats to impress Tinubu minions. Clowns

Nigeria will be great again..

Continue to decieve urselves

Of what benefit is this to the masses?

On paper. Audio development .

Children of hate over to u...


We are waiting for your negative comments

On paper.. we need to see it real-time

more propaganda!

Make we the masses feel and see all these positive effects of governance..that's the main thing

What shall it profit anyone praising what does not help the poor man in the street?

obembet:
Children of hate over to u...


We are waiting for your negative comments

have u collected ur own?

vastolord4:
On paper.. we need to see it real-time

Investors are making money, you are here being negative. I pity you.

We go survive 💪

oyeb15:
On paper. Audio development .

How many shares your papa get?

Na statistics we go chop?

How does this help the common man on the street?

Does it impact on the price of commodities in the market?

Stock exchange this, stock exchange that, dollar is hitting 1K, price of rice, garri and yam don almost reach heaven...

Only the billionaires benefit from this stock market shit... Tinubu is only working for the billionaires, average Nigerians can go to hell...

Good!

Tinubull

SweetDipBenny:
We go survive 💪

Poison!

AdesegunSanni89:
Investors are making money, you are here being negative. I pity you.

Pity your investors

EyeCumInPiss:
Will the reduce the hardship Ebola has caused Nigerians.

Keep labouring in vain. E dey sweet us. I don't pray your pain and suffering reduce 1%.

MichaelSokoto:

have u collected ur own?

This one no sabi how shares dey work. Typical dummy Obidient.

un which economy?

Wickedfacts:


How many shares your papa get?

The 1 million shares I bought for myself in 2007 in Oceanic bank was siphoned by your sister cicilia Ibru. I still keep my certificate just in case.....

These news are just meant to dupe unsuspecting investors. I was once a victim.

Wickedfacts:


This one no sabi how shares dey work. Typical dummy Obidient.

[quote author=ecolime post=125447383][/quote]

Certainly not

Another manipulated Agbado statistics. These guys are just improving on Buhari's tactics. Well Oga Balablue said He'll continue where Bubu stopped. 🙄🙄

We'll soon hear 100 million Nigerians became multi millionaires in the last 3 months

60 million jobs created in the last 6 months