Nigerian Stocks Dip as ASI Falls 0.30%, Despite Gains in Volume and Value

The Nigerian Exchange (NGX) ended Tuesday, June 17, 2025, in negative territory, with the All Share Index (ASI) declining by 0.30% to close at 114,910.16 points.

Despite the downturn in the benchmark index, trading activity showed significant improvement, with total volume surging by 9.08% to 787.31 million units, while value traded climbed 16.61% to ₦25.67 billion across 23,170 deals.

Market sentiment was mixed, with 29 stocks gaining while 35 declined. However, the market capitalisation dipped slightly by 0.25% to ₦72.5 trillion, indicating modest bearish pressure. Year-to-date (YTD), the market remains firmly in positive territory, boasting an impressive 11.64% gain.

Top Gainers

Leading the pack of gainers was C&I Leasing (CILEASING), which rose by 10.00% to close at ₦4.62. It was followed by Mutual Benefits (MBENEFIT) and Learn Africa (LEARNAFRCA), both gaining 10.00% and 9.00% respectively. DEAP Capital (DEAPCAP) and LivingTrust Mortgage Bank also posted strong gains of 8.64% and 8.39%.

Top Losers

On the losers’ chart, Transcorp Power (TRANSPOWER) suffered the heaviest decline, shedding 9.98% to close at ₦295.70. Oando Plc followed closely with a 9.97% drop to ₦58.25. Other notable laggards included Ellah Lakes (-9.87%), Omatek (-9.33%), and Custodian Investment (-8.63%).

Biggest Volumes

Blue-chip stocks dominated market activity. Zenith Bank led with a volume of 96.2 million shares, valued at over ₦4.24 billion, followed by GTCO (83.3 million units) and UBA (65.2 million units). AccessCorp and ETI rounded out the top five, showing strong institutional interest.

Smallest Volumes

At the bottom end of the trading spectrum were stocks like Morison Industries, SFS REIT, Infinity Trust, NCR, and Airtel Africa, all recording low trade volumes below 1,100 units, signaling minimal investor interest.

Economic Context

The trading session occurred against a backdrop of declining inflation, with the May 2025 inflation rate easing to 22.97%. The monetary policy rate remains high at 27.50%, while Q4 2024 GDP growth stood at 3.84%, underscoring a cautiously optimistic economic outlook.

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