The Nigerian stock market recorded a strong rebound on Thursday, June 12, 2025, as the Nigerian Exchange (NGX) posted a notable gain of ₦405 billion. This uptick pushed the All-Share Index (ASI) up by 0.56% to close at 114,659.11 points, marking a year-to-date return of 11.40% and a month-to-date gain of approximately 2.6%.
The rally was largely driven by impressive performances from two standout companies: ABC Transport Plc and Beta Glass Plc. Both stocks surged by the maximum daily gain of 10.00%, emerging as the session’s top gainers. Their strong performances helped lift investor sentiment and buoy the broader market. Berger Paints Plc also posted a significant gain of 9.98%, further contributing to the market’s upward momentum.
Other notable gainers included Fidson Healthcare Plc, which rose by 9.91%, and Oando Plc, which added 6.32%. These advances helped offset losses in some heavyweight stocks. Nestlé Nigeria Plc fell by 5.69%, Vitafoam Nigeria Plc declined by 6.64%, and International Breweries Plc shed 4.11%, all among the top laggards of the day.
Despite the positive movement in prices, trading activity slowed. Volume traded dropped by 27.8% to approximately 471 million units, while the value of trades decreased by 24.8% to ₦14.19 billion. The total number of deals also slipped by 14.4% to 20,538.
FCMB Group Plc led in terms of volume, with over 40.3 million shares changing hands, while Seplat Energy Plc dominated the value chart with trades worth about ₦1.62 billion.
Market breadth closed positive, with the number of advancing stocks outpacing decliners in a ratio of about 1.11 to 1. Despite the reduced turnover, Thursday’s session signaled a renewed sense of optimism among investors, especially in mid-cap and consumer-facing stocks.
The latest performance suggests that investor confidence is returning, although the dip in trading volume may point to some lingering caution. Analysts will be watching closely in the coming sessions to see if the rally has staying power or if profit-taking sets in.
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