Record Rally: All-Share Index Hits 114,616
The Nigerian stock market just delivered a bullish knockout.
On June 5, 2025, the All-Share Index (ASI) surged past the 114,500 mark to close at 114,616.75, ending the first trading week of June with a 2.57% gain. This brings the year-to-date performance to 11.36%, signalling strong market confidence and possibly a broader economic rebound.
More Than Just Market Euphoria
A sustained uptick in trading volume (3 billion+ shares) underscores a significant increase in investor participation. With liquidity returning and heavyweight stocks leading the charge, the All-Share Index isn’t just posting pretty numbers it’s echoing a shift in Nigeria’s economic rhythm.
If you’re investing from Lagos, the London, or the US, this signal growing opportunities in frontier markets just as developed economies tighten their belts.
Key Gainers: Who’s Fuelling the Fire?
Under 10% Gainers:
- ACCESSCORP Up 5.45% → ₦23.20
- GTCO Up 4.55% → ₦70.05
- UBA Up 3.75% → ₦36.00
- ZENITHBANK Up 3.57% → ₦50.75
Late-week gains suggest a bullish sentiment consolidation, hinting at longer-term accumulation.
Over 10% Gainers:
- OANDO Up 25.77% → ₦56.85
- FBN Holdings Up 17.60% → ₦29.40
- MTN Nigeria Up 13.96% → ₦319.20
Energy and telecoms are clearly back in vogue. MTN’s performance alone added major weight to market cap metrics.
Stability Breeds Confidence
Government efforts to drive capital market reforms and stimulate investment appear to be working. The momentum reflects investor confidence in macroeconomic reforms and political stability an element international investor from the US and UK are especially sensitive to when allocating frontier market capital.
What’s Next: Boom or Bubble?
The Financial Juggernut’s forecast:
- If momentum holds: Expect ASI to retest new highs, especially if Q2 corporate earnings outperform.
- If profit-taking kicks in: Brace for a short-term correction but smart investors will see it as a buying window.
The real test? Whether liquidity continues to build and whether institutional investors follow retail traders into the rally.
Juggernut Takeaway
Whether you’re a Lagos trader or a London portfolio manager, the current ASI rally is your call to action. Diversify across resilient sectors banking, energy, and telecoms but stay alert.
Don’t chase hype chase strategy.
Because in today’s market, calculated risk is the new alpha.
