Nigeria’s major stock market index, the NGX-All Share, advanced further by 1.80 percent at the end of business on Wednesday after a day public holiday in honour of late President Muhammadu Buhari.
This comes just as the country’s headline inflation for June 2025 moderated to 22.22 percent relative to the May 2025 headline inflation rate of 22.97 percent.
According to the latest Consumer Price Index report released by the National Bureau of Statistics, the year-on-year figure reflects a 0.75 percentage point decline from the previous month, and a significant 11.97 percentage point drop when compared to June 2024, which recorded an inflation rate of 34.19 percent.
The Exchange All-Share Index of listed equities inched up by 2 277.54 absolute points, representing a 1.80 percent in increase to close at 128, 967.08 points higher than the 126,689.54 points of the previous day.
According to trading on a contract for difference (CFD) that tracks this benchmark index from Nigeria, over the past month, the index has climbed 12.23% and is up 28.93% compared to the same time last year.
Investors consequently witnessed an increase on listed stocks value to new high of N81.584 trillion on Wednesday, as the market capitalization gained additional N1,440,771 tillion on market compared to Monday’s close at N80.143 trillion.
The market sentiment as measured by market breadth saw 41 equities on the gainer’s chart with 45 equities on the losers list.
EUNISELL, NESTLE, NSLTECH and OMATEK led the gainers list with a 10 percent increase on their respective share prices to close at N14.85k, N1,650.00k, N1.76k and N1.21k.
TRIPPLEG followed with a 9.92 percent increase to close at N4.32k per share; then FIRSTHOLDCO had a 9.90% gain on its share price to close at N32.20k.
FTNCOCOA and NPFMCRFBK led the decliner’s list with a 10 percent drop on their share prices to close at N7.02k and N2.43k.
CILEASING followed with a 9.97 percent loss on its share price to close at N7.13k; while CHAMPION saw a 9.96 percent decline on its share price to close at N12.29k.
The trading session ended with 11,670,605,966 units of shares that exchanged hands.36,636 deals.
Hauwa Abu