The Nigerian stock market bounced back on Tuesday, April 22, 2025, as investors returned from the Easter break with renewed optimism. The benchmark All-Share Index (ASI) rose by 0.48%, gaining 497.21 points to close at 104,739.61, up from 104,242.40 in the previous session.
This gain marks a tentative shift toward a corrective rally, with the ASI now edging closer to the psychologically significant 105,000 mark.
Despite the bullish uptick, overall market activity cooled slightly. Trading volume dipped to 353.2 million shares, representing a 6% drop compared to the 376.2 million shares recorded before the break. Nonetheless, market capitalisation saw a healthy boost, climbing to N65.8 trillion from N65.4 trillion.
Gainers Lead with Breweries in Focus
Breweries dominated the winners’ chart, with International Breweries (Intbrew) topping the list after gaining 10.00% to close at N6.05. Nigerian Breweries (NB) followed closely with a 9.94% surge to N39.80.
Other major gainers included:
TIP: +9.89% to N5.00
Japaul Gold: +9.79% to N2.13
Cornest: +9.65% to N2.84
Losers Struggle as Selloffs Hit Mid-Caps
On the flip side, Intenegins and NslTech led the day’s laggards, falling by 9.46% and 8.93%, respectively. Other notable losers included:
UPL: -8.82% to N3.10
FTNCocoa: -7.41% to N1.75
Wapic: -5.50% to N2.06
Market Movers: Accesscorp, Fidelitybk Drive Volume
Trading activity was spearheaded by Accesscorp, which recorded a substantial 38.6 million shares traded, making it the most active equity for the day. Fidelity Bank followed with 34.5 million shares, while Chams saw 29.6 million shares exchanged.
Also notable were:
Univinsure: 27.7 million shares
Zenith Bank: 23.7 million shares
In terms of transaction value, Zenith Bank stood out with trades worth N1.07 billion, followed by:
Accesscorp: N875.1 million
Fidelitybk: N651.8 million
GTCo: N579.1 million
NB: N473.5 million
In the Swoots category, Wapco posted a modest 0.70% increase. Meanwhile, among the FUGAZ group of tier-one banks:
FirstHold led with a 3.46% rise
UBA climbed 2.80%
Accesscorp gained 2.49%
Zenith Bank advanced 2.27%
GTCO edged up by 1.69%
