BREAKING: Nigeria’s equities market gains N3.7trn in 4 months
The Nigerian equities market appreciated by N3.7 trillion in the first four months of 2025, driven by 2024 full year results mixed performance and first quarter ended March 31, 2025, corporate earnings of listed companies.
WESTERN POST gathered that the equities market opened 2025 at N62.76 trillion, gaining N3.7 trillion or 5.9per cent to close on April 30, 2025 at N66.496 trillion.
Consequently, the Nigerian Exchange Limited All-Share Index (NGX ASI) closed April 30, 2025 at 105,800.85basis points, representing an increase of 2,874.45basis points or 2.8per cent from 102,926.40basis points the equities market closed for trading in 2024.
Reacting, the President, Highcap Securities, Mr. David Adonri stated that the first four months of 2025 has witnessed mixed performance by Nigerian equities market.
“It is believed that discordant tunes from the banking sector regarding the postponement of the release of their full year results made the Market bearish in March 2025. Although their results were impressive when they were released in the last week of the month, it was too late to reverse the damage that had been done.”
On the stock market performance in Q2 2025, he explained that, “The market is entering the last part of Q2 2025 with hope and optimism as major enterprises have started recovering from the damage inflicted on their balance sheets due to the floating of the Naira.
“Banks are also expected to post higher unprecedented profits in Q2. These can elevate equities in Q2 2025.”
