The All-Half Index broke new floor this week, hovering above the 114,500 ticket to finish at 114,616.75 on June 5, 2025, sealing the first purchasing and selling week of the month firmly in certain territory.
The index posted four consecutive days of good points, ending the week up 2.57% and bringing its one year-to-date efficiency to 11.36% as of the finish of purchasing and selling on Thursday, June 5, 2025.
This bullish trail used to be accompanied by a surge in market activity, as purchasing and selling volume maintained 3 billion shares, signaling stronger investor participation and a transparent tilt toward the aquire aspect.
At the center of this rally had been make a selection heavyweight stocks, whose sheer dimension and have an effect on on the index played a central characteristic in propelling the market upward. As these stocks liked, they collectively powered the index upward thrust.
Listed here are the heavyweight stocks that resulted in the rally. For emphasis, the market capitalization of every appreciating stock is included in brackets beside the stock title.
Under 10% gainers
ACCESSCORP (N1.23 trillion) led the pack amongst heavyweight stocks with weekly good points under 10%, rising by 5.forty five%. With a market capitalization of N1.23 trillion, the stock seen its strongest efficiency on Thursday, jumping over 5% to finish at N23.20.
GTCO (N2.39 trillion) adopted closely, posting a 4.55% place to finish the week at N70.05, while ARADEL (N2.38 trillion) climbed 3.77% to finish at N550.59.
Also in the three% bracket had been key banking gamers UBA (N1.47 trillion), which superior 3.75% at N36.00, and ZENITHBANK (N2.08 trillion), up 3.57% to resolve at N50.75.
Meanwhile, cement broad LAFARGE (N1.38 trillion) edged up modestly by 0.88%, closing the week at N86.00.
Particularly, these forms of heavyweight gainers seen their upward jog later in the week, specifically on Thursday, apart from for GTCO, which showed power earlier with good points on both Tuesday and Wednesday.
Over 10% gainers
Though smooth under the N1 trillion ticket, OANDO gained 25.77% to finish the week at N56.85, pushing its market capitalization to N706.7 billion.
FBN Holdings seen a 17.60% elevate, closing at N29.40 and taking its market cap to N1.23 trillion.
Telecom broad MTN Nigeria (MTNN) rose 13.96% to realize at N319.20, lifting its market capitalization to N6.70 trillion.
Global Breweries superior 12.89%, ending the week at N10.95, with its market cap rising to N1.84 trillion.
What the rally implies:
Sustained bullish momentum in heavyweight Nigerian stocks would possibly per chance perchance well also continue to rob the All-Half Index, potentially extending its good points for the one year.
- In 2024, the index surged to a ambitious one year-to-date return of 37.65%, a ticket it has but to revisit, in the period in-between standing at 11.36% one year-to-date.
Yet, the market’s sturdy pulse is undeniable. With weekly purchasing and selling volumes surpassing 3 billion shares and frequent purchasing hobby all via both sizable- and mid-cap stocks, investor participation appears to be like both deep and gigantic.
- If the rallying stocks are no longer perceived as overbought, the upward trajectory would possibly per chance perchance well also persist.
- Tranquil, any skill pullback in the index would possibly per chance perchance well assemble unusual entry functions for investors alive to to aquire the dip.
