Stock market rises by 0.38% ahead of Easter holidays

Nigeria’s equities market rose by 0.38 percent or about N240billion on Thursday, the last trading day in a holiday-shortened week.

Though, the market decreased by 0.31 percent in the review week as profit-taking moderated upside potential of the Lagos Bourse making its return year-to-date (YtD) lower at +1.28 percent.

The Federal Government declared Friday, April 18, and Monday, April 21, 2025, as public holidays to mark Good Friday and Easter Monday, respectively.

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Ahead of Thursday’s trading, Vetiva Research analysts had anticipated the buy-side interest observed in the banking space on Wednesday to filter into action, “and should be enough to drive market to a green close”.

Investors interest in stocks like Nigerian Breweries, Ecobank Transnational Incorporated, Abbey Mortgage Bank, and Livestock Feeds helped the market’s positive close on Thursday.

Universal Insurance, Fidelity Bank, Access Holdings, Zenith Bank and Nigerian Breweries were actively traded stocks.
Investors in 11,204 deals exchanged 376,292,025 shares valued at N7.905billion.

On the major advancers list, Abbey Mortgage Bank rose most, from N8.15 to N8.96, up by 81kobo or 9.94 percent. Nigerian Breweries increased from N32.95 to N36.20, adding N3.25 or 9.86 percent.

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Also, ABC Transport share price moved up from N1.30 to N1.42, adding 12 kobo or 9.23 percent. Livestock Feeds, another major gainer rose from N8.70 to N9.50, adding 80kobo or 9.20 percent, while ETI increased from N26.85 to N29.25, up by N2.40 or 8.94 percent.

At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from 103,851.88 points and N65.259 trillion respectively to 104,242.38 points and N65.499 trillion.

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.