Nigerian Stocks Extend Rally As Berger Paints, Others Push ASI Up 0.41 per Cent
- Nigerian stocks gained 0.41% as the All-Share Index rose to 140,365.36 points after trading on Wednesday
- Berger Paints, Chellarams, FTN Cocoa, and Sunu Assurances led the gainers, while May & Baker topped the losers’ chart
- Market activity was strong with 767.73 million shares worth N40.64 billion traded across 24,837 deals
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s stock market gained 0.41% on Wednesday, May 14, 2025, marking its third straight session of growth as value buying in Berger Paints, Chellarams, and FTN Cocoa buoyed sentiment ahead of the Monetary Policy Committee (MPC) meeting.
Source: Getty Images
Data from the Nigerian Exchange Limited (NGX) showed the All-Share Index (ASI) rose to 140,365.36 points from 139,796.11 points in the previous session. Market capitalisation also advanced, increasing from N88.453 trillion to N88.813 trillion.
Trading activity was upbeat, with 767.73 million shares worth N40.64 billion exchanged in 24,837 deals. FCMB, Nigerian Breweries, Aradel, Access Holdings, and Zenith Bank were the most actively traded stocks.
Top gainers
- Chellarams Plc gained N1.10, rising from N11.00 to N12.10 per share (+10.00%).
- FTN Cocoa Plc gained N0.54, moving from N5.40 to N5.94 per share (+10.00%).
- Lotus Halal Equity ETF (LOTUSHAL15) gained N5.30, increasing from N53.01 to N58.31 per share (+10.00%).
- Berger Paints Plc gained N3.50, climbing from N35.50 to N39.00 per share (+9.86%).
- Sunu Assurances Plc gained N0.49, rising from N5.50 to N5.99 per share (+8.91%).
Source: Getty Images
Top losers
- May & Baker Plc declined by N1.80, falling from N18.05 to N16.25 per share (−9.97%).
- Union Dicon Salt Plc dropped N1.05, decreasing from N10.80 to N9.75 per share (−9.72%).
- C&I Leasing Plc declined by N0.50, dropping from N6.50 to N6.00 per share (−7.69%).
- Thomas Wyatt Plc lost N0.19, moving from N2.70 to N2.51 per share (−7.04%).
- Deap Capital Plc declined by N0.12, falling from N1.84 to N1.72 per share (−6.52%).
Top active trades
- FCMB Plc recorded a turnover of 287.77 million shares valued at N3.11 billion.
- Nigerian Breweries Plc traded 50.46 million shares worth N3.53 billion.
- Aradel Holdings Plc exchanged 43.43 million shares valued at N23.01 billion.
- Access Holdings Plc recorded 40.28 million shares worth N1.06 billion.
- Zenith Bank Plc traded 29.06 million shares, amounting to N1.92 billion.
List of commercial banks in Nigeria
Earlier, Legit.ng reported that the number of commercial banks in Nigeria is reducing as Titan Trust Bank completes its merger with Union Bank.
Industry analysts expect Providus Bank to take over Unity Bank, which would further reduce the number of commercial banks in Nigeria.
The Central Bank of Nigeria has the statutory power to issue licences to banks and other financial institutions within the country
Source: Legit.ng
