Nigerian Stock Market Gains 0.22% on Banking Stocks

On Thursday, August 28, 2025, the Nigerian stock market closed positively, with the NGX All-Share Index (ASI) increasing by 0.22%, or 473.17 points, to reach 239,156.09 points, up from 238,682.92 points the previous session. The market capitalization rose by N305 billion, totaling N154.442 trillion compared to N154.137 trillion the day before.

Despite this uptick, market breadth was weak, as 39 stocks closed lower while only 19 gained, indicating persistent selling pressure across various sectors, even with renewed buying interest in selected banking and insurance stocks. A total of 500.0 million shares worth N35.2 billion were traded in 40,323 deals, a decrease in trading volume by 31.82% and a decline in the number of deals by 18.06% compared to the previous session, which saw 733.4 million shares valued at N34.5 billion in 49,210 deals.