Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s equities market recorded its third consecutive day of gains on Wednesday, as investors posted a profit of N224 billion.
Data from the Nigerian Exchange Limited (NGX) showed the All-Share Index (ASI) rose on Wednesday, June 4, 2025, by 0.32% from the preceding day’s 112,427.48 points to 112,781.73 points.
Source: Getty Images
While market capitalisation increased further from N70.894 trillion to N71.118 trillion.
Shares of Fidelity Bank, GTCO, Royal Exchange, UBA, and Access Holdings were actively traded on Wednesday.
A total of 13,682 deals were recorded, with investors exchanging 611,527,369 shares valued at N16.68 billion.
Here is a snapshot of the latest market activities:
Source: Getty Images
Top active trades:
Earlier, Legit.ng reported that Tony Elumelu, the chairman of United Bank for Africa, increased his stake in the UBA group.
The billionaire has spent heavily to purchase over 1 billion UBA shares in May, consolidating his position as a major shareholder.
The details of the transaction were contained in a regulatory filing to the Nigerian Exchange Group (NGX) on Monday, 2 June 2025, and signed by the Group Secretary, Bili Odum. Elumelu is renowned for his investments across several sectors.
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Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
