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.
The Nigerian stock market posted a positive performance on Wednesday, June 12, 2025, with investors gaining over N400 billion as several equities recorded strong gains.
Data showed that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose by 641.63 points, or 0.56%, to close at 114,659.11 points, up from the previous day’s 114,017.48 points.
Source: Getty Images
The market capitalisation also appreciated by N405 billion, climbing from N71.897 trillion to N72.302 trillion.
Nigeria's stock market year-to-date (YtD) return rose to 11.40%.
Analysts at Futureview, in a note dated June 10, had projected that “the equities market [would] maintain bullish momentum this week amid improved market sentiment.”
However, Coronation Research analysts also noted in their June 10 report that they:
“Anticipate mild profit-taking, particularly on stocks that recently rallied, as investors continue their cautious approach observed since the beginning of the year.”
In 20,538 deals, equities traders exchanged 471,150,678 shares worth N14.188 billion.
Source: Facebook
Top 10 Naira stocks that made investors richer in 2024
Earlier, Legit.ng reported that the NGX grew by 1646% in 2024, turning an N100,000 investment into N1.6 million
The top performers are in the Services, Energy, Financial Services, Oil and Gas, and Heavy Construction sectors
A stock market analyst told Legit.ng that most of these growths were driven by favourable reforms in the sectors and strong fundamentals
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Source: Legit.ng
