The Nigerian equities market closed Monday, 25 May 2026, in the green, rising 1,412.6 points to 251,125.0, with Airtel Africa leading the advancers table.

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Tracked by the All-Share Index, the session reflected a 0.57% gain from an opening level of 249,712.4, with total market volume recorded at 629.4 million shares across listed counters.

Market capitalization strengthened in line with bullish sentiment, rising to N160.9 trillion from N160.07 trillion, supported by 82,434 executed deals.

In trading activity, Aradel recorded N11.9 billion in value, while Access Holdings dominated volume with 61.2 million shares traded.

What the data is saying

Trading sentiment remained strongly positive on 25 May 2026, with year-to-date returns rising to 61.38% from 60.47% in the previous session.

  • Market breadth was bullish, with Airtel Africa and International Energy Insurance leading the gainers’ chart after advancing 10.00% and 9.68%, respectively.
  • However, select counters came under pressure, as McNichols and The Initiates topped the losers’ chart with declines of 10.00% and 9.91%.

In trading activity, Access Holdings led the volume chart with 61.2 million shares exchanged, maintaining strong investor participation.

  • It was followed by Zenith Bank and Fidelity Bank, which recorded 37.9 million and 35.7 million shares respectively.
  • Further down the activity list, JaPaul Gold posted 24.6 million shares, while Tantalizers followed closely with 22.7 million units traded.

On the value chart, Aradel led with N11.9 billion, ahead of Zenith Bank (N4.9 billion), while GTCO (N2.8 billion), Airtel Africa (N1.8 billion), and Seplat Energy (N1.7 billion) also featured prominently.

Top 5 Gainers

  • Airtel Africa— up 10.00% to N3,655.70
  • International Energy Insurance— up 9.68% to N3.74
  • Sovereign Trust Insurance— up 9.65% to N2.50
  • Caverton— up 9.63% to N7.40
  • VFD Group— up 9.55% to N10.90

Top 5 Losers

  • McNichols— down 10.00% to N7.20
  • The initiates— down 9.91% to N30.45
  • Learn Africa— down 9.69% to N11.65
  • Zichis— down 7.93% to N30.98
  • May & Baker— down 6.60% to N46.70

SWOOTs Performance 

Among stocks worth over one trillion naira (SWOOTs), performance was largely positive, with Airtel Africa advancing 10.00% and Wema Bank gaining 1.65%.

On the flip side, Aradel declined 3.89%, while International Breweries shed 1.57%.

FUGAZ Performance

Within the FUGAZ banking group, sentiment was mixed as Access Holdings gained 0.20%, reflecting mild positive momentum in the session.

On the flip side, UBA fell 0.89%, GTCO slipped 0.45%, First HoldCo declined 0.07%, while Zenith Bank edged lower by 0.04%.

What you should know

The All-Share Index may attempt to break the resistance level of 252,411.7 set on 12 May 2026, a move that would signal additional upside potential in the market.

  • A sustained rally is likely to be driven by strong momentum in heavyweight stocks, which continue to provide direction for overall market performance.
  • For the session, the NGX 30 index (0.64%) outperformed the broader NGX All-Share Index, reflecting stronger gains among top-tier constituents.