ASI Hits New High, CUTIX and ELLAHLAKES Shine

The Nigerian Exchange closed on a strong note on Wednesday, July 2, 2025, as the All-Share Index (ASI) climbed by 598.67 points to 120,339.9, marking a 0.50% day-on-day gain. This positive performance pushed the ASI back above the key 120,000 threshold, reflecting renewed investor appetite.

Trading activity surged significantly, with volume nearly doubling from the previous session. A total of 1.04 billion shares were exchanged, compared to 527 million shares traded a day earlier.

Market capitalization rose to ₦76.1 trillion, supported by gains across various large-cap and mid-cap stocks.

On the top gainers’ list, CUTIX, ELLAHLAKES, SMURFIT, NSLTECH, and OMATEK each posted 10.00% gains, hitting their daily ceiling.

Conversely, DEAPCAP and JOHNHOLT led the laggards, with losses of 9.09% and 5.41%, respectively.

ROYALEX led the session in trading volume with 218.6 million shares exchanged, followed by JAPAULGOLD (174 million shares), ELLAHLAKES (83.4 million shares), WEMABANK (71.1 million shares), and CHAMS (37.5 million shares).

In terms of trade value, WEMABANK topped the chart with ₦1.06 billion in transactions, followed by Nigerian Breweries (₦1.05 billion), ZENITHBANK (₦975.4 million), ELLAHLAKES (₦762.2 million), and ACCESSCORP (₦706.1 million).

Among the Stocks Worth Over One Trillion Naira (SWOOTs), International Breweries gained 7.91%, Nigerian Breweries rose 3.33%, WAPCO advanced 3.03%, and ARADEL added 0.10%. In the FUGAZ banking category, ZENITHBANK gained 1.69%, ACCESSCORP rose 0.87%, UBA added 0.42%, while FBNH remained flat. GTCO dipped slightly by 0.31%.

Market sentiment appears bullish, with analysts optimistic that the recent rally could sustain further upward momentum, especially if institutional investors maintain their interest in large-cap equities.