May 15, (THEWILL) — The Nigerian equities market closed the week on a bearish note on Friday, as broad-based sell pressures across key counters dragged major market indicators lower.
Market capitalisation declined from ₦161.669 trillion at the opening of the session to ₦160.443 trillion at the close, representing a loss of about ₦1.226 trillion. Similarly, the All-Share Index (ASI) fell from 252,243.11 points to 250,330.92 points, reflecting a weak end to an otherwise volatile trading week.
Despite the overall downturn, market breadth remained positive as 47 equities recorded gains against 28 losers, indicating selective buying interest in mid- and low-cap stocks.
Top Gainers
ABCTRANS rose by 10.00 percent, (moving from ₦5.70 to ₦6.27).
MAYBAKER gained 10.00 percent, (advancing from ₦43.00 to ₦47.30).
SCOA appreciated by 9.98 percent, (from ₦30.05 to ₦33.05).
TRANSEXPR increased by 9.97 percent, (rising from ₦6.42 to ₦7.06).
DAARCOMM added 9.76 percent, (from ₦2.05 to ₦2.25).
Top Decliners
ZICHIS fell by 9.97 percent, (declining from ₦32.69 to ₦29.43).
FTNCOCOA shed 9.95 percent, (easing from ₦9.95 to ₦8.96).
TIP dropped 9.90 percent, (from ₦35.85 to ₦32.30).
LIVINGTRUST declined by 9.88 percent, (moving from ₦4.25 to ₦3.83).
INTENEGINS lost 9.71 percent, (from ₦3.09 to ₦2.79).
Meanwhile, several large-cap stocks closed flat during the session, including Dangote Cement, Custodian Investment, Julius Berger Nigeria, International Breweries, BUA Foods, and Nestlé Nigeria, amongst others.
The session reflected a late-week profit-taking pattern, particularly in previously active small-cap stocks, which outweighed gains recorded in select counters. Although buying interest persisted in parts of the market, especially among retail-driven stocks, it was insufficient to offset broader sell pressure.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
