The Nigerian equities market, as tracked by the All-Share Index (ASI), recorded a strong rally on the trading day ended May 6, 2025, rising by 1,662.60 points to close at 108,361.10.
This upswing propelled the index beyond the psychological thresholds of 107,000 and 108,000, as it eyes the 109,000 barrier.
The 1.56% gain from the previous close of 106,698.50 was fueled by strong performances from large-cap stocks, notably MTN Nigeria; the fourth most valuable listed company on the exchange, and Aradel Holdings, which rose by 9.2% and 7.6%, respectively.