In trading on 17 June 2025, Nigeria’s stock market pulled back as the All-Share Index dropped by 348.61 points (roughly 0.3%) to close at 114,910.16—a decline driven primarily by sell‑offs in the banking sector .
Almost all FUGAZ banks (FirstBank, UBA, GTBank, Access, Zenith) dipped on the day, leading the banking index lower by 0.20%. Surprisingly, GTCO bucked this trend, finishing in positive territory, and traded heavily with N6.2 billion in value .
Trading volume ticked higher—787.2 million shares changed hands, up from 721.7 million the previous session. Notably, ZenithBank led in trade volume with 96.2 million shares, followed by GTCO (83.3 million) and UBA (65.1 million) .
Market capitalization slid slightly from ₦72.6 trillion to ₦72.4 trillion across 23,170 deals .
Top movers included LEARNAFRCA, CILEASING, and MBENEFIT (each +10%), while TRANSPOWER and OANDO saw sharp losses nearing 10% .
What it means:
The retreat reflects investor uncertainty following the Central Bank of Nigeria’s decision to end pandemic-era loan leniency for banks—pressuring most FUGAZ financial stocks. However, GTCO’s standout performance signals stronger fundamentals or better positioning against the backdrop .
Looking ahead, analysts predict the index may rebound if mid and large-cap stocks maintain momentum and reclaim the 115,000 threshold .
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