The Nigerian Exchange Limited (NGX) closed last week on a positive note as the All-Share Index rose by 1.46 percent supported by strong buying interest in consumer goods, banking and insurance stocks.
The market capitalisation increased by ₦966 billion in the four-day trading week ended Friday, April 25, 2025.
The NGX All-Share Index advanced from the previous week’s close of 104233.81 points to 105752.61 points while the equities market capitalisation grew from ₦65.499 trillion to ₦66.465 trillion.
The positive momentum was driven by renewed investor confidence following the release of first-quarter earnings reports from several listed companies.
Analysts noted that strong corporate performances, particularly in the consumer and banking sectors, provided the catalyst for increased buy-side activities during the week.
The market recorded three days of gains and one day of decline as investors responded positively to earnings season updates.
Stocks in the industrial and oil and gas sectors witnessed moderate selling pressure as investors rotated portfolios into sectors with stronger short-term growth prospects.
In a notable development, Legend Internet Plc, Nigeria’s leading last-mile fiber-to-the-home broadband provider, successfully listed 2 billion ordinary shares at ₦5.64 per share by way of introduction on the NGX Main Board.
The listing added ₦11.28 billion to the market capitalisation and highlighted the growing interest in Nigeria’s tech sector.
By the close of trading on Friday, Legend Internet’s stock price had risen to ₦6.82 per share.
Overall, the Nigerian equities market posted a year-to-date return of 2.75 percent as of April 25, 2025, a moderate recovery from earlier periods of volatility.
Market analysts expect continued investor engagement in the coming weeks, driven by the ongoing earnings season and sector-specific opportunities.
The Federal Government had earlier declared Monday, April 21 a public holiday to mark the 2025 Easter celebration.
Investors will be watching this week’s trading sessions for further corporate earnings releases and updates from monetary authorities that could influence market direction.
