The Nigerian Exchange Limited (NGX) recorded a positive performance in the week ended July 4th, 2025, as robust investor activity in the Financial Services and Oil & Gas sectors pushed major indices higher amid sustained turnover and improved sentiment.
A total of 5.466 billion shares worth ₦108.099 billion were traded in 118,570 deals, compared to the previous week when 3.903 billion shares valued at ₦102.221 billion were traded in 114,484 deals.
The Financial Services Industry led the activity chart by volume with 2.739 billion shares valued at ₦34.538 billion in 42,646 deals, accounting for 50.12% and 31.95% of total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 852.04 million shares worth ₦39.838 billion in 10,555 deals, while the Services Industry recorded a turnover of 400.19 million shares valued at ₦2.517 billion in 9,214 deals.
The three most traded equities by volume were Royal Exchange Plc, Access Holdings Plc, and Japaul Gold & Ventures Plc, which jointly accounted for 1.688 billion shares worth ₦12.816 billion in 8,036 deals, contributing 30.88% and 11.86% to total equity turnover volume and value respectively.
Market Indices Close Positive
The NGX All-Share Index (ASI) appreciated by 0.83% to close at 120,989.66, while the Market Capitalization increased by 0.50% to settle at ₦76.339 trillion.
Most sectoral indices closed in the green. Notable gains were recorded in the NGX Insurance Index, up 5.86%, and the NGX Consumer Goods Index, which advanced by 4.08%. The NGX Growth Index saw the highest jump, rising 8.04% week-on-week. However, the NGX Premium Index and NGX Industrial Goods Index declined by 0.77% and 2.11% respectively.
Gainers, Losers, and Dividends
Investor sentiment remained strong as 78 equities appreciated in price, same as the previous week, while 20 equities declined, lower than the 27 recorded in the preceding week. The number of unchanged equities rose to 49 from 43 previously.
Top gainers for the week include:
-
Meyer Plc, which led the chart with a 60.11% gain.
-
R T Briscoe Plc advanced by 50.83%.
-
FTN Cocoa Processors Plc, International Energy Insurance Plc, and UPDC Plc recorded gains of 40.24%, 35.43%, and 34.66% respectively.
On the flip side, PZ Cussons Nigeria Plc topped the losers list with a 14.96% drop, followed by Julius Berger Nigeria Plc, down 9.97%, and SCOA Nigeria Plc, which shed 9.83%.
Dividend activities during the week saw companies such as MCNichols Plc, Sterling Financial Holdings, BUA Cement Plc, and Livingtrust Mortgage Bank Plc trade ex-dividend.
Outlook
Market analysts expect trading activity to remain strong in the near term as investors position ahead of half-year corporate earnings and interim dividend declarations. However, macroeconomic headwinds and sectoral shifts could drive cautious sentiment.
