The Nigerian Exchange (NGX) closed the trading week ended July 11, 2025, on a bullish note as the All-Share Index (ASI) rose by 4.26% to settle at 126,149.59 points.
Market capitalization followed suit, appreciating by 4.54% to close at N79.803 trillion on sustained investor optimism and strong sectoral performance across key indices.
Weekly Market Activity
A total of 5.390 billion shares valued at N107.811 billion were exchanged in 134,390 deals, slightly lower than the 5.466 billion shares worth N108.099 billion traded the previous week in 118,570 deals.
The marginal decline in turnover did not dampen investor sentiment as gains were driven by increased participation across major sectors.
The Financial Services Industry led the activity chart, accounting for 3.019 billion shares worth N56.244 billion in 55,574 deals, contributing 56.00% and 52.17% to total equity volume and value, respectively.
The Oil and Gas Industry followed with 565.65 million shares worth N8.11 billion, while the Services Industry traded 466.15 million shares valued at N2.59 billion.
Top trading equities by volume were Access Holdings Plc, Japaul Gold & Ventures Plc, and AIICO Insurance Plc, jointly accounting for 1.396 billion shares valued at N15.835 billion in 12,828 deals, representing 25.90% and 14.69% of the total market turnover volume and value, respectively.
Performance by Indices
Aside from the NGX Oil/Gas Index, which dipped 0.72%, all other sectoral indices closed the week in positive territory. Notable gainers included:
-
NGX Insurance Index: up 13.83%
-
NGX Banking Index: up 12.49%
-
NGX AFR Bank Value Index: up 14.98%
-
NGX MERI Value Index: up 12.49%
-
NGX Premium Index: up 8.14%
These gains were supported by renewed interest in financial stocks and stable macroeconomic indicators, further reinforced by positive company-specific news and dividend-related activities.
Market Breadth
Investor sentiment was overwhelmingly positive, with 90 equities appreciating in price, compared to 78 in the previous week. Only 16 equities declined, lower than 20 from the prior week, while 41 equities remained unchanged.
Top 10 Gainers
| Company |
Open (₦) |
Close (₦) |
Gain (₦) |
% Change |
| FTN Cocoa Processors Plc |
4.67 |
7.50 |
2.83 |
60.60% |
| Red Star Express Plc |
8.37 |
13.44 |
5.07 |
60.57% |
| Omatek Ventures Plc |
0.91 |
1.46 |
0.55 |
60.44% |
| C & I Leasing Plc |
5.47 |
8.77 |
3.30 |
60.33% |
| Meyer Plc |
14.65 |
23.45 |
8.80 |
60.07% |
| Thomas Wyatt Nigeria Plc |
2.25 |
3.59 |
1.34 |
59.56% |
| Ellah Lakes Plc |
8.10 |
12.63 |
4.53 |
55.93% |
| Nigerian Exchange Group |
46.40 |
71.85 |
25.45 |
54.85% |
| Academy Press Plc |
6.17 |
9.25 |
3.08 |
49.92% |
| Associated Bus Company Plc |
2.95 |
4.40 |
1.45 |
49.15% |
Top 10 Decliners
| Company |
Open (₦) |
Close (₦) |
Loss (₦) |
% Change |
| Legend Internet Plc |
8.00 |
7.00 |
-1.00 |
-12.50% |
| International Energy Insurance Plc |
2.37 |
2.21 |
-0.16 |
-6.75% |
| Oando Plc |
55.05 |
51.70 |
-3.35 |
-6.09% |
| Prestige Assurance Plc |
1.32 |
1.25 |
-0.07 |
-5.30% |
| E-Tranzact International Plc |
9.15 |
8.70 |
-0.45 |
-4.92% |
| Cornerstone Insurance Plc |
4.50 |
4.29 |
-0.21 |
-4.67% |
| Sunu Assurances Nigeria Plc |
5.00 |
4.79 |
-0.21 |
-4.20% |
| Northern Nigeria Flour Mills Plc |
108.00 |
103.50 |
-4.50 |
-4.17% |
| Eterna Plc |
43.00 |
41.50 |
-1.50 |
-3.49% |
| Presco Plc |
1,275.00 |
1,233.00 |
-42.00 |
-3.29% |
Outlook
With broad-based gains across key indices and improving investor sentiment, market analysts expect continued positive momentum in the near term, particularly in the banking and insurance sectors. However, potential profit-taking and macroeconomic developments may trigger short-term volatility.
Investors are advised to maintain a balanced portfolio approach while tracking earnings releases, dividend declarations, and regulatory updates.
