Nigerian Exchange Limited
Weekly Market Performance: NGX Index Gains 4.31% as Turnover Hits ₦500.76 Billion
The Nigerian Exchange (NGX) closed with a 4.31% gain last week as the All-Share Index (ASI) settled at 131,585.66 points.
Market capitalisation rose concurrently to ₦83.24 trillion, supported by strong buying interest in the financial and industrial goods sectors.
All major indices posted gains except for NGX Insurance (-3.65%), NGX ASeM (-9.56%), NGX Oil and Gas (-0.76%), NGX Growth (-4.80%), and NGX Sovereign Bond (-0.57%).
Index Movement Summary (Week Ended July 18, 2025)
| Index | Previous Close | Current Close | WtD Change (%) |
|---|---|---|---|
| NGX All-Share Index | 126,149.59 | 131,585.66 | +4.31% |
| NGX Premium Index | 12,468.17 | 13,337.48 | +6.97% |
| NGX Banking Index | 1,457.87 | 1,536.06 | +5.36% |
| NGX Industrial Goods Index | 3,681.23 | 4,386.79 | +19.17% |
| NGX Consumer Goods Index | 2,781.37 | 2,818.54 | +1.34% |
Turnover Surge Driven by High-Volume Blue-Chip Trades
A total of 17.50 billion shares worth ₦500.76 billion were traded in 142,082 deals during the week, up from 5.39 billion shares valued at ₦107.81 billion recorded in the previous week.
The Financial Services sector accounted for over 90% of total turnover, led by heavy activity in First HoldCo Plc, FCMB Group Plc, and Fidelity Bank Plc. Combined, the trio contributed 13.23 billion shares worth ₦367.50 billion, amounting to 75.60% and 73.39% of the week’s total volume and value, respectively.
Daily Equity Turnover Summary
| Date | Volume Traded | Value (₦) | Deals |
|---|---|---|---|
| July 14, 2025 | 1.29 billion | ₦32.20 billion | 39,431 |
| July 16, 2025 | 11.67 billion | ₦363.41 billion | 36,639 |
| July 17, 2025 | 1.19 billion | ₦42.76 billion | 37,418 |
| July 18, 2025 | 3.35 billion | ₦62.39 billion | 28,594 |
Market Breadth Turns Negative
The market recorded 49 gainers, 54 decliners, and 44 unchanged equities, indicating increased volatility from the previous week’s 90 gainers and 16 losers.
Top 10 Gainers (Week Ended July 18, 2025)
| Company | Open (₦) | Close (₦) | Change (₦) | % Change |
|---|---|---|---|---|
| Eunisell Interlinked Plc | 13.50 | 17.90 | +4.40 | +32.59% |
| BUA Cement Plc | 94.00 | 123.40 | +29.40 | +31.28% |
| Associated Bus Co. Plc | 4.40 | 5.65 | +1.25 | +28.41% |
| Industrial & Medical Gases Nig. | 34.00 | 42.45 | +8.45 | +24.85% |
| Secure Electronic Tech. Plc | 1.00 | 1.21 | +0.21 | +21.00% |
| Tripple Gee and Co. Plc | 3.58 | 4.32 | +0.74 | +20.67% |
| Nestle Nigeria Plc | 1,500.00 | 1,800.00 | +300.00 | +20.00% |
| Stanbic IBTC Holdings Plc | 84.05 | 99.50 | +15.45 | +18.38% |
| CAP Plc | 61.30 | 71.90 | +10.60 | +17.29% |
| Dangote Cement Plc | 425.00 | 495.00 | +70.00 | +16.47% |
Top 10 Decliners (Week Ended July 18, 2025)
| Company | Open (₦) | Close (₦) | Change (₦) | % Change |
|---|---|---|---|---|
| Academy Press Plc | 9.25 | 7.00 | -2.25 | -24.32% |
| R.T. Briscoe Plc | 4.40 | 3.40 | -1.00 | -22.73% |
| Cutix Plc | 4.60 | 3.70 | -0.90 | -19.57% |
| Caverton Offshore Support | 8.00 | 6.46 | -1.54 | -19.25% |
| Champion Breweries Plc | 14.90 | 12.29 | -2.61 | -17.52% |
| Consolidated Hallmark Holdings | 3.63 | 3.00 | -0.63 | -17.36% |
| Universal Insurance Plc | 0.87 | 0.72 | -0.15 | -17.24% |
| Legend Internet Plc | 7.00 | 5.85 | -1.15 | -16.43% |
| Ellah Lakes Plc | 12.63 | 10.80 | -1.83 | -14.49% |
| University Press Plc | 6.70 | 5.80 | -0.90 | -13.43% |
Outlook
With NGX witnessing its strongest turnover so far in 2025, market analysts expect sustained institutional activity, especially in banking and industrial stocks.
Investor sentiment remains cautiously optimistic as macroeconomic variables continue to stabilize.
Barring external shocks, positive momentum is likely to persist in the near term, anchored by blue-chip resilience and earnings season catalysts.