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Nigerian Equities Gain 2.18% as NGX Market Capitalisation Hits ₦85.06 Trillion

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Nigerian Stock Exchange

The Nigerian Exchange (NGX) closed the trading week ended July 25, 2025, on a positive note as the All-Share Index (ASI) and market capitalisation advanced by 2.18 percent to settle at 134,452.93 points and ₦85.06 trillion, respectively.

The bullish performance was supported by strong investor interest across key sectors, particularly in financial services, agriculture, and oil and gas.

Market Turnover

A total of 3.691 billion shares worth ₦112.26 billion were traded in 138,250 deals during the week. This represents a significant decline compared to the previous week’s 17.498 billion shares valued at ₦500.76 billion exchanged in 142,082 deals.

  • Financial Services Industry led with 2.127 billion shares worth ₦47.30 billion in 57,121 deals, contributing 57.62% of volume and 42.13% of value.

  • Agriculture Industry followed with 273.69 million shares worth ₦12.87 billion in 11,284 deals.

  • Oil and Gas Industry placed third, recording 255.14 million shares valued at ₦11.81 billion in 10,706 deals.

Top traded equities were Access Holdings Plc, United Bank for Africa Plc, and Japaul Gold & Ventures Plc, accounting for 745.39 million shares worth ₦19.46 billion, representing 20.19% of total volume and 17.33% of total value.

Daily Turnover Summary

  • July 21: 706.04m shares worth ₦21.56bn traded in 30,750 deals.

  • July 22: 771.65m shares worth ₦26.79bn traded in 32,734 deals.

  • July 23: 681.24m shares worth ₦17.02bn traded in 26,931 deals.

  • July 24: 818.39m shares worth ₦22.67bn traded in 22,955 deals.

  • July 25: 713.72m shares worth ₦24.23bn traded in 24,880 deals.

Index Performance

All major indices closed higher except the NGX ASeM Index, which remained flat. Notable performers include:

  • NGX Industrial Goods Index: up 4.66%

  • NGX MERI Growth Index: up 4.42%

  • NGX Lotus II: up 3.42%

  • NGX Insurance Index: up 3.07%

  • NGX AFR Dividend Yield Index: up 3.16%

NGX All-Share Index: 134,452.93 points (+2.18% WtD, +12.06% MtD, +30.63% YtD).

Market Breadth

Market breadth was positive:

  • 60 equities gained, higher than 49 in the prior week.

  • 43 equities declined, compared to 54 last week.

  • 44 equities remained unchanged, the same as the previous week.

Top 10 Gainers

  • The Initiates Plc: ₦16.13 (+60.82%)

  • Academy Press Plc: ₦9.31 (+33.00%)

  • Nigerian Enamelware Plc: ₦27.00 (+32.68%)

  • Wema Bank Plc: ₦19.90 (+23.60%)

  • Presco Plc: ₦1,550.00 (+22.53%)

  • Nigerian Exchange Group Plc: ₦79.80 (+19.46%)

  • International Energy Insurance Plc: ₦2.38 (+19.00%)

  • Oando Plc: ₦60.05 (+18.91%)

  • NAHCO Plc: ₦117.00 (+17.06%)

  • Sovereign Trust Insurance Plc: ₦1.57 (+16.30%)

Top 10 Losers

  • Secure Electronic Technology Plc: ₦0.92 (-23.97%)

  • Omatek Ventures Plc: ₦1.24 (-23.93%)

  • Meyer Plc: ₦16.50 (-21.43%)

  • Neimeth Pharmaceuticals Plc: ₦6.50 (-19.25%)

  • Associated Bus Company Plc: ₦4.59 (-18.76%)

  • Tripple Gee and Company Plc: ₦3.51 (-18.75%)

  • Thomas Wyatt Plc: ₦3.07 (-18.35%)

  • Union Dicon Salt Plc: ₦9.00 (-16.67%)

  • Tantalizers Plc: ₦2.46 (-16.61%)

  • Haldane McCall Plc: ₦4.30 (-16.34%)

Outlook

The week’s performance underscores sustained investor confidence despite a drop in turnover volume and value compared to the prior week.

Analysts expect continued momentum in the banking and industrial goods sectors, with earnings season disclosures likely to drive trading activity in the coming weeks.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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