The Nigerian equities market concluded the trading week ending July 11, 2025, with remarkable strength, as investor enthusiasm and robust activity propelled the All-Share Index (ASI) to an impressive 4.26% weekly gain. The index advanced by 5,159.93 points, rising from 120,989.66 to 126,149.59, marking the seventh straight week of upward movement.
This strong momentum was largely powered by sustained rallies in high-cap banking stocks, underscoring renewed investor confidence. Trading activity also improved significantly, with total volume climbing to 5.3 billion shares, compared to 4.8 billion in the preceding week, reflecting healthy market participation.
In tandem with the index performance, market capitalization expanded notably, increasing from ₦76.8 trillion to ₦79.8 trillion — inching closer to the historic ₦80 trillion mark.
Market Breadth and Sentiment
The broader market reflected widespread bullish sentiment:
- 90 equities recorded gains, up from 78 in the previous week.
- Only 16 stocks declined, fewer than the 20 losers recorded earlier.
- 41 equities remained unchanged.
Weekly Market Trend
The market posted gains on all trading days within the week under review:
- The rally began on Monday with a 371.6-point gain.
- By Wednesday, the ASI had firmly crossed the 121,000 level.
- A substantial breakout on Thursday pushed the index past the 124,000 threshold, driven by aggressive buying.
- The momentum persisted into Friday, sealing the week with broad-based gains.
Index Performance
- The NGX Premium Index jumped 8.14%, driven by stellar returns from:
“ZENITHBANK (21.2%), UBA (19.6%), LAFARGE (14.6%), FIRSTHOLD (14.3%), MTNN (10.5%), and ACCESSCORP (10.2%).”
- The NGX 30 Index rose 3.89%, while the NGX Main Board Index climbed 2.33%.
Sectoral Highlights
- Insurance led sector performance with a 13.83% gain, supported by:
“AIICO (41.9%), Universal Insurance (33.9%), MANSARD (28.4%), NEM (22.2%), and Consolidated Hallmark (21%).”
- The Banking Index followed closely with a 12.49% rise, driven by:
“ZENITHBANK (21.2%), UBA (19.6%), FIRSTHOLD (14.3%), GTCO (13.1%), ACCESSCORP (10.2%), and ECOBANK (9.5%).”
- The Industrial Goods and Consumer Goods indices also closed higher, up 2.94% and 2.18% respectively.
- The Oil and Gas Index, however, slipped 0.72%, dragged down by:
“OANDO and ETERNA.”
Top Gainers
Leading the weekly gainers was FTN Cocoa Processors Plc, which surged 60.60%, followed closely by Red Star Express Plc, up 60.57%.
Other notable performers:
- Omatek Ventures Plc: +60.44% to ₦1.46
- C & I Leasing Plc: +60.33% to ₦8.77
- Meyer Plc: +60.07% to ₦23.45
- Thomas Wyatt Nig Plc: +59.56% to ₦3.59
- Ellah Lakes Plc: +55.93% to ₦12.63
- Nigerian Exchange Group: +54.85% to ₦71.85
- Academy Press Plc: +49.42% to ₦9.25
- Associated Bus Company Plc: +49.15% to ₦4.40
Top Losers
Legend Internet Plc led the laggards with a 12.50% decline, while International Energy Insurance Plc dropped 6.75%.
Additional decliners included:
- Oando Plc: –6.09% to ₦51.70
- Prestige Assurance Plc: –5.30% to ₦1.25
- eTranzact International Plc: –4.92% to ₦8.70
- Cornerstone Insurance Plc: –4.67% to ₦4.29
- Sunu Assurances Nigeria Plc: –4.20% to ₦4.79
- Northern Nigeria Flour Mills Plc: –4.17% to ₦103.50
- Eterna Plc: –3.49% to ₦41.50
- Presco Plc: –3.29% to ₦1,233.00
Corporate Actions
The week was marked by major corporate announcements and activity:
- Presco Plc declared a ₦42.00 per share final dividend for shareholders.
- GTCO achieved a significant milestone by:
“Listing 2.29 billion shares on the London Stock Exchange’s Main Market.”
- In a related move, GTCO also listed:
“2.28 billion additional shares on the Nigerian Exchange.”
- Chapel Hill Denham released its H1 2025 results for the Nigeria Infrastructure Debt Fund, announcing:
“An income distribution of ₦5.20 per unit for eligible unitholders.”
- Geregu Power Plc published its Q2 2025 financial statement, offering insights into its performance at mid-year.
Market Outlook
The Nigerian stock market remains on a strong upward trajectory, having successfully crossed both the 120,000 and 125,000 psychological benchmarks. With Q2 earnings season approaching, investor sentiment is expected to stay positive—unless profit-taking sets in due to overbought conditions.
If momentum holds and corporate results meet expectations, the All-Share Index could maintain its bullish path in the coming sessions.
