The Nigerian Exchange (NGX) wrapped up July 2025 on a remarkably bullish note, capping off a month-long rally with a staggering ₦12.62 trillion boost in market capitalisation. The All-Share Index (ASI) advanced by 0.42% on the final trading day of the month, reaching an unprecedented 139,863.67 points, up from 139,278.67 points.
This final uptick on Thursday, July 31, marked the 21st consecutive day of gains, pushing the month-to-date return to 17.03%. On a week-on-week basis, the ASI rose 3.97%, while the year-to-date gain climbed to 34.60%, reflecting sustained investor confidence.
Strong Trading Activity
Trading volume surged to 1.1 billion shares, valued at ₦32.99 billion, exchanged across 37,365 deals. Compared to the previous session, this represented a 24% increase in volume, a 2% dip in turnover, and a 3% rise in deal count.
Market Breadth: More Losers Than Gainers
Out of 127 listed equities that participated in the session, 28 closed in the green, while 54 declined.
- Top gainers included:
- UAC of Nigeria: +10%, closing at ₦80.30
- Wema Bank: +10%
- Guinness Nigeria: +9.96%
- Skyway Aviation Handling Company: +9.95%
- Mecure Industries: +9.69%
- Biggest losers included:
- The Initiates Plc: -10%, closing at ₦13.50
- AXA Mansard Insurance, Learn Africa, FTN Cocoa Processors: -10% each
- Ikeja Hotel: -9.96%
- HMC Allied Devices: -9.94%
Volume and Value Leaders
- Most traded stocks by volume:
- FCMB Group: 121.5 million shares
- Universal Insurance: 91.5 million shares
- Fidelity Bank: 81.1 million shares
- Regency Alliance Insurance: 64.5 million shares
- Top value drivers:
- Lafarge Africa: ₦3.53 billion
- Dangote Cement: ₦2.85 billion
- MTN Nigeria: ₦2.83 billion
- GTCO: ₦2.45 billion
- Fidelity Bank: ₦1.7 billion
Indices Performance
All major sector indices closed positive:
- Top 30 Index: +0.5%
- Industrial Index: +1.35%
- Premium Index: +1.04%
- Oil & Gas Index: +0.94%
- Pension Index: +0.35%
- Banking Index: +0.08%
By month-end, total market capitalisation stood at ₦88.4 trillion, underpinned by strong investor sentiment and increased positioning across key sectors, particularly in anticipation of upcoming earnings reports and broader macroeconomic reforms.
A Strong Penultimate Session
The penultimate trading day, Wednesday, July 30, also saw robust activity. The ASI rose by 1,365.80 points, or 0.99%, closing at 139,278.67 points. That single-day gain contributed to a weekly increase of 5.07%, a four-week rise of 16.32%, and a year-to-date gain of 35.32%.
