The Nigerian equities market has recorded a remarkable 10-day winning streak, resulting in a substantial gain of N6.902 trillion for investors.
Also, this led to market capitalization crossing the N83 trillion mark. This impressive performance underscores the market’s resilience and investor confidence, driven by positive market sentiment and robust trading activities.
The overall market performance measure All-Share Index (ASI), which tracks the general market movement of all listed equities on the Exchange, rose by 8.76 per cent to close at 131,585.66 points on July 18, 2025 from 120,989.66 points it opened trading on July 7, 2025. Also, the market capitalisation gained N6.902 trillion to close on July 18, 2025 at N83.241 trillion from N76.339 trillion at which it opened for trading activities on July 7, 2025.
Market analysts noted that this robust performance lifted the year-to-date (YTD) return to 27.84 per cent, underpinned by persistent investor optimism and growing confidence in the resilience of the domestic bourse.
Reviewing yesterday’s trading session, the Nigerian equities market sustained its bullish momentum this week, as the NGX All-Share Index (ASI) advanced by 1.00 per cent to close at 131,585.66 points. The market capitalization also recorded an increase of N823 billion to close at N83.24 trillion, signaling improved market liquidity and strong appetite for fundamentally sound equities.
The market breadth remained positive, with 46 gainers outpacing 25 decliners, indicating that while some investors engaged in profit-taking, bullish sentiment remained dominant across the board. Learn Africa, NCR Nigeria and UPDC emerged the highest price gainer of 10 per cent each to close at N6.27, N6.60 and N4.84 respectively, per share.
Ellah Lakes and BUA Cement followed with a gain of 9.98 per cent to close at N10.80 and N123.40 respectively, while FTN Cocoa processors advanced by 9.97 per cent to close at N6.95, per share.
On the other side, Red Star Express led others on the losers’ chart with 9.97 per cent to close at N12.92, per share. Union Dicon Salt followed with a decline of 9.62 per cent to close at N10.80, while Academy Press fell by 6.67 per cent to close at N7.00, per share.
Sterling Financial Holdings Company lost 4.34 per cent to close at N6.17, while First HoldCo depreciated by 4.10 per cent to close at N33.95, per share.
The total volume of trade increased by 180.57 per cent to 3.348 billion units, valued at N62.388 billion and exchanged in 28,593 deals. Transactions in the shares of FCMB Group led the activity with 1.310 billion shares worth N12.627 billion. Fidelity Bank followed with 1.151 billion shares valued at N23.036 billion, while Access Holdings traded 113.804 million shares valued at N3.070 billion.
Chams Holding Company traded 92.621 million shares worth N293.873 million, while Zenith Bank traded 50.705 million shares worth N3.662 billion.
