Nigeria’s equity market concluded the week ending July 25, 2025, with strong performance as the All-Share Index (ASI) advanced by 2,867.27 points, extending its positive run to nine straight weeks.
Beginning the week at 131,585.66 points, the All-Share Index climbed 2.18% to finish at 134,452.93, approaching the 135,000 threshold despite reduced trading activity.
Weekly share volume declined to 3.6 billion, compared to the previous week’s 5.9 billion shares traded.
Notwithstanding the volume decrease, market optimism remained strong, boosting the overall market and increasing total capitalisation from N83.2 trillion to N85.05 trillion.
Market breadth showed significant improvement, with 60 stocks recording advances, up from the prior week’s 49. Conversely, 43 equities posted declines, fewer than the previous week’s 54 losers. Meanwhile, 44 stocks remained unchanged from their previous week’s closing levels.
The Nigerian equity market sustained bullish momentum across all five trading days, with the All-Share Index registering daily gains.
Monday opened with moderate growth, followed by Tuesday’s stronger performance that lifted the index beyond 132,000. Wednesday delivered modest progress, but Thursday’s bullish energy intensified, pushing the index above 133,000. Friday concluded the rally with an exceptional performance, adding 1,252.96 points in the week’s strongest single-day advance.
The NGX Premium Index gained 1.37%, supported by LAFARGE’s 9.69% surge, FIRSTHOLDCO’s 6.6% increase, and sub-4% gains in ACCESSCORP, ZENITH BANK, and UBA. The NGX 30 Index rose 2.03%, while the Main Board Index topped gains with a 2.62% increase.
Industrial Goods led sectoral performance with a 4.66% rise, supported by strong performances including CUTIX’s 10% jump, LAFARGE’s 9.69% gain, BUA CEMENT’s 9.40% advance, and BETA GLASS’s 4.81% increase. Insurance followed with 3.07% growth, driven by INTERNATIONAL ENERGY INSURANCE’s 19% rally and SOVEREIGN TRUST INSURANCE’s 16.3% surge. The Consumer Goods Index climbed 2.81%, while banking advanced 1.84%, powered by WEMA BANK’s remarkable 23.60% leap. The Oil and Gas Index also posted positive territory with 0.87% growth, as OANDO defied broader sector trends with an impressive 18.91% gain.
THE INITIATES PLC topped weekly gainers with a remarkable 60.82% surge, followed closely by ACADEMY PRESS’s 33.00% advance.
Additional notable gainers included Nigerian Enamelware Plc (up 32.68% to N27.00), Wema Bank Plc (up 23.60% to N19.90), Presco Plc (up 22.53% to N1,550.00), Nigerian Exchange Group (up 19.46% to N79.80), International Energy Insurance Plc (up 19.00% to N2.38), Oando Plc (up 18.91% to N60.05), Nigerian Aviation Handling Company Plc (up 17.06% to N117.00), and Sovereign Trust Insurance Plc (up 16.30% to N1.57).
SECURE ELECTRONIC TECHNOLOGY PLC headed weekly decliners with a 23.97% drop, followed by OMATEK VENTURES PLC’s 23.93% decline.
Other significant losers included Meyer Plc (down 21.43% to N16.50), Neimeth International Pharmaceuticals Plc (down 19.25% to N6.50), Associated Bus Company Plc (down 18.76% to N4.59), Tripple Gee and Company Plc (down 18.75% to N3.51), Thomas Wyatt Nigeria Plc (down 18.35% to N3.07), Union Dicon Salt Plc (down 16.67% to N9.00), Tantalizers Plc (down 16.61% to N2.46), and Haldane McCall Plc (down 16.34% to N4.30).
The week featured numerous corporate announcements and significant developments across various sectors. Lafarge Africa published its unaudited Q2 and H1 2025 financial results, providing mid-year performance insights. Oando Plc announced plans for N500 billion capital raising through a proposed 10 billion new share issuance. Multiple companies, including Academy Press, Dangote Cement, Airtel Africa, Okomu Oil, BUA Cement, Transcorp Hotels, and Champion Breweries, released their Q2 2025 results. Guinness Nigeria published full-year financials for the period ending June 30, 2025. Okomu Oil declared a final N30 dividend for eligible shareholders. Eterna Plc obtained shareholder consent to raise N50 billion in capital at its 32nd Annual General Meeting.
The Nigerian equity market concluded the week strongly, with the All-Share Index finishing above 134,000.
Looking forward, the rally may persist if leading stocks maintain momentum and investors avoid perceiving the market as overvalued. Without significant corrections, the ASI could surpass the 135,000 level in upcoming sessions.
