The Nigerian Exchange (NGX) closed the trading week ending July 4, 2025, on a positive trajectory. The All-Share Index (ASI) advanced by 993.90 points, reaching 120,989.66, a 0.83% increase from the prior week’s close of 119,995.76.
This upswing was largely fueled by strong investor interest in insurance and consumer goods stocks, driving the benchmark closer to the 121,000 threshold.
Market activity saw a significant boost, with weekly trade volume jumping to 4.8 billion shares compared to 3.7 billion the previous week. Total market capitalisation climbed to N76.3 trillion, up from N75.9 trillion.
Market breadth remained unchanged, with 78 gainers and 20 losers. Meanwhile, 49 equities recorded no price movement.
Trading began cautiously, as Monday and Tuesday saw declines that pushed the index to 119,741.23. A turnaround began midweek, with Wednesday’s rally lifting the ASI back above 120,000, and Thursday’s gains pushing it over 120,900. Despite subdued trading on Friday, the market ended the week firmly in the green.
The NGX Premium Index slipped by 0.77%, primarily due to losses in heavyweights like DANGOTE CEMENT (-3.41%) and FBN HOLDINGS (-2.67%). In contrast, the NGX 30 Index rose by 0.40%, reflecting strength among top-tier stocks.
The NGX Main Board Index posted a robust 1.63% gain.
Leading sectoral performers included:
NGX Insurance Index: +5.86%, driven by INTERNATIONAL ENERGY INSURANCE (+35.43%) and MUTUAL BENEFITS ASSURANCE (+33.33%).
NGX Consumer Goods Index: +4.08%, bolstered by CHAMPION BREWERIES (+32%), MCNICHOLS (+28%), and HONEYWELL FLOUR (+21%).
NGX Oil & Gas Index: +0.77%
NGX Banking Index: +0.12%
Only the NGX Industrial Goods Index declined, falling 2.11%.
Biggest Gainers and Decliners
Top Gainers:
MEYER Plc: +60.11%
RT BRISCOE: +50.83%
FTN Cocoa Processors Plc: +40.24%
UPDC Plc: +34.66%
Neimeth Pharmaceuticals: +33.00%
Caverton Offshore Support: +32.18%
Omatek Ventures: +28.17%
Top Losers:
PZ Cussons Nigeria Plc: -14.96%
Julius Berger Nigeria Plc: -9.97%
SCOA Nigeria Plc: -9.83%
VFD Group Plc: -5.41%
Haldane McCall Plc: -4.76%
Stanbic IBTC Holdings: -3.45%
Multiverse Mining & Exploration: -3.43%
Linkage Assurance: -3.23%
Jaiz Bank Plc: -3.08%
A number of corporate updates were released during the week, further boosting investor sentiment. With the ASI now hovering near the 121,000 mark, and optimism prevailing among large- and mid-cap equities, analysts suggest the market may maintain its bullish trend into the coming sessions.
SOURCE: news.ngan
