Nigerian Stock Market Gains N1.185 Trillion in One Day as Oando, Dangote Sugar Lead Bullish Rally
The Nigerian Exchange Limited (NGX) recorded an unprecedented surge on Wednesday, June 26, 2025, with market capitalisation rising by a staggering ₦1.185 trillion in a single day. This bullish performance was driven primarily by impressive gains from top-tier stocks such as Oando Plc, Dangote Sugar Refinery, and others across key sectors.
The market capitalisation climbed from ₦75.576 trillion to ₦76.761 trillion, marking a 1.57% increase. Similarly, the All-Share Index (ASI) jumped by 1,466.87 points to close at 121,257.69, crossing the 120,000-point threshold for the first time in the history of the NGX.
Among the biggest contributors to the rally was Oando Plc, which posted a maximum gain of 10%, closing at ₦68.75. The oil and gas company has seen renewed investor interest following its recent strong earnings report, which showed a 90.5% increase in profit for Q1 2025. Also performing strongly was Dangote Sugar Refinery, which gained ₦4.40 to close at ₦48.40, representing another 10% increase.
Other notable gainers included C&I Leasing at ₦5.18 (+9.98%), Champion Breweries at ₦10.91 (+9.98%), and CWG at ₦11.60 (+9.95%). In total, 63 stocks recorded gains during the session, while 17 closed in the red, highlighting a broad-based positive market sentiment.
Trading activity was also robust, with investors exchanging over 861.7 million shares in 22,896 deals, valued at ₦26.176 billion. Fidelity Bank led the volume chart with 82.98 million shares, followed by Caverton Offshore Support, Zenith Bank, Japaul Gold, and Access Holdings.
Analysts attribute the market rally to growing investor confidence in the Nigerian equities space, driven by strong earnings, economic policy optimism, and strategic portfolio rebalancing. The NGX has now recorded a 17.81% year-to-date return and an 8.52% month-to-date increase, reinforcing its position as one of the top-performing African stock markets in 2025.
The latest surge signals increasing investor appetite for blue-chip and consumer-focused stocks, as the Nigerian economy continues to show signs of resilience amid global uncertainties. With positive momentum building, market watchers expect continued strength, especially if macroeconomic indicators remain favourable and corporate results keep impressing.
