Nigerian Stock Market Ends Week Bullish, Gains N1.08 Trillion

BY favour momodu
July 11, 2025
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The Nigerian stock market ended the week on a strong bullish note, adding N1.077 trillion to investors’ wealth amid a surge in demand for key banking stocks.

According to figures from the Nigerian Exchange Limited (NGX), the market capitalisation rose by 1.37 per cent to N79.803 trillion on Friday, up from N78.726 trillion on Thursday. Similarly, the All-Share Index (ASI) climbed by 1,702.79 points, or 1.37 per cent, closing at 126,149.59 from 124,446.80.

The week’s rally was driven by heightened investor interest in banking equities such as FBN Holdings, United Bank for Africa, and FCMB.

Market breadth closed positive with 62 stocks recording gains against 25 decliners. Guinness Nigeria led the gainers, appreciating by 10 per cent to close at N96.80. Cadbury Nigeria and NEM Insurance also advanced by 10 per cent each, closing at N60.50 and N22.00 respectively. Consolidated Hallmark Holdings rounded out the top gainers with a 10 per cent rise to N3.63 per share.

Conversely, Learn Africa topped the losers’ chart, declining by 8.66 per cent to N6.01, followed by Tantalizer which dropped 6.25 per cent to close at N3.00. Prestige Assurance and Regalins also shed 6.02 per cent and 5.62 per cent respectively. Oando Plc lost 4.61 per cent to settle at N51.70.

Trading volume rose slightly with 1.39 billion shares worth N30.55 billion exchanged in 33,399 deals, surpassing the 1.3 billion shares worth N27.73 billion traded in 27,875 deals in the previous session. Access Corporation led the activity chart with 172.92 million shares valued at N4.16 billion.