MARKET UPDATE: NGX on Track for Its Most Active Year Ever!
The Nigerian Exchange (NGX) is breaking boundaries in 2025 — and it’s only July!
What’s Happening?
The NGX is witnessing an unprecedented surge in activity, putting it on course to surpass all previous trading records.
By the Numbers:
• In just the first 14 trading days of July, turnover hit ₦694 billion (~$454 million).
• That July figure alone accounts for 15% of all market activity in 2025 so far.
• As of July 21, total market turnover has reached ₦4.5 trillion, already 80.5% of the full-year total in 2024 (₦5.53 trillion).
If this pace continues, 2025 will become NGX’s most active year in modern history, outpacing the 2024 record and even the 2008 crisis-era turnover of ₦4.76 trillion.
Foreign Investors Are Back!
One of the key drivers of this boom is renewed foreign interest, thanks to:
• Recent forex policy reforms by the Central Bank
• Improved clarity around FX operations
• Restored investor confidence
Foreign inflows (Jan–May 2025):
₦996 billion (~$638 million) — the highest since 2018 and nearly double last year’s level.
Foreign participation rose from:
• 15% in 2024 to
• 29% by May 2025
Even big players are gaining international visibility — e.g., GTCO Holdings’ listing on the London Stock Exchange earlier this year.
Retail Investors: Quiet Game Changers
While the headlines may focus on foreign flows, local investors are still very much in the game:
Domestic trades (Jan–May 2025): ₦2.4 trillion
• Retail: ₦1.197 trillion (49.5%)
• Institutional: ₦1.22 trillion (50.5%)
This mirrors 2024’s pattern and shows retail investors are consistently active in the market.
Why the interest?
Since 2019, NGX has delivered a 391% cumulative return, making it a major magnet for those seeking long-term wealth creation.
Small Caps, Big Wins!
Beyond big banks and industrial giants, lower and mid-cap stocks are where massive growth has happened:
Examples:
• Presco Plc: +2,000% since 2019
• Transcorp Plc: +1,000% (till Oct. 2024 reconstruction)
• Vitafoam: +1,900%
• UAC Nigeria: +413%
These gains are fueled by strong fundamentals, growth potential, and consistent dividend payouts — showing investors are no longer just chasing names, but value and performance.
What It Means for the Market
With:
✅ Record turnovers
✅ Foreign capital returning
✅ Sustained local participation
✅ Breakout small-cap performance
…the NGX is redefining itself in 2025.
If current trends hold, we could be witnessing the busiest and most transformative year in Nigeria’s capital market history.
The Nigerian Exchange (NGX) is breaking boundaries in 2025 — and it’s only July!
What’s Happening?
The NGX is witnessing an unprecedented surge in activity, putting it on course to surpass all previous trading records.
By the Numbers:
• In just the first 14 trading days of July, turnover hit ₦694 billion (~$454 million).
• That July figure alone accounts for 15% of all market activity in 2025 so far.
• As of July 21, total market turnover has reached ₦4.5 trillion, already 80.5% of the full-year total in 2024 (₦5.53 trillion).
If this pace continues, 2025 will become NGX’s most active year in modern history, outpacing the 2024 record and even the 2008 crisis-era turnover of ₦4.76 trillion.
Foreign Investors Are Back!
One of the key drivers of this boom is renewed foreign interest, thanks to:
• Recent forex policy reforms by the Central Bank
• Improved clarity around FX operations
• Restored investor confidence
Foreign inflows (Jan–May 2025):
₦996 billion (~$638 million) — the highest since 2018 and nearly double last year’s level.
Foreign participation rose from:
• 15% in 2024 to
• 29% by May 2025
Even big players are gaining international visibility — e.g., GTCO Holdings’ listing on the London Stock Exchange earlier this year.
Retail Investors: Quiet Game Changers
While the headlines may focus on foreign flows, local investors are still very much in the game:
Domestic trades (Jan–May 2025): ₦2.4 trillion
• Retail: ₦1.197 trillion (49.5%)
• Institutional: ₦1.22 trillion (50.5%)
This mirrors 2024’s pattern and shows retail investors are consistently active in the market.
Why the interest?
Since 2019, NGX has delivered a 391% cumulative return, making it a major magnet for those seeking long-term wealth creation.
Small Caps, Big Wins!
Beyond big banks and industrial giants, lower and mid-cap stocks are where massive growth has happened:
Examples:
• Presco Plc: +2,000% since 2019
• Transcorp Plc: +1,000% (till Oct. 2024 reconstruction)
• Vitafoam: +1,900%
• UAC Nigeria: +413%
These gains are fueled by strong fundamentals, growth potential, and consistent dividend payouts — showing investors are no longer just chasing names, but value and performance.
What It Means for the Market
With:
✅ Record turnovers
✅ Foreign capital returning
✅ Sustained local participation
✅ Breakout small-cap performance
…the NGX is redefining itself in 2025.
If current trends hold, we could be witnessing the busiest and most transformative year in Nigeria’s capital market history.