NGX Daily Market Summary for Thursdat, August 7, 2025
Market Overview:
The Nigerian Exchange (NGX) ended the day on a positive note, with the All Share Index (ASI) rising by 0.50%, closing at 144,071.78 points. This brings the market’s year-to-date (YTD) gain to an impressive 40.33%, confirming ongoing investor confidence and a bullish undertone.
Trading activity was vibrant. The total volume of shares traded surged to 964.02 million units, and the total market turnover increased by 14.45%, reaching ₦20.77 billion. Market breadth was strongly bullish, with 57 stocks advancing against 24 that declined, giving a breadth ratio of 2.38x—a sign of widespread buying across sectors.
Key Market Trends:
• Insurance Stocks Take the Lead: Insurance companies saw a wave of investor interest, with multiple names such as AIICO, LINKASSURE, VERITASKAP, UNIVINSURE, and WAPIC trading at volumes multiple times their 90-day average. For example, LINKASSURE traded almost 18x above its normal volume, a major signal of institutional accumulation or speculative frenzy.
• Momentum in Focus: Stocks like AIICO Insurance and NEIMETH Pharma posted 10% daily gains with unusually high volumes and strong technical signals. These movements suggest real buying interest rather than short-lived spikes.
• BUA Cement Reverses Course: After rallying earlier in the year, BUA Cement took a 10% hit, showing signs of profit-taking. Despite the fall, the stock remains in overbought territory and could experience further volatility.
• Volatility in Bond ETFs: VETIVA S&P Bond ETF fell by 13%, following recent gains of over 40% in just five days. This sharp move reflects instability in bond-based instruments, likely due to shifting investor sentiment or rebalancing by large players.
Institutional vs. Retail Trading Dynamics:
Institutional investors dominated the value flow, accounting for 86% of the total trade value, despite representing only 41% of total trades. This reflects high-conviction trades in blue-chip stocks and strategic repositioning.
Key institutional trades included:
• GTCO (₦3.83B)
• ZENITHBANK (₦1.12B)
• ACCESSCORP (₦865M)
• MTNN (₦696M)
Retail investors also remained active but tended to follow liquidity, trading the same large-cap names—especially in banking and telecoms—potentially increasing volatility.
Top Performing Stocks:
AIICO Insurance closed at ₦3.19, gaining 10% for the day. This stock has surged more than 100% YTD, driven by aggressive buying, solid momentum, and a dividend yield of 4.13%.
CORNERSTONE Insurance also gained 10%, closing at ₦5.83, supported by bullish technical indicators and a yield of 5.28%, making it attractive for both income and growth investors.
Other strong gainers included:
• GREENWETF, LOTUSHAL15, and MANSARD, all posting 10% gains.
Biggest Decliners:
At the bottom of the performance chart were:
• CHAMS Plc, down 9.94% to close at ₦2.90
• AUSTIN LAZ, losing 9.83% to end the day at ₦2.11
• CAVERTON, UACN, and JOHNHOLT, each shedding over 9%
These drops may be linked to profit-taking, weak momentum, or sector rotation out of recently overbought or underperforming names.
Sector Breakdown & Technical Insights:
• Insurance emerged as the day’s strongest sector. Key names displayed breakouts in price, momentum indicators like RSI (Relative Strength Index) above 70, and rising volumes—hallmarks of institutional interest.
• Banking was mixed. While heavy institutional buying was noted in ZENITHBANK, stocks like ACCESSCORP showed signs of technical weakness, slipping below short-term moving averages.
• Consumer goods and beverages, including names like CADBURY and INTBREW, showed bearish momentum and declining price trends.
• ETFs saw extreme volatility. For instance, MERGROWTH ETF rose 10%, continuing its massive 104% YTD run, while VETSPBOND ETF crashed 13%, reflecting sector-specific rotations or rebalancing by large funds.
Investor Insights & Strategy:
• Momentum Plays: Continue watching AIICO, MBENEFIT, CORNERSTONE, and LINKASSURE for potential continued upside. But trail with caution—many are already in technically “overbought” zones.
• Defensive Picks: Consider dividend-yielding, low-beta stocks like AFRIPRUD and ETI as safe havens in case of market pullback. These offer modest returns but lower volatility.
• Swing Opportunities in ETFs: Traders should monitor MERGROWTH, VETGOODS, and VETSPBOND for sharp price moves. These are high-risk, high-reward instruments requiring tight risk controls.
• Potential Pullbacks: Watch for signs of reversal in overextended names like BUA Cement, which remains technically overbought, and Academy Press, which has been consistently underperforming.
The Big Picture:
The NGX is in a clear “risk-on” environment, with capital flowing into high-growth and momentum names. Insurance, financial services, and select ETFs are leading the charge. However, sharp reversals, especially in overheated names or sectors, remain a real risk.
Investors should balance momentum chasing with caution, pay attention to institutional flows, and prepare for sector rotation, which may come swiftly given recent volatility in ETFs and bond proxies.
Market Overview:
The Nigerian Exchange (NGX) ended the day on a positive note, with the All Share Index (ASI) rising by 0.50%, closing at 144,071.78 points. This brings the market’s year-to-date (YTD) gain to an impressive 40.33%, confirming ongoing investor confidence and a bullish undertone.
Trading activity was vibrant. The total volume of shares traded surged to 964.02 million units, and the total market turnover increased by 14.45%, reaching ₦20.77 billion. Market breadth was strongly bullish, with 57 stocks advancing against 24 that declined, giving a breadth ratio of 2.38x—a sign of widespread buying across sectors.
Key Market Trends:
• Insurance Stocks Take the Lead: Insurance companies saw a wave of investor interest, with multiple names such as AIICO, LINKASSURE, VERITASKAP, UNIVINSURE, and WAPIC trading at volumes multiple times their 90-day average. For example, LINKASSURE traded almost 18x above its normal volume, a major signal of institutional accumulation or speculative frenzy.
• Momentum in Focus: Stocks like AIICO Insurance and NEIMETH Pharma posted 10% daily gains with unusually high volumes and strong technical signals. These movements suggest real buying interest rather than short-lived spikes.
• BUA Cement Reverses Course: After rallying earlier in the year, BUA Cement took a 10% hit, showing signs of profit-taking. Despite the fall, the stock remains in overbought territory and could experience further volatility.
• Volatility in Bond ETFs: VETIVA S&P Bond ETF fell by 13%, following recent gains of over 40% in just five days. This sharp move reflects instability in bond-based instruments, likely due to shifting investor sentiment or rebalancing by large players.
Institutional vs. Retail Trading Dynamics:
Institutional investors dominated the value flow, accounting for 86% of the total trade value, despite representing only 41% of total trades. This reflects high-conviction trades in blue-chip stocks and strategic repositioning.
Key institutional trades included:
• GTCO (₦3.83B)
• ZENITHBANK (₦1.12B)
• ACCESSCORP (₦865M)
• MTNN (₦696M)
Retail investors also remained active but tended to follow liquidity, trading the same large-cap names—especially in banking and telecoms—potentially increasing volatility.
Top Performing Stocks:
AIICO Insurance closed at ₦3.19, gaining 10% for the day. This stock has surged more than 100% YTD, driven by aggressive buying, solid momentum, and a dividend yield of 4.13%.
CORNERSTONE Insurance also gained 10%, closing at ₦5.83, supported by bullish technical indicators and a yield of 5.28%, making it attractive for both income and growth investors.
Other strong gainers included:
• GREENWETF, LOTUSHAL15, and MANSARD, all posting 10% gains.
Biggest Decliners:
At the bottom of the performance chart were:
• CHAMS Plc, down 9.94% to close at ₦2.90
• AUSTIN LAZ, losing 9.83% to end the day at ₦2.11
• CAVERTON, UACN, and JOHNHOLT, each shedding over 9%
These drops may be linked to profit-taking, weak momentum, or sector rotation out of recently overbought or underperforming names.
Sector Breakdown & Technical Insights:
• Insurance emerged as the day’s strongest sector. Key names displayed breakouts in price, momentum indicators like RSI (Relative Strength Index) above 70, and rising volumes—hallmarks of institutional interest.
• Banking was mixed. While heavy institutional buying was noted in ZENITHBANK, stocks like ACCESSCORP showed signs of technical weakness, slipping below short-term moving averages.
• Consumer goods and beverages, including names like CADBURY and INTBREW, showed bearish momentum and declining price trends.
• ETFs saw extreme volatility. For instance, MERGROWTH ETF rose 10%, continuing its massive 104% YTD run, while VETSPBOND ETF crashed 13%, reflecting sector-specific rotations or rebalancing by large funds.
Investor Insights & Strategy:
• Momentum Plays: Continue watching AIICO, MBENEFIT, CORNERSTONE, and LINKASSURE for potential continued upside. But trail with caution—many are already in technically “overbought” zones.
• Defensive Picks: Consider dividend-yielding, low-beta stocks like AFRIPRUD and ETI as safe havens in case of market pullback. These offer modest returns but lower volatility.
• Swing Opportunities in ETFs: Traders should monitor MERGROWTH, VETGOODS, and VETSPBOND for sharp price moves. These are high-risk, high-reward instruments requiring tight risk controls.
• Potential Pullbacks: Watch for signs of reversal in overextended names like BUA Cement, which remains technically overbought, and Academy Press, which has been consistently underperforming.
The Big Picture:
The NGX is in a clear “risk-on” environment, with capital flowing into high-growth and momentum names. Insurance, financial services, and select ETFs are leading the charge. However, sharp reversals, especially in overheated names or sectors, remain a real risk.
Investors should balance momentum chasing with caution, pay attention to institutional flows, and prepare for sector rotation, which may come swiftly given recent volatility in ETFs and bond proxies.