NGX Market Wrap-Up – Friday, July 4, 2025
Another Positive Close, But With Lower Momentum
The Nigerian stock market closed slightly higher on Friday, July 4th, 2025, as the NGX All-Share Index (NGXASI) inched up by 0.01%, ending the day at 120,990.27 points, up from the previous close of 120,977.20. This move has pushed the year-to-date (YTD) return to a solid +17.26%.
However, market activity showed signs of cooling off. The volume of shares traded dropped by 3.23%, from 890.96 million shares to 862.22 million, while market turnover (value of shares exchanged) experienced a sharp 64.05% decline, falling from ₦28.33 billion to just ₦10.18 billion across 23,872 deals. This suggests that while the index rose, investor appetite was relatively muted compared to the previous session.
Market Breadth Still Positive
There were 44 gainers against 29 losers, giving us a market breadth of 1.52x – a sign that more stocks are gaining than losing. Interestingly, volume increased in 62 companies and declined in 78, showing mixed participation.
Top Gainers Over the Last 5 Days
Leading the pack was VETIVA S&P Nigeria Sovereign Bond ETF (VSPBONDETF), which posted an impressive +67.10% return in just five days, taking its price to ₦518.00.
Other strong performers included:
• RT Briscoe: Gained 46%, closing at ₦3.32
• UPDC: Up by 45.85%, settling at ₦4.31
• Meyer: Added 45.77% to reach ₦13.35
• International Energy Insurance (INTENEGINS): Rose 38.6% to ₦2.17
• Champion Breweries: Climbed 32%, now trading at ₦13.20
• Lotus Halal 15 ETF (LOTUSHAL15): Gained 29.85%, now ₦39.00
• FTN Cocoa: Advanced 27.60%, closing at ₦4.86
• Mutual Benefits Assurance: Moved up by 27.27%, at ₦1.44
• Omatek Ventures: Rose 24.66%, trading at ₦0.96
Top Losers Over the Last 5 Days
On the flip side, Greenwich Asset ETF (GREENWETF) led the losers with an 18.99% drop, now priced at ₦223.73.
Other major decliners included:
• PZ Cussons Nigeria: Fell 14.74% to ₦32.40
• SCOA Nigeria: Dropped 9.83%, holding at ₦4.86
• NewGold ETF: Lost 7.56%, now at ₦52,000
• Haldane Mchall Limited (HMCALL): Declined by 4.76%, at ₦4.00
• Multiverse Mining: Down 3.43%, trading at ₦8.45
• Dangote Cement (DANGCEM): Slipped 3.41% to ₦425.00
• BUA Cement: Fell 3.04%, now at ₦93.40
• SUNU Assurances: Down 2.72%, priced at ₦4.99
• Linkage Assurance: Dropped 2.60%, trading at ₦1.55
Most Notable Movers (Single-Day)
• Champion Breweries, John Holt, and Red Star Express all posted 10% gains – riding strong on momentum and volume.
• Academy Press followed closely with a 9.98% gain.
• On the flip side, Ellah Lakes and PZ Cussons both lost 10%, while Japaul Gold dropped by 9.70%.
Final Thoughts
The market remains in a cautious uptrend with a mix of large gains in specific counters and soft volume across the board. The presence of ETFs and insurance stocks among top movers signals increasing diversification by both retail and institutional players.
Another Positive Close, But With Lower Momentum
The Nigerian stock market closed slightly higher on Friday, July 4th, 2025, as the NGX All-Share Index (NGXASI) inched up by 0.01%, ending the day at 120,990.27 points, up from the previous close of 120,977.20. This move has pushed the year-to-date (YTD) return to a solid +17.26%.
However, market activity showed signs of cooling off. The volume of shares traded dropped by 3.23%, from 890.96 million shares to 862.22 million, while market turnover (value of shares exchanged) experienced a sharp 64.05% decline, falling from ₦28.33 billion to just ₦10.18 billion across 23,872 deals. This suggests that while the index rose, investor appetite was relatively muted compared to the previous session.
Market Breadth Still Positive
There were 44 gainers against 29 losers, giving us a market breadth of 1.52x – a sign that more stocks are gaining than losing. Interestingly, volume increased in 62 companies and declined in 78, showing mixed participation.
Top Gainers Over the Last 5 Days
Leading the pack was VETIVA S&P Nigeria Sovereign Bond ETF (VSPBONDETF), which posted an impressive +67.10% return in just five days, taking its price to ₦518.00.
Other strong performers included:
• RT Briscoe: Gained 46%, closing at ₦3.32
• UPDC: Up by 45.85%, settling at ₦4.31
• Meyer: Added 45.77% to reach ₦13.35
• International Energy Insurance (INTENEGINS): Rose 38.6% to ₦2.17
• Champion Breweries: Climbed 32%, now trading at ₦13.20
• Lotus Halal 15 ETF (LOTUSHAL15): Gained 29.85%, now ₦39.00
• FTN Cocoa: Advanced 27.60%, closing at ₦4.86
• Mutual Benefits Assurance: Moved up by 27.27%, at ₦1.44
• Omatek Ventures: Rose 24.66%, trading at ₦0.96
Top Losers Over the Last 5 Days
On the flip side, Greenwich Asset ETF (GREENWETF) led the losers with an 18.99% drop, now priced at ₦223.73.
Other major decliners included:
• PZ Cussons Nigeria: Fell 14.74% to ₦32.40
• SCOA Nigeria: Dropped 9.83%, holding at ₦4.86
• NewGold ETF: Lost 7.56%, now at ₦52,000
• Haldane Mchall Limited (HMCALL): Declined by 4.76%, at ₦4.00
• Multiverse Mining: Down 3.43%, trading at ₦8.45
• Dangote Cement (DANGCEM): Slipped 3.41% to ₦425.00
• BUA Cement: Fell 3.04%, now at ₦93.40
• SUNU Assurances: Down 2.72%, priced at ₦4.99
• Linkage Assurance: Dropped 2.60%, trading at ₦1.55
Most Notable Movers (Single-Day)
• Champion Breweries, John Holt, and Red Star Express all posted 10% gains – riding strong on momentum and volume.
• Academy Press followed closely with a 9.98% gain.
• On the flip side, Ellah Lakes and PZ Cussons both lost 10%, while Japaul Gold dropped by 9.70%.
Final Thoughts
The market remains in a cautious uptrend with a mix of large gains in specific counters and soft volume across the board. The presence of ETFs and insurance stocks among top movers signals increasing diversification by both retail and institutional players.