Nigerian Equities Market Rallies Strongly
The Nigerian stock market recorded another strong bullish session on July 16, 2025, as the NGX All-Share Index (NGXASI) surged by 1.80%, closing at 128,967.08 points compared to the previous close of 126,689.54. This impressive performance brings the year-to-date (YTD) return of the market to a robust 24.99%.
Trading Activity Overview
Trading volume increased by 6.90%, rising from 273.57 million units to 292.46 million units. Even more significantly, market turnover—which measures the total value of shares traded—more than doubled, jumping by 106.79% from ₦4.64 billion to ₦9.59 billion, across 11,136 transactions.
Market Breadth: Slightly Positive
Market breadth, a measure of investor sentiment, stood at 1.02x, indicating a nearly even distribution of gainers and losers. A total of 45 stocks advanced, just edging out the 44 that declined. Meanwhile, the volume of trade rose for 64 companies, while 75 experienced a drop in trading volume.
Top Performing Stocks Over the Last 5 Days
Some standout performers over the past week include:
• NSL Tech surged by 21%, closing at ₦1.10, with a strong YTD growth of over 75%.
• Triple G rose 20.67%, ending at ₦3.93. Its returns are consistently high across all periods, especially monthly and quarterly.
• Omatek advanced by 20.55%, supported by a YTD growth of 120%, showcasing strong momentum.
• Stanbic IBTC climbed by 18.03%, reflecting renewed investor confidence in banking stocks.
• ABC Transport jumped by 17.73%, continuing its bullish trajectory with an impressive 321.14% YTD return.
• Other notable gainers include UBA, Abbey Mortgage Bank, IMG, Okomu Oil, and Greenwich ETF.
Worst Performing Stocks Over the Last 5 Days
On the flip side, several stocks experienced sharp declines:
• Cutix Plc dropped by 18.91%, despite being up YTD.
• Ellah Lakes lost 18.84%, even though it maintains strong annual performance.
• C&I Leasing fell 18.70%, reflecting short-term weakness in the leasing segment.
• Caverton, Champion Breweries, and Universal Insurance also suffered losses between 13%–18%.
• Other laggards included Legend Interiors, Chams, Japaul Gold, and RT Briscoe.
These declines suggest pockets of investor rotation or profit-taking.
Noteworthy Daily Gainers
The most significant daily gainers include:
• Eunisell Interlinked Plc closed at ₦14.85, up 10%, topping the list.
• Nestlé Nigeria Plc also rallied 10%, closing at ₦1,650.00—a strong rebound for the blue-chip giant.
• NSL Tech, Omatek, and Triple G all posted near-10% gains, cementing their short-term uptrend.
Top Daily Decliners
Meanwhile, the biggest losers of the day were:
• FTN Cocoa Processors dropped 10% to close at ₦7.02.
• NPF Microfinance Bank also slumped 10%, ending at ₦2.43.
• C&I Leasing, Champion Breweries, and McNichols rounded out the day’s steepest declines with losses close to -10%.
In Summary
The Nigerian equities market is experiencing a strong bullish wave, with the All-Share Index gaining traction and investor confidence rising. While heavyweight blue-chip stocks like Nestlé and Stanbic are gaining momentum, speculative and mid-tier counters are showing both remarkable upside and volatility.
Market participants are advised to stay vigilant, track corporate earnings releases, and focus on fundamentally sound companies to navigate this dynamic environment effectively.
The Nigerian stock market recorded another strong bullish session on July 16, 2025, as the NGX All-Share Index (NGXASI) surged by 1.80%, closing at 128,967.08 points compared to the previous close of 126,689.54. This impressive performance brings the year-to-date (YTD) return of the market to a robust 24.99%.
Trading Activity Overview
Trading volume increased by 6.90%, rising from 273.57 million units to 292.46 million units. Even more significantly, market turnover—which measures the total value of shares traded—more than doubled, jumping by 106.79% from ₦4.64 billion to ₦9.59 billion, across 11,136 transactions.
Market Breadth: Slightly Positive
Market breadth, a measure of investor sentiment, stood at 1.02x, indicating a nearly even distribution of gainers and losers. A total of 45 stocks advanced, just edging out the 44 that declined. Meanwhile, the volume of trade rose for 64 companies, while 75 experienced a drop in trading volume.
Top Performing Stocks Over the Last 5 Days
Some standout performers over the past week include:
• NSL Tech surged by 21%, closing at ₦1.10, with a strong YTD growth of over 75%.
• Triple G rose 20.67%, ending at ₦3.93. Its returns are consistently high across all periods, especially monthly and quarterly.
• Omatek advanced by 20.55%, supported by a YTD growth of 120%, showcasing strong momentum.
• Stanbic IBTC climbed by 18.03%, reflecting renewed investor confidence in banking stocks.
• ABC Transport jumped by 17.73%, continuing its bullish trajectory with an impressive 321.14% YTD return.
• Other notable gainers include UBA, Abbey Mortgage Bank, IMG, Okomu Oil, and Greenwich ETF.
Worst Performing Stocks Over the Last 5 Days
On the flip side, several stocks experienced sharp declines:
• Cutix Plc dropped by 18.91%, despite being up YTD.
• Ellah Lakes lost 18.84%, even though it maintains strong annual performance.
• C&I Leasing fell 18.70%, reflecting short-term weakness in the leasing segment.
• Caverton, Champion Breweries, and Universal Insurance also suffered losses between 13%–18%.
• Other laggards included Legend Interiors, Chams, Japaul Gold, and RT Briscoe.
These declines suggest pockets of investor rotation or profit-taking.
Noteworthy Daily Gainers
The most significant daily gainers include:
• Eunisell Interlinked Plc closed at ₦14.85, up 10%, topping the list.
• Nestlé Nigeria Plc also rallied 10%, closing at ₦1,650.00—a strong rebound for the blue-chip giant.
• NSL Tech, Omatek, and Triple G all posted near-10% gains, cementing their short-term uptrend.
Top Daily Decliners
Meanwhile, the biggest losers of the day were:
• FTN Cocoa Processors dropped 10% to close at ₦7.02.
• NPF Microfinance Bank also slumped 10%, ending at ₦2.43.
• C&I Leasing, Champion Breweries, and McNichols rounded out the day’s steepest declines with losses close to -10%.
In Summary
The Nigerian equities market is experiencing a strong bullish wave, with the All-Share Index gaining traction and investor confidence rising. While heavyweight blue-chip stocks like Nestlé and Stanbic are gaining momentum, speculative and mid-tier counters are showing both remarkable upside and volatility.
Market participants are advised to stay vigilant, track corporate earnings releases, and focus on fundamentally sound companies to navigate this dynamic environment effectively.