Dangote Sugar Leads the Way, Stocks Go Up

The Nigerian stock market continues to break records and this time, Dangote Sugar is leading the charge.

On Wednesday, June 25, 2025, the equities market climbed to new heights as the All-Share Index (ASI) crossed the 120,000-point mark for the first time ever. It closed the day at 121,257.69 points, a 1.22% rise from the previous session, marking a strong 1,466.87-point jump.

Behind this surge was a wave of investor confidence and buying interest, especially in top-performing stocks like Dangote Sugar Refinery, Oando, and Computer Warehouse Group (CWG). Dangote Sugar stood out among the day’s top gainers, jumping by ₦4.40 to close at ₦48.40 per share, a full 10% increase.

That single move helped inject serious momentum into the market. Altogether, investors walked away with ₦1.18 trillion in gains, as the total market capitalisation rose from ₦75.58 trillion to ₦76.76 trillion.

Big players behind the rally

Oando also delivered a strong performance, gaining ₦6.25 to close at ₦68.75 per share, while CWG added ₦1.05 to settle at ₦11.60. Others like Champion Breweries, C&I Leasing, and several mid-tier companies followed with similar near-10% jumps.

But it wasn’t just about price gains. Activity was buzzing across the board. More than 861 million shares exchanged hands in nearly 23,000 deals, a clear sign that investors are not only optimistic but active.

Top trades included Fidelity Bank, which saw over 82 million shares traded, as well as Caverton, Zenith Bank, Japaul Gold, and Access Holdings.

A market on the rise

This latest rally pushes the market’s year-to-date return to 17.81%, with monthly and weekly gains standing at 8.52% and 2.64% respectively. For investors, it’s more than just good news, it’s proof that the NGX continues to be an attractive space even in uncertain economic times.

What you should know

The buzz around the market isn’t just from retail traders. Institutional investors are watching closely, especially as banks like Access Holdings expand their presence in Africa  recently finalising deals to take over Standard Chartered’s operations in Tanzania and The Gambia.

With strong corporate activity, rising investor interest, and heavyweight stocks like Dangote Sugar leading the way, Nigeria’s stock market may just be warming up for an even bigger second half of the year.

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