NGX Soars, Adding ₦1.76 Trillion in a Single Trading Day

Nigeria’s stock market delivered a stunning performance on July 10, 2025, when the Nigerian Exchange (NGX) recorded its biggest one-day gain of the year. In just one session, the market’s total value jumped by ₦1.76 trillion, reflecting a wave of investor optimism and broad‐based buying across multiple sectors.

This rally pushed market capitalisation to a fresh high and underscored the NGX’s resilience amid shifting global and domestic economic currents.

On the back of strong buying pressure, the NGX’s total market capitalisation climbed from roughly ₦76.7 trillion to ₦78.5 trillion by the close of trading. Such a hefty daily increase has not been seen so far in 2025, signalling renewed confidence among local and foreign investors in Nigerian equities.

All-Share Index Advances Over 2%

The headline All-Share Index (ASI) added 2.01%, rising by 2,457.13 points to end the day at 124,446.80. This gain built on a multi-day uptrend, marking the seventh consecutive positive session for the benchmark index and reinforcing its status as one of Africa’s top-performing markets this year.

Investor enthusiasm was widespread: of the 130 active stocks, 70 advanced, only 10 declined, and the remainder held steady. Such breadth indicates that the rally was not confined to a handful of blue-chip stocks but was driven by a diverse set of companies.

Trading Activity Hits New Heights

• Volume: 1.28 billion shares exchanged hands, up 44% from the previous session.
  
• Value: Trades totalled ₦27.73 billion, jumping 78% day-on-day.
  
• Deals: A total of 27,875 transactions were executed, 15% more than the last trading day.

Heightened activity suggests both retail and institutional participants were eager to lock in gains or reposition portfolios.

Top Market Movers

On the gainers’ list, United Bank for Africa (UBA) led the charge with a maximum-allowed 10% uptick to ₦39.60 per share. Joining UBA at the daily limit were Caverton Offshore, FTN Cocoa, Haldane McCall, UPDC, and Consolidated Hallmark, each also up 10%.

Conversely, Neimeth International Pharmaceuticals tumbled 9.91% to ₦9.00, making it the steepest decliner of the day.

Volume and Value Leaders

Access Holdings topped the volume chart, with 174.2 million shares traded, accounting for ₦3.99 billion in turnover. Other heavily traded names included Aiico Insurance, Japaul Gold, UBA, and FCMB, reflecting strong interest in the financial and insurance segments.

Sectorial Performance
The rally cut across key sectors:

• Premium Index: +4.43%
  
• Insurance: +3.96%
  
• Banking: +3.86%
  
• Pension: +3.04%
  
• Consumer Goods: +1.15%

Financial services stocks powered much of the upside, buoyed by upbeat corporate results and favourable liquidity conditions in the banking system.

What Comes Next?

With the NGX now up 20.91% year-to-date and enjoying healthy weekly (2.87%) and monthly (8.54%) gains, market watchers will look to corporate earnings releases and Central Bank policy signals for the next catalysts.

While geopolitical tensions and oil price swings remain potential headwinds, the robust rally on July 10 suggests that investors see attractive value in Nigerian equities heading into the second half of 2025.