Nigerian Equities Market Extends Winning Streak with Massive Gains and Investor Confidence

• Nigerian equities market recorded a 10-day winning streak, adding ₦6.902 trillion in investor wealth.

• Market capitalization surpassed the ₦83 trillion mark, closing at ₦83.241 trillion on July 18, 2025.

• The All-Share Index (ASI) rose by 8.76% from 120,989.66 points on July 7 to 131,585.66 points on July 18.

• Year-to-date (YTD) return climbed to 27.84%, reflecting sustained investor optimism and market resilience.

• On July 18 alone, the ASI gained 1.00%, with market capitalization increasing by ₦823 billion.

• Market breadth was positive with 46 gainers against 25 decliners; Learn Africa, NCR Nigeria, and UPDC led with 10% gains each.

• The total trade volume surged by 180.57% to 3.348 billion shares valued at ₦62.388 billion in 28,593 deals.

• FCMB Group and Fidelity Bank dominated trading activity, with over a billion shares exchanged each.

The Nigerian equities market has demonstrated remarkable strength with a sustained rally spanning 10 consecutive trading days, culminating in a substantial gain of ₦6.902 trillion for investors. This impressive growth saw the market capitalization cross the ₦83 trillion threshold for the first time, closing at ₦83.241 trillion on July 18, 2025.

The All-Share Index (ASI), which measures the overall market performance, surged by 8.76%, rising from 120,989.66 points on July 7 to 131,585.66 points on July 18. This bullish momentum lifted the year-to-date return to 27.84%, driven by persistent investor confidence and vibrant trading activity.

On July 18 alone, the market sustained its positive trajectory, gaining 1.00% to close at 131,585.66 points. Market capitalization improved by ₦823 billion, signaling robust liquidity and strong demand for quality equities. The market breadth favored gainers, with 46 stocks appreciating against 25 decliners.

Leading the day’s price gainers were Learn Africa, NCR Nigeria, and UPDC, each sharing a 10% increase. Other notable winners included Ellah Lakes, BUA Cement, and FTN Cocoa, all gaining close to 10% per share.

Conversely, Red Star Express, Union Dicon Salt, and Academy Press led the declines with losses ranging from 6.67% to nearly 10%. Despite these dips, the market overall reflected vibrant participation, highlighted by a 180.57% rise in traded volumes to 3.348 billion shares, valued at ₦62.388 billion.

FCMB Group led trading activity with 1.31 billion shares exchanged, followed closely by Fidelity Bank with 1.151 billion shares. Other significant volumes included Access Holdings, Chams Holding, and Zenith Bank, underpinning a broad-based and liquid market.

This performance underscores the Nigerian equities market’s resilience, buoyed by strong investor sentiment and improving macroeconomic conditions.