Nigerian Stock Market Starts First Trading in August on a Positive Note
- The Nigerian stock market continued its momentum from July as it opened the new month on a positive note
- New data showed that UAC of Nigeria Plc led the market’s league of top gainers, followed by BUA Cement Plc and Beta Glass Plc
- Champion Breweries Plc, Dangote Sugar Refinery Plc, Cornerstone Insurance Plc led the losers table
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian equities market kicked off August 2025 on a strong note, extending the bullish momentum from July.
Data from the Nigerian exchange showed that the All-Share Index surged past the 140,000 and 141,000 levels.
Source: Getty Images
Also, investors gained a massive N948.11 billion on the first trading session of the month as market capitalisation to N89.37 trillion.
Here is a snapshot of the market on Friday
During trading on Friday, the market closed bearish with 35 losers against 32 gainers.
Top 5 gainers
- UAC of Nigeria Plc gained N8.00, rising from N80.30 to N88.30 per share (+9.96%).
- BUA Cement Plc increased by N13.00, moving from N135.00 to N148.00 per share (+9.63%).
- Veritas Kapital Assurance Plc rose by N0.12, climbing from N1.27 to N1.39 per share (+9.45%).
- Beta Glass Plc added N34.50, advancing from N374.00 to N408.50 per share (+9.22%).
- Legendary Investments Plc appreciated by N0.52, moving from N5.88 to N6.40 per share (+8.84%).
Top 5 decliners
- Champion Breweries Plc declined by N1.39, falling from N13.90 to N12.51 per share (-10.00%).
- Oando Plc dropped by N5.90, decreasing from N59.00 to N53.10 per share (-10.00%).
- Dangote Sugar Refinery Plc lost N7.35, moving from N73.50 to N66.15 per share (-10.00%).
- Cornerstone Insurance Plc depreciated by N0.45, sliding from N4.60 to N4.15 per share (-9.78%).
- Abbey Mortgage Bank Plc shed N0.57, dropping from N5.84 to N5.27 per share (-9.76%).
Source: Getty Images
Top 5 trades by volume
- FCMB Group Plc recorded 277,211,548 shares traded, valued at N2,836,361,470.80.
- Fidelity Bank Plc traded 85,550,859 shares worth N1,800,444,051.60.
- Sterling Financial Holdings Company Plc exchanged 58,366,757 shares, amounting to N396,748,273.51.
- Universal Insurance Plc recorded 44,718,130 shares with a value of N32,773,800.26.
- Veritas Kapital Assurance Plc posted 41,537,170 shares worth N57,177,334.49.
For the week, here are the top performers by sectors
Industrial Goods led the market with a 10.12% weekly gain, driven by strong performances from:
- Tripple Gee & Company Plc (+22.51%)
- Beta Glass Plc (+16.71%)
- Lafarge Africa Plc (+19.15%)
- Berger Paints Plc (+11.29%
- BUA Cement Plc (+9.63%)
- Dangote Cement Plc (+7.16%)
Banking sector performance
The NGX Banking Index posted a 3.49% gain during the week. Top contributors included:
- Wema Bank Plc (+20.10%
- Ecobank Transnational Inc. (+17.03%)
- FCMB Group Plc (+10.20%)
- Guaranty Trust Holding Company Plc (GTCO) (+5.85%)
- United Bank for Africa Plc (UBA) (+4.79%)
- Zenith Bank Plc (+3.38%)
Consumer goods sector
The NGX Consumer Goods Index advanced by 2.72%, largely driven by a 60.69% rally in UAC of Nigeria Plc
MTN share price surges
Earlier, Legit.ng reported that the share price of MTN Nigeria Communications Plc has increased significantly.
The company’s share price performance comes on the back of new tariff increase approvd by the NCC.
Airtel, and 9mobile are now expected to charge a minimum of N9.6 per minute for calls, up from N6.40, while the maximum permissible call charge will be capped at N50.
Source: Legit.ng
