Nigeria Stock Market Rises by Over N1.7 Trillion in One Day
- The Nigerian stock market recorded a strong performance on Monday, helping investors grow their investments by over N1.7 trillion
- The latest upward movement was led by UAC of Nigeria Plc, Lasaco Assurance, Royal Exchange, and UPDC
- The trading week opened with 35,547 deals, investors exchanged 797,219,336 shares worth N19.022 billion
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market posted a positive performance on Monday, August 4, 2025, with investors gaining over N1.7 trillion.
Data showed that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose by 2,808.73 points, or 1.99%, to close at 144,071.78 points, up from the previous day’s 141,263.05 points.
Source: Getty Images
The market capitalisation also appreciated by N1.776 trillion, climbing from N89.373 trillion to N91.149 trillion.
Nigeria's year-to-date (YtD) stock market return stood higher, reflecting growing investor confidence.
The rally was driven by price appreciations in companies such as UACN, Lasaco Assurance, Royal Exchange, and UPDC, which led the gainers’ chart.
Stocks such as UACN, Lasaco, Royal Exchange, and UPDC contributed significantly to the market's upward movement.
Snapshot of the market
Market activity remained strong, with a total of 797.22 million shares valued at N19.02 billion traded in 35,547 deals.
Top 5 gainers
- UPDC Plc rose by N0.54, increasing from N5.40 to N5.94 per share (+10.00%).
- Royal Exchange Plc gained N0.15, moving from N1.50 to N1.65 per share (+10.00%).
- Lasaco Assurance Plc appreciated by N0.26, climbing from N2.60 to N2.86 per share (+10.00%).
- UAC of Nigeria Plc (UACN) advanced by N8.80, rising from N88.30 to N97.10 per share (+9.97%).
- Sovereign Trust Insurance Plc added N0.17, moving from N1.71 to N1.88 per share (+9.94%).
Top 5 decliners
- Transcorp Power Plc dropped by N32.00, falling from N320.00 to N288.00 per share (-10.00%).
- Academy Press Plc declined by N1.10, decreasing from N11.00 to N9.90 per share (-10.00%).
- John Holt Plc lost N0.70, moving from N7.30 to N6.60 per share (-9.59%).
- TotalEnergies Marketing Nigeria Plc fell by N65.00, dropping from N705.00 to N640.00 per share (-9.22%).
- Ecobank Transnational Incorporated (ETI) shed N3.45, down from N37.45 to N34.00 per share (-9.21%).
Source: Getty Images
Top 5 trades by volume
- FCMB recorded 84,948,738 shares valued at N979,415,953.30.
- Universal Insurance Plc traded 82,511,819 shares, worth N61,681,822.14.
- Fidelity Bank Plc saw 45,429,308 shares exchanged, amounting to N955,597,981.00.
- AIICO Insurance Plc registered 40,148,535 shares valued at N94,292,162.03.
- Veritas Kapital Assurance Plc posted 39,769,779 shares, worth N60,257,375.59.
Analysts' comments on stock market
In a recent note, Coronation Research analysts said:
“Looking ahead, market sentiment is expected to remain broadly positive as more corporates release their half year results and investors position for potential interim dividends”. “That said, some profit taking may emerge, particularly in stocks that have posted strong recent rallies.
“In addition, developments in the fixed income space, such as the outcome of upcoming bond auctions may influence short term portfolio rebalancing decisions."
Source: Legit.ng
