Nigeria Stock Market Rises Again as 4 Stocks Deliver Over 300% Returns

• The Nigerian stock market has continued its strong performance, improving for the fourth consecutive day
• Stocks such as AIICO Insurance Plc, University Press Plc, AXA Mansard Insurance Plc, and Cornerstone Insurance Plc pushed the market higher
• . Investors in 35,291 deals exchanged 1,983,021,144 shares worth N27.261 billion after hours of trading

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.

Nigeria’s equities recorded its fourth consecutive day of gains on Thursday, August 7.

Data from the Nigerian Exchange Limited (NGX) showed the All-Share Index (ASI) rose by 0.52% to close at 146,570.71 points from the preceding day of 145,813.86 points.

While market capitalisation increased further to N92.730 trillion from N92.251 trillion recorded on Wednesday.

The latest positive performance is driven by investors who are positioning to qualify for the half-year (H1) interim dividend proposed by most listed companies.

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Investors hunt for BUA Cement, others as First Bank set to dispose of shares after Otudeko’s exit

How did the market perform?

A total of 35,291 deals exchanged 1,983,021,144 shares worth N27.261 billion.

Snapshot of the market activities

Here is a snapshot of the latest market activities:

Top gainers

• AIICO Insurance Plc gained N0.29, rising from N2.90 to N3.19 per share.
• University Press Plc gained N0.51, moving from N5.10 to N5.61 per share.
• AXA Mansard Insurance Plc gained N1.21, increasing from N12.10 to N13.31 per share.
• Cornerstone Insurance Plc gained N0.53, rising from N5.30 to N5.83 per share.
• Lotus Halal Equity Exchange Traded Fund (LOTUSHAL15) gained N5.40, moving from N54.00 to N59.40 per share.

Top losers

• Chams Holding Company Plc fell by N0.32, declining from N3.22 to N2.90 per share.
• Austin Laz & Company Plc dropped N0.23, decreasing from N2.34 to N2.11 per share.
• Caverton Offshore Support Group Plc lost N0.68, falling from N7.05 to N6.37 per share.
• UAC of Nigeria Plc declined by N8.50, moving from N90.00 to N81.50 per share.
• John Holt Plc dropped N0.75, decreasing from N7.95 to N7.20 per share.

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Nigeria stock market rises by over N1.7 trillion in one day

Top active trades

• Linkage Assurance Plc recorded a turnover of 372.40 million shares valued at N703.10 million.
• Prestige Assurance Plc traded 249.33 million shares worth N357.45 million.
• Veritas Kapital Assurance Plc exchanged 181.87 million shares valued at N362.99 million.
• Sterling Financial Holdings Company Plc recorded 121.02 million shares worth N968.29 million.
• LASACO Assurance Plc traded 58.72 million shares, amounting to N217.54 million.

4 Nigerian stocks trade gains over 300%

• Beta Glass +529.43%
• The Initiates +420.00%
• Deap Capital +401.67%
• DAAR Communications +386.36%
• Thomas Wyatt +354.55%

Otudeko’s stake to be sold as Capital race heats up

Earlier, Legit.ng reported that First Bank’s parent company, FBN Holdings Plc, has confirmed it will sell off shares previously linked to businessman Oba Otudeko, through a structured transfer involving an undisclosed special purpose vehicle (SPV).

Managing Director Wale Oyedeji made the revelation during an investor call in Lagos on Monday, August 5, 2025, stating, “We will be disposing those shares... ultimately, you will see that those shares will be disposed of in the market.”

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Source: Legit.ng