Nigeria Stock Market Opens New Week Strong, 5 Companies Lead
- The Nigerian stock market kicked off Monday trading with a strong performance as investors booked gains
- Data showed that stocks like Academy Press Plc, May & Baker Nigeria Plc, led the top 5 gainers table
- Nigerian banks such as Fidelity Bank Plc, FCMB Group Plc, Zenith Bank Plc and Access Holdings Plc were most active in trades
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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.
Nigeria’s equities market began the new week on a positive note, gaining 0.53% on Monday, July 28, 2025.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased from 134,452.93 points to 135,166.51 points.
Source: Getty Images
While the market capitalisation grew from N85.055 trillion to N85.455 trillion, it indicates that investors made a gain of N400 billion.
Monday’s trading saw 795.59 million shares worth N23.23 billion exchanged in 37,626 deals, BusinessDay reports.
Analysts at Coronation Research said:
“Looking ahead, we anticipate that bullish sentiment will persist, underpinned by expectations of strong earnings, particularly from the banking sector.
"Additionally, investor focus is likely to tilt toward fundamentally sound stocks with attractive dividend yields, as market participants continue to reallocate positions in anticipation of further half-year financial publications.”
Source: Getty Images
Top gainers
- Academy Press Plc gained N0.93, rising from N9.31 to N10.24 per share (+9.99%)
- Champion Breweries Plc added N1.23, moving from N12.32 to N13.55 per share (+9.98%)
- Tripple Gee & Company Plc gained N0.35, increasing from N3.51 to N3.86 per share (+9.97%)
- May & Baker Nigeria Plc advanced N1.70, rising from N17.10 to N18.80 per share (+9.94%)
- UAC of Nigeria Plc (UACN) gained N5.45, climbing from N54.95 to N60.40 per share (+9.92%)
Top losers
- Livestock Feeds Plc lost N0.90, falling from N9.00 to N8.10 per share (−10.00%)
- The Initiates Plc (TIP) declined by N1.61, dropping from N16.13 to N14.52 per share (−9.98%)
- Ellah Lakes Plc dropped N0.89, moving from N9.80 to N8.91 per share (−9.08%)
- NGX Group Plc lost N4.80, declining from N79.80 to N75.00 per share (−6.02%)
- Thomas Wyatt Nigeria Plc decreased by N0.17, from N3.07 to N2.90 per share (−5.54%)
Top active trades
- Fidelity Bank Plc recorded a turnover of 123.01 million shares valued at N2.58 billion
- FCMB Group Plc traded 68.40 million shares worth N670.14 million
- Japaul Gold and Ventures Plc exchanged 44.09 million shares valued at N126.77 million
- Zenith Bank Plc traded 31.03 million shares worth N2.25 billion
- Access Holdings Plc recorded 29.06 million shares valued at N816.80 million
Naira named most expensive currency in Africa
Earlier, Legit.ng reported that Investment Bank, RenCap Africa has released a new report showing the average real effective exchange rate.
In the report, RenCap Africa believes that the naira is overvalued by 26% and is the Most Expensive Currency in Africa.
The value of the naira in recent weeks has improved against the US dollar in the foreign exchange markets.
Source: Legit.ng
