Stock Market Rallies for 19 Consecutive Days, Investors Make Over N1.7trn
- The Nigerian stock market continued its strong performance as investors made over N1.7 trillion after 5 hours of trading
- Major gainers included Berger Paints, HMC Allied Industries, Learn Africa, and Thomas Wyatt, which pushed the market upward
- Fidelity Bank, Royal Exchange, Jaiz Bank, Universal Insurance, and Access Holdings were among the most actively traded stocks
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 stock market rally continued on Tuesday, July 29, 2025 as the market benchmark performance indicator gets closer to the 138,000-point mark.
The market’s year-to-date (YtD) return climbed to 33.99%, reflecting sustained investor optimism.
Source: Getty Images
At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose to 137,963.07 points from 135,166.51 points.
Equities market capitalisation climbed to N87.223 trillion from N85.455 trillion, indicating a gain of N1.768 trillion fo investors.
The trading session recorded 925.15 million shares exchanged in 28,033 deals, with a total market turnover of N29.87 billion.
Top gainers
- Berger Paints rose from N31.00 to N34.10, gaining N3.10 or +10.00%.
- HMC Allied Industries increased from N4.30 to N4.73, up 43 kobo or +10.00%.
- Learn Africa advanced from N6.30 to N6.93, gaining 63 kobo or +10.00%.
- Thomas Wyatt climbed from N2.90 to N3.19, up 29 kobo or +10.00%.
- Ellah Lakes moved from N8.91 to N9.80, increasing by 89 kobo or +9.99%.
Top losers
- Northern Nigeria Flour Mills declined from N103.50 to N93.15, losing N10.35 or −10.00%.
- Abbey Mortgage Bank fell from N8.00 to N7.20, down 80 kobo or −10.00%.
- Vitafoam dropped from N87.85 to N79.10, shedding N8.75 or −9.96%.
- Industrial & Medical Gases slid from N41.80 to N37.65, down N4.15 or −9.93%.
- International Breweries declined from N16.20 to N15.05, losing N1.15 or −7.10%.
Source: Getty Images
Most actively traded stocks
- Fidelity Bank: 111.27 million shares worth N2.33 billion
- Royal Exchange: 74.08 million shares valued at N110.80 million
- Jaiz Bank: 60.86 million shares worth N238.19 million
- Universal Insurance: 38.28 million shares valued at N28.83 million
- Access Holdings: 36.81 million shares traded, worth N1.01 billion
Analysts views on the market
Futureview analysts said in their July 28 note said:
“We maintain a cautiously optimistic outlook for the Nigerian equities market this week, anticipating continued upward momentum driven by strong corporate earnings.
“Barring any major macroeconomic headwinds or negative market surprises, investor sentiment is expected to remain broadly positive."
RC Investment, not Otedola or FG, buys N323bn First HoldCo shares
Earlier, Legit.ng reported that First Holdco, the parent company of First Bank and other subsidiaries, has absolved the Nigerian government and Femi Otedola from a recent share sale.
The N323 billion deal involving about 10.4 billion shares was sold by Otudeko, former Chairman of the company, after years of leadership tussle.
The company disclosed in a statement to the Nigerian Exchange Limited (NGX) that a Special Purpose Vehicle (SPV) purchased the shares.
Source: Legit.ng
