Nigerian Stocks Rally Continues As Market Gains 16.57% in July
- The Nigerian stock market closed the month of July on a positive note as the market rose by 16.57% in July
- The performance in July is the highest in recent record as investors make more money from the market
- In the last trading day UAC of Nigeria Plc, Guinness Nigeria Plc, Skyway Aviation Handling Company Plc
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 stock market closed the month of July 2025 on a strong note, hitting a new high on the last trading day of the month, Friday, July 31.
Data from the Nigerian exchange showed that the NGX All-Share Index appreciated by 0.42% on Thursday to 139,863.67 points, up from 139,278.67 points in the previous session.
Source: Facebook
Thursday's performance marked a a 21-day consecutive rally and pushed the month-to-date return to 17.03%.
Market capitalisation also rose by N12.62 trillion
How the market performed on Thursday
On a weekly basis, the index advanced by 3.97%, while the year-to-date (YTD) gain stood at 34.60%.
At the close of trading on Thursday, July 31, a total of 1.1 billion shares valued at N32.99 billion were exchanged in 37,365 deals.
A total of 127 listed equities participated in the day’s trading, with 28 gainers and 54 losers
Performance across major sectoral indices was broadly positive.
Here is a breakdown of winners, losers.
Top gainers
- UAC of Nigeria Plc: +10%, closed at N80.30
- Wema Bank Plc: +10%
- Guinness Nigeria Plc: +9.96%
- Skyway Aviation Handling Company Plc: +9.95%
- Mecure Industries Plc: +9.69%
Top losers
- The Initiates Plc: -10%, closed at N13.50
- AXA Mansard Insurance Plc: -10%
- Learn Africa Plc: -10%
- FTN Cocoa Processors Plc: -10%
- Ikeja Hotel Plc: -9.96%
- HMC Allied Devices Plc: -9.94%
Source: Getty Images
Top traded by volume
- FCMB Group Plc: 121.5 million shares
- Universal Insurance Plc: 91.5 million shares
- Fidelity Bank Plc: 81.1 million shares
- Regency Alliance Insurance Plc: 64.5 million shares
Top traded by value
- Lafarge Africa Plc: N3.53 billion
- Dangote Cement Plc: N2.85 billion
- MTN Nigeria Communications Plc: N2.83 billion
- Guaranty Trust Holding Company Plc: N2.45 billion
- Fidelity Bank Plc: N1.7 billion
Sectoral performance
- NGX 30 Index: rose by 0.50%
- NGX Industrial Goods Index: advanced by 1.35%
- NGX Premium Index: gained 1.04%
- NGX Oil & Gas Index: climbed 0.94%
- NGX Pension Index: appreciated by 0.35%
- NGX Banking Index: edged up by 0.08%
Naira appreciates against US dollar
Earlier, Legit.ng reported that the Nigerian currency appreciated against the dollar in the official foreign exchange markets.
The Central Bank of Nigeria's new data showed that the naira recorded a slight appreciation in the NAFEM window.
The naira still has a long way to go for stability to occur in the official and unofficial FX markets.
Source: Legit.ng
