Nigerian Stock Market Delivers Best Monthly Performance in 2025

3 August 2025
Daba Finance (Abidjan)
  • The Nigerian equities market posted its strongest performance of 2025 in July, gaining 16.57% as tracked by the NGX All-Share Index
  • This extended the bullish momentum from June and pushed the year-to-date gain to 35.9%
  • Market capitalization grew in tandem, rising from ₦75.8 trillion to ₦88.4 trillion, driven by broad-based price gains

The Nigerian equities market posted its strongest performance of 2025 in July, gaining 16.57% as tracked by the NGX All-Share Index, which climbed from 119,980.4 to 139,863.5 points. This extended the bullish momentum from June and pushed the year-to-date gain to 35.9%.

Market capitalization grew in tandem, rising from ₦75.8 trillion to ₦88.4 trillion, driven by broad-based price gains. Trading activity also surged, with 22 billion shares exchanged in July, up from 13.8 billion the previous month.

Sector Performance Highlights - July 2025

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🏗️ Industrial Goods - Top Sector

  • NGX Industrial Index: +34.28% (3,638.2 → 4,885.2)
  • Volume: 534.2 million shares
  • Top Gainers:
  • Tripple Gee: +88.44%
  • Lafarge: +70.87%
  • Meyer: +64.18%
  • BUA Cement: +41.51%
  • Other Movers: CAP (+31.5%), Cutix (+18.9%), Austin Laz (+13.6%)

🏦 Banking - Most Active Sector

  • NGX Banking Index: +25.78% (1,280.4 → 1,610.5)
  • Volume: 6.48 billion shares
  • Top Gainers:
  • Wema Bank: +47.16%
  • UBA: +40.21%
  • Zenith: +34.33%
  • Access: +26.24%
  • GTCO, FirstHoldco, Ecobank, Stanbic: All >18%
  • FCMB, Fidelity Bank: +8.1%, +5.25%

🛡️ Insurance

  • NGX Insurance Index: +17.74% (755.5 → 889.5)
  • Volume: 3.27 billion shares
  • Top Gainers:
  • Sovereign Trust: +41.04%
  • NEM: +34.08%
  • AIICO: +33.54%
  • Mansard: +26.49%
  • Universal, Veritas Kapital, Regency Alliance: +25%+

🛒 Consumer Goods

  • NGX Consumer Goods Index: +11.14% (2,635.9 → 2,929.4)
  • Volume: 1.1 billion shares
  • Top Gainers:
  • Cadbury: +63.86%
  • McNichols: +60.87%
  • Dangote Sugar: +53.61%
  • NASCON, Unilever: +40%+
  • Guinness, Nigerian Breweries, Nestlé: +30%+

🛢️ Oil and Gas - Lagging Sector

  • NGX Oil & Gas Index: +1.72%
  • Leaders:
  • Oando: +16.32%
  • Aradel: +3.01%
  • Others: Mostly in the red

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Key Takeaways

The Nigerian equity market's July rally underscores renewed investor confidence and broad-based participation across sectors. With five out of seven months closing positively in 2025, momentum continues to build, especially in sectors like Industrials and Banking. The move to nearly 140,000 points on the NGX All-Share Index places the market at its highest level this year, driven by strong earnings, rising domestic liquidity, and increased retail and institutional participation. The market's next test will be sustainability--whether earnings season and macro stability can support further upside. But for now, the bullish trend remains firmly in place.

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