Nigeria Stock Market Closes Week With Over N3.4trn Gain
- The Nigerian Exchange ended the week on a strong note as investors continue to anticipate half-year earnings
- In the last trading day of the week, NCR Nigeria Plc, Learn Africa Plc, BUA Cement Plc and UPDC Plc led the gainers table
- The losers' table includes Red Star Express Plc, First Bank Holdings Plc, Sterling Financial Holdings and Academy Press Plc
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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 market surged by N3.44 trillion or 4.31% in the trading week ended Friday, July 18, 2025, as investors poured more funds into industrial, banking, and consumer goods stocks.
The rally came despite declines in the insurance and oil & gas sectors.
Source: Getty Images
Key takeaways for the week
The NGX All-Share Index rose from 126,149.59 to 131,585.21 points, while market capitalisation increased from N79.803 trillion to N83.241 trillion.
The NGX Industrial Index led sectoral performance with a 19.17% gain, followed by the Banking Index (+5.36%) and Consumer Goods Index (+1.34%), while the Insurance and Oil & Gas indices fell by 3.65% and 0.76%, respectively.
Investors responded to expectations of a possible rate cut at the upcoming MPC meeting, easing inflation, FX market stability, and half-year earnings anticipation.
Here is a snapshot of the market on Friday
On Friday, a total of 1.73 billion shares were exchanged in 15,927 deals, valued at N43.39 billion.
Top 5 gainers:
- NCR Plc rose by N0.60, increasing from N6.00 to N6.60 per share (+10.00%).
- Learn Africa Plc gained N0.57, moving from N5.70 to N6.27 per share (+10.00%).
- UPDC Plc appreciated by N0.44, climbing from N4.40 to N4.84 per share (+10.00%).
- BUA Cement Plc advanced by N11.20, rising from N112.20 to N123.40 per share (+9.98%).
- Ellah Lakes Plc added N0.98, up from N9.82 to N10.80 per share (+9.98%).
Source: Facebook
Top 5 decliners:
- Red Star Express Plc dropped by N1.43, falling from N14.35 to N12.92 per share (-9.97%).
- Union Dicon Salt Plc declined by N1.15, decreasing from N11.95 to N10.80 per share (-9.62%).
- Academy Press Plc lost N0.50, moving from N7.50 to N7.00 per share (-6.67%).
- Sterling Financial Holdings Plc fell by N0.28, dropping from N6.45 to N6.17 per share (-4.34%).
- First Bank Holdings Plc shed N1.45, down from N35.40 to N33.95 per share (-4.10%).
Top 5 trades by volume:
- FCMB Group Plc recorded 1,309,703,951 shares valued at N12.63 billion.
- Fidelity Bank Plc saw 1,151,332,573 shares exchanged, amounting to N23.04 billion.
- Access Holdings Plc registered 113,804,294 shares worth N3.07 billion.
- Chams Plc traded 92,621,348 shares valued at N293.87 million.
- Zenith Bank Plc posted 50,704,817 shares, with a total value of N3.66 billion.
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Source: Legit.ng
