In the second week of trading in 2025, Nigerian stock market investors experienced a significant surge, in market capitalization growing by N1.13 trillion. The benchmark Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 1.8%, closing at 105,451.06 points, up from 103,586.33 points at the start of the week. This growth was driven by positive sentiment and bargain-hunting in key stocks, including MTN Nigeria, Transcorp, and Transcorp Hotels.
Investors reacted favorably to signs of a potential tariff hike in the telecommunications sector, contributing to the surge. Other sectors also saw notable gains, pushing year-to-date returns to 2.5%. Weekly trading volume jumped by 80.8%, while trading value climbed 22.4% to N85.043 billion, with the financial services sector leading in turnover.
Despite mixed sectoral performances, with declines in NGX Insurance, Consumer Goods, and Industrial Goods indices, analysts remain optimistic about sustained growth in the coming weeks. They expect pre-earnings positioning, sector developments, and potential policy announcements to continue driving positive momentum in the Nigerian equities market.