The Nigerian Exchange (NGX) experienced a significant surge on Wednesday, June 26, 2025, with the market capitalisation increasing by N1.18 trillion. The bullish trading session was primarily driven by strong investor confidence and impressive corporate earnings, notably from Oando Plc. The All-Share Index rose by 1.22 per cent to close at 121,257.69 points, marking a weekly gain of 3.83 per cent and a year-to-date rise of 17.81 per cent.
Trading volume and value also improved, with a total of 861.67 million shares exchanged in 22,896 deals, totaling N26.18 billion. This reflects a 14 per cent rise in volume, 12 per cent growth in turnover, and a three per cent increase in the number of deals compared to the previous day. These numbers underscore the renewed market enthusiasm and strong demand for equities across multiple sectors.
Oando Plc led the market rally, gaining 10 per cent in share price to close at N68.75. This followed the company’s announcement of a 90.5 per cent jump in profit after tax to N113 billion for Q1 2025, sparking a surge in investor interest. The positive sentiment around Oando played a crucial role in lifting the broader market.
Other major gainers included Dangote Sugar Refinery, Champion Breweries, and C&I Leasing, which all posted close to 10 per cent gains. However, the day wasn’t without losers, as University Press saw a 6.25 per cent decline, while RT Briscoe, Multiverse Mining, and Meyer also posted notable losses.
The banking sector showed strong activity and contributed significantly to the day’s gains, with Fidelity Bank, Caverton, Zenith Bank, and Japaul Gold leading in trading volume. The NGX Banking Index climbed 2.38 per cent and posted an 8.86 per cent weekly gain. Consumer goods, industrial, insurance, and pension indices also closed positively, with the Consumer Goods Index standing out due to its impressive 52.96 per cent year-to-date growth.
Source: Punch