The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, July 10, 2025, posting a significant gain of N212 billion. This increase was fueled by renewed investor interest in blue-chip stocks across several sectors. The All-Share Index advanced by 335.74 points or 0.28%, closing at 121,989.67, while market capitalization rose to N77 trillion from N76.788 trillion the previous day. The sustained rally has led to a 1.37% weekly gain, a 6.99% gain over the past month, and an 18.52% gain year-to-date.
Despite the positive movement in index performance, trading activity saw a noticeable decline. The volume of traded shares dropped by 12%, while turnover and the number of deals fell by 16% and 2% respectively. A total of 888.7 million shares worth N15.6 billion were traded in 24,303 transactions, signaling reduced investor participation on the day.
Out of 128 listed equities that traded, 59 gained, 21 declined, and 48 remained flat. Nigerian Enamelware Plc led the gainers with a 10% increase, closing at N20.35 per share, closely followed by Red Star Express, Ellah Lakes, and Chams Plc, all of which posted 10% gains. On the downside, Legend Internet Technology Plc recorded the steepest loss, dropping 8.05% to close at N8.00.
Japaul Gold and Ventures Plc emerged as the volume leader with 137 million shares traded, while Access Holdings Plc dominated both volume and value charts with 83 million shares and N1.84 billion in transactions. Other major value contributors included GTCO, Aradel Holdings, Zenith Bank, and Nigerian Exchange Group.
Sector-wise, the NGX saw broad-based gains. The Insurance Index led with a 2.48% jump, followed by the Industrial Index at 0.97%. The Pension, Banking, Premium, and Top 30 Indices also posted modest gains. This reinforces the continued market optimism and investor confidence in Nigeria’s equities amid favorable sentiments in core sectors.
Source: Punch