Nigeria’s equities market extended its bullish run on Wednesday, July 30, 2025, as the Nigerian Exchange All-Share Index (NGX-ASI) closed above 139,000 points for the first time. The surge was driven largely by investor interest in select high-performing stocks, notably Dangote Sugar, Berger Paints, Royal Exchange, and Multiverse Mining and Exploration. This positive momentum pushed the market 0.99% higher, boosting the year-to-date return to 35.32%.
Key gainers on the day included Berger Paints, which rose 9.97% from N34.10 to N37.50, and Dangote Sugar, which jumped from N64.70 to N71.15 — also a 9.97% gain. Multiverse Mining and Exploration’s stock gained 10%, moving from N9 to N9.90, while Royal Exchange posted a similar 10% gain, rising from N1.40 to N1.54. These strong performances were instrumental in offsetting losses in the insurance and oil & gas sectors due to profit-taking activities.
Despite some sectoral pullbacks, the market capitalisation increased from N87.223 trillion to N88.054 trillion, reflecting growing investor confidence and liquidity in the market. The NGX-ASI closed the trading session at 139,278.67 points, up from the opening level of 137,963.07 points.
Trading activity remained robust, with a total of 922.03 million shares valued at N35.40 billion changing hands in 36,423 deals. The most actively traded stocks included Fidelity Bank, Access Holdings, UACN, Universal Insurance, and FCMB Group, indicating sustained interest in both banking and diversified equities.
Overall, the mid-week rally underscores investor appetite for value stocks and suggests continued optimism around the Nigerian capital market’s trajectory. Market watchers will now be observing whether this momentum can be sustained amid broader economic signals and upcoming corporate earnings.
Source: Business day