NGX Gains 0.30% as NGX Group, Champion Breweries, C & I Leasing Lead Market Rally

Nigeria’s equities market recorded a 0.30% rise on Tuesday, July 8, 2025, marking its second consecutive positive trading session for the week. Key stocks such as NGX Group, Champion Breweries, and C & I Leasing drove the market’s upward movement, alongside Omatek and Neimeth. This performance reflects growing investor confidence and an overall bullish trend in the local market.

With this recent uptick, the Nigerian Exchange (NGX) All-Share Index (ASI) climbed from 121,295.33 to 121,653.93 points, while market capitalization advanced from N76.532 trillion to N76.758 trillion. The market’s month-to-date growth now stands at 1.40%, while the year-to-date return has strengthened to 18.20%, indicating sustained momentum despite macroeconomic challenges.

Trading activity was vibrant, with investors executing 24,770 deals involving over 1 billion shares worth approximately N19.48 billion. High-volume stocks on the radar included Access Holdings, Japaul Gold, Mutual Benefits Assurance, Universal Insurance, and AIICO. These companies contributed significantly to overall market liquidity and investor engagement.

Among the top gainers, C & I Leasing surged by 10%, rising from N6 to N6.60. Champion Breweries also posted a 10% increase, moving from N13.60 to N14.96, while NGX Group advanced from N51 to N56.10, adding N5.10 to its share value. Other notable risers included Omatek and Neimeth, both recording close to 10% gains.

The recent rally reflects growing optimism in select sectors and signals a possible sustained upward trajectory for the NGX. Analysts suggest continued monitoring of corporate earnings and macroeconomic indicators as potential catalysts for future market direction.

Source: Business day