NGX Opens Week Strong with ₦260bn Gain, ASI Hits New High

The Nigerian Exchange (NGX) sustained its bullish momentum on Monday, July 28, 2025, as the All-Share Index (ASI) rose by 713.58 points or 0.53% to close at 135,166.51. This performance reflects continued investor optimism and positions the market for a strong start to the week. The ASI has now gained 2.53% in the past week, 12.64% over the last four weeks, and 31.32% year-to-date.

Correspondingly, the market capitalisation of listed equities expanded by ₦260 billion, closing the day at ₦85.47 trillion. Market sentiment remained positive, as gains across key sectors helped lift the broader market indicators.

Trading activity also improved, with investors exchanging 795.6 million shares in 37,626 deals, valued at ₦23.23 billion. This represented an 11% increase in traded volume, a 4% dip in turnover, and a 51% surge in the number of deals compared to the previous session.

A total of 127 equities participated in the day’s trade, with 45 stocks recording gains against 26 that declined. Top-performing stocks included Academy Press, Champion Breweries, Tripple Gee & Company, and May & Baker Nigeria, each advancing by over 9%. On the losing side, Livestock Feeds, The Initiates, Ellah Lakes, and NGX Group led the chart with significant declines.

Banking and consumer goods stocks led the volume chart, with Fidelity Bank emerging as the most traded equity by volume, exchanging 123 million shares. FCMB Group followed with 68.4 million units, while Japaul Gold & Ventures and Zenith Bank recorded 44.1 million and 31 million units respectively.

Sectoral performance was broadly positive. The Insurance Index climbed 2.54%, while the Consumer Goods and Industrial Goods indices gained 1.29% and 0.64% respectively. The Premium Board Index appreciated by 0.58%, and the Main Board Index added 0.50%.

The upward trend reflects sustained investor interest, particularly in mid- and large-cap stocks, and signals growing confidence ahead of the upcoming earnings season.