SAT JULY 12 2025-theGBJournal| The benchmark NGX All-Share Index (ASI) soared to an all-time high, advancing 4.3% w/w to 126,149.57, underscoring the strength and resilience of Nigeria’s capital market.
Shares of telecommunications giant MTNN, rose strongly by +10.5%, ZENITHBANK shares climbed +21.2%. Huge gains were also seen in GTCO (+13.1%), UBA (+19.6%), and WAPCO (+14.6%) made notable gains.
The month-to-date and year-to-date returns settled higher at +5.1% and +22.6%, respectively. On trading activity, volume declined by 1.2%, while value increased by 0.1%.
Meanwhile, sectoral performance was broadly bullish, as the Insurance (+13.8%), Banking (+12.5%), Industrial Goods (+2.9%), and Consumer Goods (+2.2%) indices posted gains, while the Oil & Gas (-0.7%) index was the sole loser of the week.
For investors, market is moving and confidence is clearly up, and sentiment is supported by a combination of factors, including strategic positioning ahead of the upcoming H1 earnings season, strong price action in select small- and mid-cap stocks, as well as particular interests in banking tickers.
The NASD OTC Securities Index (NSI) and market capitalisation advanced by 2.83% w/w. The NSI closed at 3,433.2 points, while market capitalisation settled above N2.00 trillion.
Market activity was mixed, as transaction volume declined by 12.61%, while trade value surged by 55.56%.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
