Nigeria’s stock market crossed a significant milestone at the start of the trading week, as the Nigerian Exchange Limited (NGX) closed on Monday, July 14, 2025, with a record-breaking market capitalisation of ₦80.143 trillion. The development reflects continued bullish sentiment among investors and marks the extension of a nine-day rally, the longest winning streak since early 2024.
The All-Share Index (ASI) gained 539.95 basis points to close at 126,689.54 points, up from 126,149.59 recorded the previous Friday. The market gained approximately ₦340 billion in value during the session, pushing year-to-date returns to about 23.1 percent. The surge is also reflected in July’s performance alone, with a 5.6 percent gain so far.
The rally was driven by strong investor interest in blue-chip and mid-cap stocks across key sectors, particularly banking and industrial goods. Top-performing equities included Secure Electronic Technology, which rose by 10 percent; Abbey Mortgage Bank, which appreciated by 9.99 percent; and Ikeja Hotel, up by 9.95 percent. Meanwhile, a few mid-cap stocks such as Cutix, RT Briscoe, Tantalizer, and Caverton witnessed losses, each shedding around 10 percent.
Market activity remained vibrant with over 1.29 billion shares traded at a total value of ₦32.2 billion across 39,400 transactions. Access Holdings led trading volume with 138 million shares exchanged, while Seplat Energy recorded the highest trading value at ₦5.3 billion.
Analysts have attributed the market’s upward trajectory to growing investor optimism ahead of half-year earnings reports, coupled with improving macroeconomic indicators and ongoing fiscal reforms. However, experts also warn that the current rally could be tempered by profit-taking in the coming sessions.
The crossing of the ₦80 trillion mark underscores renewed confidence in Nigeria’s capital market and signals a strong appetite for equities amid ongoing efforts to stabilise the economy and attract investment. Investors are now closely watching economic data releases, including the upcoming Consumer Price Index for June, as well as company earnings reports, which could influence the market’s next direction.
