The Nigerian Exchange (NGX) kicked off the week with a robust performance, posting a N1.78 trillion gain in market capitalization on Monday, August 4, 2025. The All-Share Index (ASI) climbed 2,808.71 points, a 1.99% increase, to close at a record 144,071.76 points, pushing total market capitalization to N91.2 trillion. This surge reflects a 6.59% weekly gain, a 19.08% four-week rise, and an impressive 39.98% year-to-date return, reinforcing the NGX’s status as a global leader in 2025.
Trading activity saw 811.09 million shares valued at N19.47 billion exchanged across 35,961 deals, marking a 25% drop in volume and a 27% decline in turnover from the previous session, though deal numbers rose by 4%. Of the 127 listed equities traded, 47 advanced, 23 declined, and the rest remained unchanged. UPDC topped the gainers with a 10% increase, closing at N5.94 per share, followed by Lasaco Assurance and Royal Exchange, both up 10% to N2.86 and N1.65, respectively. UAC of Nigeria gained 9.97% to N97.10, and Sovereign Trust Insurance rose 9.94% to N1.88.
On the losers’ side, Transcorp Power fell 10% to N288.00, Academy Press dropped 10% to N9.90, while John Holt and Total Nigeria declined 9.59% and 9.22%, respectively. FCMB Group led trading volume with 84.95 million shares, followed by Universal Insurance (82.51 million), Fidelity Bank (45.43 million), Aiico Insurance (40.15 million), and Veritas Kapital (39.77 million). In value terms, GTCO led with N2.76 billion, trailed by Zenith Bank (N1.82 billion), Dangote Cement (N1.58 billion), FCMB (N979.42 million), and Fidelity Bank (N955.60 million).
Sectoral indices showed widespread gains, with the NGX Industrial Index soaring 5.72%, driven by strong performances in cement stocks. The NGX Consumer Goods Index rose 4.93%, buoyed by resilient earnings, while the NGX Insurance Index gained 3.44%. The Premium and Main Board indices advanced 2.51% and 1.68%, respectively. The rally reflects strong investor confidence amid positive corporate earnings and macroeconomic reforms, despite challenges like naira depreciation (N1,565/$1 in the parallel market) and inflation (22.22% in June).
The NGX’s bullish momentum, fueled by banking and consumer goods sectors, aligns with Central Bank of Nigeria reforms, including unified exchange rates and $4.1 billion in forex interventions in H1 2025, which have bolstered foreign investor interest. As earnings season continues, analysts anticipate sustained market growth, provided macroeconomic stability persists.
