NGX’s Strong Close in July 2025

The Nigerian Exchange (NGX) ended July 2025 on an impressive high, energized by favorable economic drivers like rising crude oil prices, enhanced foreign reserves, and stable FX markets. This environment attracted investors to key large-cap and mid-cap stocks, amplified by stellar half-year earnings and expected dividends, resulting in widespread market uplift.

Key indicators highlighted the surge: market capitalization reached N88.425 trillion, a N12.47 trillion (16.41%) increase from N75.951 trillion. The All-Share Index (ASI) rose to 139,863.52 points, up 16.58% or 19,884.95 points from 119,978.57. Year-to-date, ASI gained 35.9%, with market cap expanding N25.66 trillion from an implied N62.765 trillion at end-2024. July 31 saw a N863 billion daily boost from 39 advancing firms.

Sectors performed variably yet positively, supported by 3.13% prior-quarter GDP growth and lower debt yields. Industrial Goods led at 26.19%, Banking at 22.17%, Insurance at 18.84%, Lotus II at 16.44%, Pension at 14.25%, NGX 30 at 11.52%, Consumer Goods at 9.93%, and Oil & Gas at 0.45%.

Highlights included watchlist picks like Aradel, MTN Nigeria, and Wema Bank; Dangote’s refinery listing plans; Oando’s Q2 results; and Ikeja Hotel’s TCN updates. While confidence soars, caution persists against over-optimism. Track NGX for August trends.