Nigerian Exchange Market Cap Soars Past N85tn as Investors Anticipate Q2 Earnings

The Nigerian Exchange Limited (NGX) maintained its bullish momentum in H1 2025, with market capitalisation surging by N22.14tn to reach N85.46tn as of July 28, 2025, a 35.78% increase from N62.92tn at the year's open. The All-Share Index climbed from 103,180.14 points to 135,166.51, delivering a year-to-date return of 31.02%. Recent weekly trade saw robust activity: 3.691 billion shares worth N112.261bn changed hands in 138,250 deals, with the financial services sector accounting for 57.62% of shares and 42.13% of value. Leading equities—Access Holdings, United Bank for Africa, and Japaul Gold—represented over 20% of volume and 17% of value. The All-Share Index closed the last week at 134,452.93 points (+2.18%), and sectoral gains were led by industrial goods, with a 4.66% increase. Overall, investor sentiment remains optimistic, supported by strong earnings, resilient macroeconomic conditions, and positive sectoral trends.

Reference

"NGX market cap crosses N85tn as investors eye Q2 earnings"—Punch "NG (https://punchng.com/ngx-market-cap-crosses-n85tn-as-investors-eye-q2-earnings/), published July 28, 2025.