The Nigerian Exchange (NGX) wrapped up July 2025 on a bullish trajectory, adding a remarkable N12.62 trillion to its market capitalisation. On the final trading day of the month, the All-Share Index (ASI) rose by 0.42% to close at a historic high of 139,863.67 points, up from 139,278.67.

This marked the culmination of a 21-day winning streak, pushing the monthly return to 17.03%. On a weekly basis, the ASI climbed 3.97%, while the year-to-date performance stood at a robust 34.60%.

Trading activity on Thursday, July 31, saw 1.1 billion shares worth N32.99 billion exchanged in 37,365 deals. Compared to the prior session, volume increased by 24%, turnover dipped 2%, and deal count rose by 3%.

Out of 127 equities traded, 28 advanced while 54 declined. UAC of Nigeria topped the gainers’ chart with a 10% increase, closing at N80.30 per share. Wema Bank and Guinness Nigeria followed closely, gaining 10% and 9.96%, respectively. Skyway Aviation Handling and Mecure Industries also posted notable gains of 9.95% and 9.69%.

On the losing side, The Initiates Plc led the chart with a 10% drop to N13.50. AXA Mansard Insurance, Learn Africa, and FTN Cocoa Processors also declined by 10% each, while Ikeja Hotel and HMC Allied Devices lost 9.96% and 9.94%, respectively.

In terms of trade volume, FCMB Group led with 121.5 million shares, followed by Universal Insurance (91.5m), Fidelity Bank (81.1m), and Regency Alliance Insurance (64.5m). On the value chart, Lafarge Africa recorded the highest turnover at N3.53 billion, trailed by Dangote Cement (N2.85bn), MTN Nigeria (N2.83bn), GTCO (N2.45bn), and Fidelity Bank (N1.7bn).

Sectoral indices also showed positive performance. The Top 30 Index rose 0.5%, the Industrial Index gained 1.35%, and the Premium Index added 1.04%. The Oil & Gas Index advanced 0.94%, the Pension Index edged up by 0.35%, and the Banking Index recorded a modest 0.08% increase.

By month-end, the NGX’s total market capitalisation reached N88.4 trillion, underpinned by sustained investor confidence, upcoming corporate earnings, and anticipation around economic reforms.

Notably, on Wednesday, July 30, the market saw a capital gain of N863 billion, with the ASI advancing 1,365.80 points (0.99%) to close at 139,278.67. This contributed to a one-week gain of 5.07%, a four-week gain of 16.32%, and a year-to-date increase of 35.32%.