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Written by Springnewsng | June 30, 2025

The Nigerian Exchange Limited (NGX) recorded a strong bullish performance last week, adding a total of N1.43 trillion to its market capitalisation, as renewed investor confidence surged, particularly in the banking sector. Leading the charge were Zenith Bank Plc, Access Holdings Plc, and Fidelity Bank Plc, which dominated trading volumes and value.

According to the NGX Weekly Market Report, the All-Share Index (ASI) climbed by 1.57%, closing at 119,995.76 points, up from 118,138.79 points the previous week. Market capitalisation rose by 1.92%, jumping from N74.528 trillion to N75.962 trillion.

During the week, a total of 3.903 billion shares valued at N102.221 billion were traded in 114,484 deals, up from 3.566 billion shares worth N115.403 billion in 99,960 deals in the prior week.

The financial services sector led the trading chart, accounting for 2.030 billion shares worth N41.934 billion in 42,959 deals—contributing 52.02% and 41.02% to total equity turnover volume and value respectively.

Next was the services industry, with 396.590 million shares valued at N4.596 billion, followed by the agriculture sector, trading 385.704 million shares worth N14.469 billion.

Among individual stocks, Fidelity Bank, Access Holdings, and Zenith Bank dominated activity by volume and value. These three equities collectively accounted for 864.681 million shares worth N25.955 billion across 15,136 deals, representing 22.16% of total volume and 25.39% of total value.

There was also heightened interest in Exchange Traded Products (ETPs), as 71,070 units valued at N50.203 million were traded in 220 deals, a significant increase from 31,960 units valued at N5.800 million in 144 deals a week earlier.

In the bond market, 143,857 units valued at N134.173 million were traded in 44 deals, improving on the previous week’s 106,836 units worth N104.905 million in 58 deals.

Market sentiment was broadly positive with 78 gainers, compared to 55 in the previous week. Decliners dropped to 27 stocks, from 42, while 43 equities remained unchanged.

Sectoral performance was mostly upbeat. All indices closed positive except for the Oil and Gas Index, which fell by 2.23% due to profit-taking in select energy stocks.

A notable event during the week was the official listing of TSL SPV Plc’s N5 billion 21% Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds due 2035 on Wednesday, June 25, under its N50 billion bond issuance programme.

The sustained bullish sentiment, driven by strong institutional and retail interest in top-tier banking equities, continues to position the NGX for further growth in the second half of 2025