The first trading day of August 2025 on the floor of the Nigerian Exchange (NGX) Limited ended on a positive note, with a 1.00 per cent appreciation.
The bourse continued its upward movement due to sustained buying pressure, pushing prices of most stocks on the platform higher at the close of transactions.
According to data, the All-Share Index (ASI) was up by 1,399.53 points to a record high of 141,263.05 points from the preceding day’s 139,863.52 points and the market capitalisation gained N948 billion to settle at N89.373 trillion compared with the previous session’s N88.425 trillion.
UAC Nigeria gained 9.96 per cent to sell for N88.30, BUA Cement appreciated by 9.63 per cent to N148.00, Veritas Kapital grew by 9.45 per cent to N1.39, Beta Glass improved by 9.22 per cent to N408.50, and Legend Internet rose by 8.84 per cent to N6.40.
On the flip side, Champion Breweries slumped by 10.00 per cent to N12.51, Oando crashed by 10.00 per cent after the release of its H1 2025 earnings to N53.10, Dangote Sugar also declined by 10.00 per cent to N66.15, Cornerstone Insurance dropped 9.78 per cent to N4.15, and Abbey Mortgage Bank plunged by 9.76 per cent to N5.27.
Investor sentiment was slightly weak after Customs Street finished with 34 price gainers and 35 price losers, representing a negative market breadth index.
Yesterday, the market participants transacted 1.1 billion equities worth N26.9 billion in 34,488 deals compared with the 1.1 billion equities valued at N33.7 billion traded in 37,370 deals in the previous session, indicating the trading volume was flat, the trading value was down by 20.18 per cent, and the number of deals was up by 7.71 per cent.
The most active stock remained FCMB with 277.2 million units sold for N2.8 billion, Fidelity Bank exchanged 85.6 million units valued at N1.8 billion, Sterling Holdings traded 58.4 million units worth N396.8 million, Universal Insurance transacted 44.7 million units valued at N32.8 million, and Veritas Kapital exchanged 41.5 million units worth N57.2 million.