The Nigerian stock market wrapped up the trading week ended July 11, 2025, on a strong note, as the All-Share Index (ASI) surged by an impressive 5,159.93 points, representing a 4.26% gain.
Driven largely by sharp rallies in heavyweight banking stocks, the surge lifted the index from 120,989.66 to 126,149.59, marking the market’s seventh consecutive week of gains.
Investor activity also picked up pace, with total trading volume rising to 5.3 billion shares, up from 4.8 billion the week before, indicating solid market participation.
Market capitalization expanded accordingly, climbing from N76.8 trillion to N79.8 trillion, just a step away from the N80 trillion milestone.
The Nigerian stock market closed every trading day in the week ended July 11, 2025, in positive territory, continuing its bullish momentum.
Leading the pack among gainers was FTN COCOA PROCESSORS PLC, which soared 60.60% week-to-date, marking a standout performance. RED STAR EXPRESS PLC followed closely with a 60.57% gain.
Other major gainers included:
LEGEND INTERNET PLC led the laggards, falling 12.50% week-to-date, while INTERNATIONAL ENERGY INSURANCE PLC followed with a 6.75% decline.
Other notable decliners included:
The week was packed with key corporate developments and investor updates:
The Nigerian equities market remains firmly in bullish territory, having broken through both the 120,000 and 125,000 psychological thresholds.
With investors eagerly anticipating the flood of Q2 2025 earnings results, and provided key stocks are not perceived as overbought in the coming sessions, the All-Share Index (ASI) may sustain its upward trajectory.