The Nigerian stock market extended its winning streak to an impressive 11 weeks, ending the trading week of August 8, 2025, deep in the green with a 4,491.86-point gain to close at 145,754.91.
This represents a solid 3.18% gain for Customs Street, with the All-Share Index jumping from its opening level of 141,263.05, fueled by a wave of bullish momentum in the insurance sector.
Investor participation was notably stronger, with weekly trading volume soaring to 7.7 billion shares, well above the 4.8 billion recorded the week before.
Market capitalization also swelled, climbing to N92.2 trillion from N89.37 trillion, bringing the market within striking distance of the N100 trillion milestone.
The Nigerian stock market extended its winning streak to an impressive 11 weeks as bullish momentum carried over from previous sessions.
NGX Premium Index gained 0.62%, supported by a 9.22% rise in DANGOTE CEMENT. Losses in other heavyweight stocks in the category, however, reduced the upside.
NGX Main Board Index added 4.64%, while the NGX 30 Index advanced 2.74%.
Leading the pack, the NGX Insurance Index soared 41%, with all the week’s top gainers coming from the sector.
Meanwhile, the NGX Banking Index fell 0.75% as profit-taking hit several tier-one lenders.
Leading the pack was MUTUAL BENEFITS ASSURANCE PLC, which soared 60.44% week-to-date, marking a standout performance. AIICO INSURANCE PLC followed closely with a 59.82% gain.
Other major gainers included:
LIVINGTRUST MORTGAGE BANK PLC led the laggards, falling 24.13% week-to-date. ACADEMY PRESS PLC followed, down 18.18%.
Other notable decliners included:
The week had several corporate disclosures and notable developments across multiple sectors:
The Nigerian equities market closed yet another week on a positive note, breaking through the 145,000 mark and eyeing further gains.
However, the relatively modest bullish momentum in several heavyweight stocks could signal possible retracements if profit-taking gathers pace.
However, the relatively modest bullish momentum in several heavyweight stocks could signal possible retracements if profit-taking gathers pace.