Equity trading on the floor of the Nigerian Exchange Limited (NGX) extended its positive momentum on Monday for the ninth consecutive day as the local bourse advanced further to ₦80 trillion on market capitalisation.
The gains were backed by an improving economic outlook for the West African nation.
At close of business on Monday, the All-Share Index (ASI) of listed equities rose by 539.95 basis points, representing a 0.43% increase to close at 126,689.54 points—higher than Friday’s 126,149.59 points, extending its longest set of consecutive daily gains since March 2024.
That takes its local-currency returns to 27% in the last 52 weeks —double the rise in the MSCI Emerging Markets Europe, Middle East and Africa Index in the same period.
The index measures the performance of equity markets in the Middle East, African, and emerging European economies.
- Industrial and banking stocks contributed majorly to the rally by 0.43 per cent recorded at the NGX as the new week opened.
Listed stocks value rose to new high of ₦80.143 trillion on Monday, 14 July 2025, as investors gained additional ₦340 billion on market capitalisation to close at ₦80.143 trillion compared to the ₦79.803 trillion of the previous day.
The upbeat sentiment in the market further showed a broad-based investor participation and growing confidence in the Nigerian equity market.
The market’s return this year or year-to-date figure has increased to 23.09 per cent. This month, the market has risen by 5.59 per cent so far.
On price movement, 45 stocks made it to the gainers’ table relative to 36 losers.
NSLTECH led the gainers’ list with a 10% per cent profit on its share price to close at ₦1.10. ABBEYBDS followed with a 9.99% increase to close at ₦7.60k per share; then Ikeja Hotel had a 9.95% gain on its share price to close at ₦22.10k.
On the flipside, RTBRISCOE, CAVERTON, CUTIX Plc, and TANTALIZER had a 10% decline on their respective share prices to close at ₦3.96k, ₦7.20k, ₦4.14k, and ₦2.70k, respectively.
The Neimeth International Pharmaceuticals, among others, lost 9.95% on its share price to close at ₦8.24k.
The trading session ended with 1,286,687,678 shares worth ₦32.204 billion that exchanged hands in 39,431 deals.
Access Holdings, Japaul Gold, AIICO, UBA Plc, and Jaiz Bank were the actively traded stocks on Monday.