Overview of NGX Market Performance – Week Ending July 11, 2025
The Nigerian Exchange (NGX) ended the week on a bullish trajectory as the equities market posted strong gains on Friday, July 11, 2025. The All-Share Index (ASI) closed at 126,149.57 points, marking a 1.37% daily increase, while the equity market capitalization rose to ₦79.80 trillion.
Other segments of the market also showed modest upward movements:
- Fixed Income Market Capitalization: ₦51.86 trillion (+0.03%)
- ETP Market Capitalization: ₦27.33 billion (+0.74%)
These figures underscore growing investor confidence, supported by positive sentiment and expectations of strong Q2 corporate earnings.
Top 5 Gainers:Friday, July 11, 2025
The following equities were the top five performing stocks for the day, each recording near or maximum daily percentage gains:
| Stock Name | Closing Price | % Gain |
|---|---|---|
| Cadbury Nigeria Plc | ₦60.50 | +10.00% |
| Guinness Nigeria Plc | ₦96.80 | +10.00% |
| Unspecified Stock A | ₦22.00 | +10.00% |
| Unspecified Stock B | ₦3.63 | +10.00% |
| Red Star Express Plc | ₦13.44 | +9.98% |
The strong price movements reflect heightened demand in consumer goods and logistics stocks, driven largely by retail participation and speculations ahead of earnings season.
Weekly Summary: Best Performing Stocks (WTD)
According to market intelligence reports, the top five weekly performers were:
- FTN Cocoa Processors Plc: +46.2% WTD (YTD +298.9%)
- C&I Leasing Plc: +46.17% WTD (YTD +111.8%)
- Red Star Express Plc: +46.1% WTD (YTD +204.8%)
- Omatek Ventures Plc: +46.0% WTD (YTD +82.5%)
- Meyer Plc: +45.7% WTD (YTD +178.2%)
These stocks exhibited Relative Strength Index (RSI) readings above 80, suggesting overbought conditions and the likelihood of upcoming corrections.
Underperformers of the Week
Despite the general bullishness, some stocks recorded losses:
- VSP Bond ETF: –26.8%
- Greenwealth ETF: –18.2%
- Legend International
- eTranzact International Plc
- Stanbic IBTC ETF 30: Declined between –9% to –16%
These underperformances were likely due to profit-taking, weak sentiment in the fintech space, and investor rotation into stronger-performing sectors.
Market Breadth and Trading Statistics
The market breadth remained positive, with more gainers than losers. According to Afrinvest, the breadth ratio stood at 4.2x, indicating widespread bullish momentum across sectors.
Trading activity surged on Friday:
- Volume traded: 1.39 billion shares
- Value traded: ₦30.55 billion
- Number of deals: 33,399
This marks a daily increase in all major trading indicators, reinforcing investor confidence and liquidity within the market.
Investor Sentiment and Market Drivers
The week’s rally was driven by a combination of factors including:
- Optimism ahead of Q2 earnings season
- Increased local and foreign institutional participation
- Macroeconomic stability and a relatively stable FX window
- Strategic interest in undervalued equities with strong fundamentals
However, analysts caution that with RSI levels on many stocks approaching overbought zones, investors should exercise discipline and monitor for potential profit-taking.
Market Outlook for the Coming Week
Looking ahead, the NGX is expected to maintain its positive momentum, with earnings releases from major banks and industrial firms anticipated to drive trading volumes. However, the market may see pockets of correction as investors rebalance portfolios and lock in recent gains.
Portfolio managers are advised to stay informed and apply risk-management strategies, especially around volatile penny stocks and speculative counters.
The Nigerian Exchange capped off a strong trading week with the All-Share Index hitting 126,149.57 points and the equity market capitalization reaching ₦79.80 trillion. With broad-based gains, active trading, and rising market sentiment, the outlook for the NGX remains optimistic provided caution is maintained amidst high RSI levels and speculative buying
