The Nigerian Exchange (NGX) closed the week on a high, with investors pocketing a staggering ₦1.814 trillion.
By Friday, July 25, equities had surged, pushing the year-to-date (YtD) return to an impressive +30.63% — the highest level so far in 2025.
This rally didn’t happen by chance.
Strong performances across major sectors powered the market upwards.
Specifically, industrial stocks led with a 4.66% rise.
Meanwhile, insurance stocks advanced by 3.07%, consumer goods gained 2.81%, banking stocks climbed 1.84%, and oil & gas added 0.87% — even as investors continued booking profits in that segment.
MPC Decision Fuels Optimism
Earlier in the week, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) concluded its two-day meeting by choosing to hold interest rates steady.
Investors quickly responded, pricing in the decision and driving five straight days of positive market closes.
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Earnings Season In Focus
So far this year, consumer goods stocks have rallied the most, followed by banking, industrial, and insurance stocks.
Conversely, oil & gas stocks have faced significant profit-taking pressure.
Looking ahead, analysts at Lagos-based Vetiva Research expressed cautious optimism in their July 24 investor note.
They wrote, “We expect the market’s upbeat tone to hold for now, given the still-supportive backdrop driving buy-side interest.
That said, attention is firmly on earnings, and we anticipate the market will move in step with how results land over the coming sessions.”
By week’s end, the NGX All-Share Index (ASI) had climbed from 131,585.21 points to 134,452.93.
At the same time, market capitalisation grew from ₦83.241 trillion to ₦85.055 trillion — underscoring another milestone in a year marked by investor confidence and sector-wide momentum.
