Investors sustained confidence in Nigerian equities despite recording May’s weakest monthly gain so far this year.
NGX Market Momentum Slows
The All-Share Index climbed from 242,277.8 points and closed at 250,385.7 points during May trading.
Meanwhile, investors exchanged more than 18 billion shares across the Nigerian Exchange throughout the month successfully.
Equity capitalisation also increased sharply from ₦99.3 trillion earlier this year to ₦160.5 trillion recently.
So far, the Nigerian equities market has delivered an impressive 60.90% year-to-date return to investors nationwide.
Industrial Stocks Surge
Industrial stocks dominated market activities as the NGX Industrial Index advanced strongly by 8.60% during May.
Furthermore, Dangote Cement supported the rally significantly after investors pushed its stock price higher by 21.65%.
Berger Paints also soared 80.55%, while Meyer climbed 28.75% during active industrial sector trading nationwide.
Read Also: Nigeria Cuts Fiscal Deficit To ₦330Bn In Q3 2025
Insurance Demand Rises
Meanwhile, insurance stocks attracted stronger investor demand as the NGX Insurance Index gained 6.45% overall.
Sovereign Trust Insurance climbed 32.21%, while Consolidated Hallmark gained 20.19% during May trading activities nationwide.
Similarly, banking stocks maintained momentum after Ecobank rallied 20.84%, supporting steady sector-wide market performance.
However, the NGX Oil and Gas Index declined 1.93%, making the sector May’s weakest market performer overall.
Despite slower momentum, the Nigerian Exchange closed above 250,000 points and maintained bullish investor confidence nationwide.
