Stock Market Investors Gain N12.47trn In July

The Nigerian equities market has recorded a considerable acquire in July 2025, with traders gaining a whopping N12.474 trillion.

This spectacular development is attributed to the market’s bullish pattern, which is pushed by worth appreciation in massive—and medium-capitalized shares.

Analysts famous that Nigeria’s equities market sustained its optimistic trajectory via the month in anticipation of the discharge of sturdy company earnings for the primary half of 2025.

The market capitalisation gained N12.747 trillion from N75.951 trillion at first of July to shut at N88.425 trillion on the finish of July 31, 2025. Equally, the Nigerian Trade (NGX) Restricted All-Share Index (ASI) rose by 16.58 per cent from 119,978.57 on June 30, 2025, to 139,863.52 factors on July 31, 2025.

Sectoral efficiency was broadly bullish all through the month below assessment. The NGX Industrial Items index recorded a development of 26.19 per cent for the month of July. The NGX Banking index adopted with a month-on-month acquire of twenty-two.17 per cent, whereas NX Insurance coverage appreciated by 18.84 per cent.

Additionally, NGX Lotus II, NGX Pension, NGX 30, NGX Client Items and NGX Oil & Gasoline indices up by 16.44 per cent, 14.25 per cent, 11.52 per cent, 9.93 per cent and 0.45 per cent respectively within the month below assessment.

Talking on market efficiency for July, the vice chairman of Highcap Securities Restricted, David Adonri, famous that with such a considerable rally to happen, investor confidence will need to have been remarkably excessive.

In keeping with him, a number of components contributed to this surge in confidence. Firstly, the optimistic expectations surrounding half-year disclosures performed an important position. Many listed firms reported spectacular H1 outcomes, with some, like Unilever Nigeria, stunning the market by saying interim dividends after years of not doing so. This stream of sturdy monetary outcomes undoubtedly supported the market’s upward trajectory.

Adonri added that “a decline in rates of interest for short-term benchmarks, equivalent to treasury payments and bonds, inspired a shift from debt devices to equities. Regardless of heavy oversubscription, the yields on these debt devices decreased, additional enhancing investor confidence within the broader Nigerian financial system.

“Moreover, macroeconomic developments, equivalent to a GDP development of three.13 per cent within the final quarter and a modest inflation charge of round 22.3 per cent, strengthened traders’ optimism. This optimistic outlook attracted home traders and garnered curiosity from overseas traders, serving to to maintain the fairness market rally.”

For the August outlook, he famous that “whereas the market has already reacted to varied price-sensitive occasions and company disclosures, it’s important to acknowledge that market responses can typically exhibit exuberance, resulting in potential corrections within the close to future.”

The managing director of World View Capital Restricted, Kebira Aruna, said that the All-Share Index skilled a major acquire of 16.58 per cent in July, and this spectacular rise could be attributed, partly, to company studies that exceeded market expectations.

He defined that “traditionally, revenue development figures have hovered round 20 per cent to 50 per cent, however now there are cases of extraordinary recoveries, equivalent to an organization shifting from a lack of N8.9 million to earnings of N2.9 million and in the end to N5.5 million, demonstrating development within the neighborhood of 100 per cent.

“With the anticipation surrounding dividend declarations, the market stays targeted on firms that constantly carry out nicely. Nonetheless, the timeline for these outcomes might fluctuate, because the auditing course of usually takes a few months, that means we would see these bulletins in mid-August or September.”

Aruna additionally mentioned that “liquidity inside the market stays an important matter. Whereas the federal government has been borrowing, there’s a noticeable shift in urge for food. For instance, when the market provided $300 billion, the federal government solely accepted $2.5 billion. At the moment, the market’s choices are diminished to $200 billion, with the federal government borrowing in smaller quantities, indicating a want to barter higher charges.”