The Nigerian bourse was in a winning spree on Tuesday, July 22, 2025, as the All-Share Index kept rising further, surpassing the 132,000 mark to close at 132,451.73.
This marks a 0.47 percent improvement over the prior closing at 131,826.77 and is an indication of investor confidence that keeps improving as activity picks up.
Volumes also rose strongly, to 771.6 million shares compared with the last session’s 706 million. This increase in market activity also added N400 billion to the overall market capitalization, to N83.7 trillion from N83.3 trillion.
Leading the day’s gainers was Dangote Sugar, which rose 10 percent to close at N56.10 per share. TIP was also impressive with a 9.97 percent increase, followed by SOVRENINS, ENAMELWA, and UPL, all of which recorded near double-digit gains. These gains came on the heels of high appetite by investors, especially in consumer goods and insurance spaces.
On the downside were Ellah Lakes and Legend Internet who both dropped by an impressive 10 percent to be the worst-performing stocks of the day. FTN Cocoa, Meyer, and Thomas Wyatt then trailed with over 9 percent declines each, primarily due to sell-offs triggered by profit-taking and poor fundamentals.
Access Holdings (ACCESSCORP) led the volume board with 102.8 million shares traded, reflecting large retail and institutional buying. Ellah Lakes was also buoyant with 56.7 million shares traded, with UBA, GTCO, and WAPCO following in volume.
Value-wise, Lafarge Africa took the lead with N3.8 billion, followed by GTCO with N3.1 billion and ACCESSCORP with N2.7 billion. UBA and Zenith Bank also impressed, carrying out transactions valued at N2.2 billion and N1.8 billion respectively.
Among stocks with more than a trillion naira market capitalization, Lafarge Africa rose 8.62 percent, BUACEMENT rose 4.01 percent, International Breweries and Fidelity Bank rose 1.09 percent and 0.93 percent, respectively. Aradel and Nigerian Breweries were however among the few heavyweights that lost 4.03 percent and 1.62 percent, respectively.
In the near future, market sentiment is also bullish. The performance of the leading sector is good and the sustained appreciation of value and turnover of the sector indicate that the current momentum can persist. Without making the huge profit-taking, if the buying demand continues, the benchmark index can be heading towards testing the level of 135,000 in the near-term sessions ahead.
