- NGX ASI Soars 3.18%
BY BONNY AMADI
In the week ended Friday August 08, 2025, the Nigerian equities market investors recorded N2.84 trillion gain as more investors deepened their investment portfolios.
The Equities market for the week recorded another remarkable performance, climbing to fresh record levels amid strong bullish sentiment across key sectors.
The rally was largely propelled by renewed investor interest in Insurance, Industrial, and Consumer Goods stocks, following the official signing of the Nigerian Insurance Act into law.
This development served as a significant market catalyst, enabling market players to reassess their holdings and adjust their portfolios in line with evolving sector dynamics and macroeconomic indicators.
In the week, the benchmark NGX All-Share Index (ASI) advanced by 3.18 per cent week-on-week (W/W) to close at 145,754.91 points, having attained a new high of 146,570.71 points during the week.
Correspondingly, market capitalisation surged by N2.84 trillion to reach N92.21 trillion, bringing the year-to-date return to an impressive 41.61 per cent. Investor sentiment remained largely positive throughout the week, as reflected in the market breadth which showed 66 gainers against 41 decliners.
Market activity was somewhat mixed. The total volume of transactions recorded a significant spike of 79.8% week-on-week to 8.72 billion units, suggesting increased retail and institutional participation in key tickers.
However, total market value traded declined by 10.5% to N134.04 billion, which may indicate a shift in focus towards lower-priced or mid-cap stocks.
The number of deals executed rose modestly by 3.24 per cent to 179,908 compared to the previous week.
Sectoral performance was broadly positive, with four of the six sectors under coverage closing the week in the green. The Insurance sector emerged as the top performer, surging by an eye-catching 41% week-on-week.
This rally was driven by investor optimism surrounding the sector’s growth prospects following the enactment of the new Insurance Act, which has sparked expectations of recapitalisation and regulatory reforms.
Stocks such as Mutual Benefits Assurance, AIICO Insurance, ROYALEX, SOVRENINS, and CORNERSTONE were at the forefront of the rally, each posting weekly gains above 50%.
The Industrial Goods sector also performed strongly, appreciating by 8.73 per cent on the back of gains in large-cap stocks such as Dangote Cement and BUA Cement.
The Consumer Goods index followed closely, rising by 8.27 per cent week-on-week, largely supported by upward movements in stocks like BUA Foods, GUIN- NESS, and ELLAH LAKES.
The Oil & Gas sector posted a modest 0.17 percent gain, with support from counters such as OANDO and JAPAULGOLD.
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