The Nigerian Exchange Limited (NGX) opened the week on a bullish note as market capitalisation rose by ₦279 billion on Monday, June 24, 2025, driven by renewed buying interest in key stocks across different sectors.
At the close of trading on Monday, the market capitalisation increased from ₦74.55 trillion recorded on Friday to ₦74.83 trillion. The All-Share Index also moved up by 441.43 points, representing a 0.37 per cent gain, to settle at 118,579.65. The strong start to the week followed improved sentiment from both institutional and retail investors who are becoming more active in the market despite lingering macroeconomic pressures.
The top gainers of the day were Presco Plc, Beta Glass, Champion Breweries, Neimeth International Pharmaceuticals, and FTN Cocoa Processors, each recording the maximum daily gain of 10 per cent. Presco Plc closed at ₦1,210 per share, Beta Glass at ₦303.60, Champion Breweries at ₦9.02, Neimeth at ₦4.07, and FTN Cocoa at ₦3.08.
Another notable gainer was Legend Intercontinental, which appreciated by 9.97 per cent to close at ₦8.71 per share. These gains significantly boosted investor confidence and lifted the overall mood of the stock market.
However, the day was not without losers. Julius Berger Nigeria Plc led the losers’ chart with a decline of 7.48 per cent, closing at ₦117.50. Chams Holdings Plc and Secure Electronic Technology Plc followed closely, shedding 5 per cent each to close at ₦2.05 and ₦0.57 respectively. Multiverse Mining & Exploration Plc also declined by 4.66 per cent to ₦9.20, while Red Star Express Plc and ABC Transport Plc lost 3.85 per cent and 3.70 per cent respectively.
In terms of market activity, there was a noticeable improvement. A total of 653.66 million shares valued at ₦21.33 billion were exchanged in 22,206 deals. This reflected a 25 per cent increase in trading volume, an 8 per cent increase in turnover, and a 25 per cent rise in the number of deals when compared to the previous trading session on Friday.
Fidelity Bank emerged as the most traded stock by volume, exchanging 142 million shares. It was followed by Zenith Bank with 46.3 million shares, Nigerian Breweries with 38.1 million shares, and FTN Cocoa Processors with 38 million shares.
Sectoral performance also showed a positive trend. The Insurance Index gained 1.9 per cent, driven by renewed interest in insurance stocks. The Consumer Goods Index went up by 0.73 per cent, the Banking Index appreciated by 0.62 per cent, while the Oil and Gas Index recorded a 0.43 per cent increase. These upward movements across sectors contributed to the overall market rebound.
The positive trend seen on Monday built on last week’s strong performance. The NGX recorded a total gain of ₦1.875 trillion the previous week, largely fuelled by investors’ increased appetite for key banking stocks such as Zenith Bank Plc, Access Holdings Plc, and Champion Breweries Plc.
As of the latest data, the NGX has posted a one-week gain of 2.88 per cent, a four-week gain of 8.17 per cent, and a year-to-date return of 15.21 per cent. These gains show that despite rising inflation, foreign exchange challenges, and general macroeconomic uncertainties, investors remain optimistic about long-term returns in the Nigerian capital market.
Market analysts suggest that improved liquidity, strong quarterly earnings reports, and rising oil prices have helped to fuel the recent rally. However, they warn that volatility may persist due to ongoing economic reforms, fluctuating currency rates, and high interest rates, which continue to shape investor behaviour.
