Strong company results reports throughout the reporting season propelled Tuesday’s notable N1.736 trillion increase on the Nigerian stock market.
After the largest single-day increase in market capitalization on Thursday, July 10, 2025, when the All-Share Index (ASI) jumped by 2.01 percent (or 2,457.13 points) and the total market capitalization increased by roughly N1.76 trillion, the gain is the second-highest on the exchange floor.
To conclude at 137,912.87 points, the All-Share Index increased by 2,746.36 basis points, or 2.03 percent. Similarly, the entire market capitalisation value rose N1.736 trillion to finish at N87.191 trillion.
Price appreciation in major and medium-capitalized firms, such as Okomu Oil, MTN Nigeria Communications (MTNN), Beta Glass, Lafarge Africa, and Dangote Cement, was the primary driver of the market’s favorable performance.
Market breadth, a measure of investor mood, closed higher as 25 equities fell and 51 rose. With the largest price increases of 10% apiece, Berger Paints Nigeria, Learn Africa, Thomas Wyatt Nigeria, and Haldane McCall closed at N34.10, N6.93, N3.19, and N4.73 per share, respectively.
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Academy Press increased by 9.96 percent to settle at N11.26 per share, while MTNN and Ellah Lakes followed with gains of 9.99 percent each to close at N451.60 and N9.80, respectively.
Vitafoam Nigeria, on the other hand, fell 9.96 percent to settle at N79.10 a share, while Abbey Mortgage Bank and Northern Nigeria Flour Mills (NNFM) led the losers’ chart by 10 percent each to close at N7.20 and N93.15, respectively.
International Breweries lost 7.10 percent to settle at N15.05 per share, while Industrial & Medical Gases Nigeria (IMG) fell 9.93 percent to close at N37.65.
The overall amount of trading, which was worth N30.627 billion and exchanged in 28,358 transactions, rose by 18.25% to 940.804 million units.
With 111.265 million shares worth N2.335 billion, transactions in Fidelity Bank shares took the top spot on the activity chart. Jaiz Bank exchanged 60.856 million shares worth N238.186 million, while Royal Exchange followed with 74.075 million shares worth N110.803 million.
Access Holdings exchanged 36.813 million shares worth N1.006 billion, while Universal Insurance exchanged 38.281 million shares worth N28.833 million.
“We expect the market to sustain its upward trajectory as earnings releases of major players ignite fresh buying opportunities,” stated Afrinvest Limited in reference to the market forecast.
