Nigerian Stocks Add N822bn in One Week as Big Banks’ H1 Results Fuel Bullish Run
The Nigerian stock market extended its winning streak last week, with investors cheering fresh half-year (H1 2025) earnings from two major banks.
Key Market Performance
• Market Cap: Gained N822 billion, closing at N89.744 trillion (vs. N88.922 trillion the previous week).
• NGX All-Share Index (ASI): Rose 0.92% (+1,299.66 basis points), ending the week at 141,845.35 points.
• Momentum: This marks the second straight week of gains.
What’s Driving the Rally?
1. Strong H1 2025 Earnings → Fresh results from top banks gave investors confidence.
2. Macroeconomic Relief → Inflation eased to 20.12% in August 2025, raising hopes of an interest rate cut.
3. Portfolio Rebalancing → Investors are selectively positioning for the next growth phase.
Market Breadth & Movers
• Breadth: Slightly negative – 40 gainers vs. 41 decliners.
• Top Gainers:
• Guinness Nigeria +28.6% → ₦183.90/share
• Multiverse Mining +21.3% → ₦13.95/share
• Eunisell Interlinked +20.3% → ₦30.55/share
• Top Losers:
• Omatek Ventures –18.2% → ₦1.08/share
• Cornerstone Insurance –15.4% → ₦6.20/share
• Secure Electronic Tech –12.8% → ₦0.75/share
Market Activity
• Turnover: 2.735 billion shares worth N85.2bn in 127,284 deals.
• Previous week: 3.188 billion shares worth N99.7bn in 132,711 deals.
Slight decline in volume and value traded, but sentiment stayed positive.
Outlook: What to Watch
• MPC Meeting (this week): All eyes on whether the Central Bank cuts interest rates.
• Q3 Earnings Season: Could drive fresh buying in fundamentally strong stocks.
• Technical Picture: NGX ASI remains bullish – forming higher highs/lows, trading above key moving averages.
Analysts agree the bullish run can continue if no negative shocks emerge.
✅ Takeaway for Investors:
The NGX is currently riding on a mix of strong bank earnings + easing inflation + bullish technicals. However, the MPC’s rate decision this week will be the biggest driver of near-term sentiment.
The Nigerian stock market extended its winning streak last week, with investors cheering fresh half-year (H1 2025) earnings from two major banks.
Key Market Performance
• Market Cap: Gained N822 billion, closing at N89.744 trillion (vs. N88.922 trillion the previous week).
• NGX All-Share Index (ASI): Rose 0.92% (+1,299.66 basis points), ending the week at 141,845.35 points.
• Momentum: This marks the second straight week of gains.
What’s Driving the Rally?
1. Strong H1 2025 Earnings → Fresh results from top banks gave investors confidence.
2. Macroeconomic Relief → Inflation eased to 20.12% in August 2025, raising hopes of an interest rate cut.
3. Portfolio Rebalancing → Investors are selectively positioning for the next growth phase.
Market Breadth & Movers
• Breadth: Slightly negative – 40 gainers vs. 41 decliners.
• Top Gainers:
• Guinness Nigeria +28.6% → ₦183.90/share
• Multiverse Mining +21.3% → ₦13.95/share
• Eunisell Interlinked +20.3% → ₦30.55/share
• Top Losers:
• Omatek Ventures –18.2% → ₦1.08/share
• Cornerstone Insurance –15.4% → ₦6.20/share
• Secure Electronic Tech –12.8% → ₦0.75/share
Market Activity
• Turnover: 2.735 billion shares worth N85.2bn in 127,284 deals.
• Previous week: 3.188 billion shares worth N99.7bn in 132,711 deals.
Slight decline in volume and value traded, but sentiment stayed positive.
Outlook: What to Watch
• MPC Meeting (this week): All eyes on whether the Central Bank cuts interest rates.
• Q3 Earnings Season: Could drive fresh buying in fundamentally strong stocks.
• Technical Picture: NGX ASI remains bullish – forming higher highs/lows, trading above key moving averages.
Analysts agree the bullish run can continue if no negative shocks emerge.
✅ Takeaway for Investors:
The NGX is currently riding on a mix of strong bank earnings + easing inflation + bullish technicals. However, the MPC’s rate decision this week will be the biggest driver of near-term sentiment.