Stock Market Surges with N1.736trn Gain, Second Highest in History

Due to robust corporate earnings reporting during the earnings season, the Nigerian stock market saw a notable rise of N1.736 trillion on Tuesday.

The gain is the second-highest on the exchange floor, following the largest single-day increase in market capitalization on Thursday, July 10, 2025, when the All-Share Index (ASI) jumped 2.01 percent, or 2,457.13 points, and the total market capitalization increased by about N1.76 trillion.

The All-Share Index ended the day at 137,912.87 points, up 2,746.36 basis points, or 2.03 percent. The market capitalization value as a whole also increased by N1.736 trillion, closing at N87.191 trillion.

Okomu Oil, MTN Nigeria Communications (MTNN), Beta Glass, Lafarge Africa, and Dangote Cement are major and medium-capitalized businesses whose price appreciation drove the market’s good performance.

The market breadth indicator of investor sentiment closed higher, with 51 stocks rising and 25 falling. The largest price increases were recorded by Haldane Mc­Call, Thomas Wyatt Nigeria, Learn Africa, and Berger Paints Nigeria, which closed at N34.10, N6.93, N3.19, and N4.73 per share, respectively.

Following with gains of 9.99 percent each, MTNN and Ellah Lakes closed at N451.60 and N9.80, respectively, while Academy Press saw a 9.96 percent increase, closing at N11.26 per share.

Conversely, Vitafoam Nigeria closed at N79.10 a share, down 9.96 percent, while Abbey Mortgage Bank and Northern Nigeria Flour Mills (NNFM) led the losers’ list by 10 percent each, closing at N7.20 and N93.15, respectively.

At N37.65, Industrial & Medical Gases Nigeria (IMG) saw a 9.93% decline in share price, while International Breweries saw a 7.10% decline, closing at N15.05.

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With 28,358 transactions, the overall amount of trade rose by 18.25% to 940.804 million units, worth N30.627 billion.

The activity chart was dominated by transactions involving 111.265 million shares of Fidelity Bank, which were for N2.335 billion. After that, the Royal Exchange exchanged 74.075 million shares worth N110.803 million, while Jaiz Bank traded 60.856 million shares worth N238.186 million.

38.281 million shares for N28.833 million were exchanged by Universal Insurance, and 36.813 million shares worth N1.006 billion were traded by Access Holdings.

Afrinvest Limited stated, “We expect the market to sustain its upward trajectory as major players’ earnings releases ignite fresh buying opportunities.”