The Nigerian stock market experienced a significant boost on July 8, 2025, with Guaranty Trust Holding Company Plc (GTCO) and 57 other stocks driving market capitalization up by N226.25 billion.
The Nigerian Exchange Limited All Share Index (NGX ASI) rose by 358.60 basis points, a 0.30 percent increase, closing at 121,653.93 from 121,295.33. This pushed total market capitalization to N76.758 trillion, up from N76.532 trillion the previous day.
GTCO was a key performer, gaining 1.7 percent to close at N85.95 per share, buoyed by investor optimism surrounding its planned secondary listing on the London Stock Exchange. Other notable gainers included C&I Leasing, Champion Breweries, Omatek Ventures, and Nigerian Exchange, each up 10 percent, closing at N6.60, N14.96, N1.10, and N56.10 per share, respectively.
The market showed strength with 58 gainers outnumbering 21 losers, indicating robust buying interest across sectors, including banking and consumer goods.
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Trading was lively, with 824.10 million shares valued at N14.44 billion traded in 24,042 deals. Universal Insurance led activity with 71.92 million shares worth N48.94 million, followed by First City Monument Bank with 61.4 million shares at N564.78 million.
Analysts noted that investors, including those in economically active regions like Rivers State, are increasingly focusing on the upcoming half-year earnings season, which could shape portfolio strategies.
Despite the gains, some stocks declined, with Prestige dropping 9.09 percent to N1.20 and UPDC falling 8.23 percent to N4.35.
The positive market breadth and sectoral performance underscored sustained investor confidence, with participation from diverse regions, including Rivers State, contributing to the upbeat sentiment in Nigeria’s equities market.
