Nigeria’s stock market posted weekly gains, fueled by rallies in insurance and consumer goods stocks, edging near the 121,000 mark.
The Nigerian stock market ended the week on a bullish note as the All-Share Index rose 0.83% to close at 120,989.66 on July 4, 2025. Weekly trading volume surged to 4.8 billion shares, and market capitalization expanded to ₦76.3 trillion.
The NGX Insurance Index led sectoral performance with a 5.86% gain, followed by the Consumer Goods Index at 4.08%. Meanwhile, the Industrial Goods Index declined 2.11%, dragged by a 3.41% fall in Dangote Cement.
Top gainers included MEYER Plc (+60.11%), RT BRISCOE (+50.83%), and FTN Cocoa (+40.24%). PZ Cussons led the losers, down 14.96%.
Despite a weak start to the week, midweek rebounds lifted the index, setting a positive tone for the next trading sessions. GTCO’s plans to list on the LSE and multiple corporate updates added further investor interest. Analysts expect bullish sentiment to persist if large- and mid-cap stocks maintain momentum.
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