The Nigerian inventory market wrapped up the primary half of 2025 on a powerful be aware, with the All-Share Index gaining 16.57% year-to-date.
This marks the sixth consecutive optimistic first-half efficiency since 2020, reaffirming investor confidence and market momentum.
The heavyweight index rose from a gap degree of 102,928.6 in January to shut June at 119,978.6, supported by a complete market quantity of 67.08 billion shares, with Might and June recording the very best surge.
Behind this rally had been spectacular performances from mid- and large-cap shares throughout main sectors, notably in client items, banking, and insurance coverage.
Right here’s a breakdown of how key sector indices carried out:
NGX Shopper Items Index (52.21%)
The standout performer of the half-year was the NGX Shopper Items Index, which soared by 52.21%, making it the top-gaining sector out there.
Shopper Items Index opened the yr at 1,731.7 factors and closed June at 2,635.9, gaining 904.2 factors.
Apart from March, the index posted positive factors each month, with bullish momentum intensifying within the second quarter from April to June.
Prime drivers included:
- Honeywell Flour Mills (+241.3%)
- Vitafoam (+221.74%)
- Champion Breweries (+162.47%)
- Worldwide Breweries (+150.45%)
- Northern Nigerian Flour Mills (+146.01%)
NGX Banking Index (18.06%)
Tracked by the NGX Banking Index, the banking sector ranked second in efficiency for the primary half of 2025, recording a year-to-date achieve of 18.06%.
The index opened the yr at 1,084.5 factors and climbed to 1,280.4 factors by the top of June, supported by a sturdy buying and selling quantity of 24.6 billion shares.
Whereas no banking inventory soared over 100%, notable positive factors had been seen in:
- Wema Bank (67.64%)
- Stanbic IBTC (47.57%)
- GTCO (+42.54%)
- Zenith Bank (+25.16%)
- Fidelity Bank (14.29%)
NGX Insurance coverage Index (5.23%)
The NGX Insurance coverage Index recorded a modest however optimistic half-year achieve of 5.23%, with a complete buying and selling quantity of 11.8 billion shares exchanged over the interval.
The index opened the yr at 719.9 factors and appreciated to 755.5 factors by the top of June, with June rising because the sector’s most worthwhile month.
Main the sector’s advance had been:
- NEM Insurance coverage (+63.47%)
- Linkage Assurance (+30.51%)
- Sovereign Belief Insurance coverage (+19.64%)
- Cornerstone Insurance coverage (+18.89%)
Every of those shares delivered sturdy returns, serving to to drive the sector’s general efficiency.
NGX Industrial Items Index (1.85%)
The NGX Industrial Items Index posted a modest achieve of 1.85% within the first half of 2025, rating because the fourth-best performing sector.
Tracked by the NGX Industrial Items Index, the sector opened the yr at 3,572.2 factors and inched as much as 3,638.2 factors by the top of June, on a market quantity of 1.85 billion shares.
February stood out because the sector’s best-performing month, with the index closing within the inexperienced in three out of six months.
Nonetheless, June ended within the purple, barely flattening the sector’s general momentum.
Prime gainers within the sector included:
- Beta Glass (+414.56%)
- Berger Paints (+50.00%)
- CUTIX (+42.61%)
- Chemical and Allied Merchandise Plc (CAP) (+34.08%)
- Lafarge Africa (+24.66%)
- Meyer Plc (+19.22%)
Regardless of these positive factors, an 8% decline in Dangote Cement, the sector heavyweight, considerably decreased general efficiency.
NGX Oil & Fuel Index (-10.12%)
Oil and Fuel was the one main sector to shut the primary half of 2025 in adverse territory, recording a ten.12% decline.
The index, which started the yr at 2,712.1 factors, fell to 2,437.5 factors by the top of June, dropping 274.6 factors and ending within the purple for 5 out of six months.
Whereas Eterna surged 76.95% and TotalEnergies posted a modest 1.00% achieve, the sector’s general efficiency was dragged down by losses in key gamers like Seplat, Aradel, and Oando.
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