Stock Market Gains N1.76trn to Cross N78trn in Market Capitalisation

Kayode Tokede

The Nigerian stock market yesterday extended its bullish run to the seventh consecutive trading session, gaining N1.76 trillion to cross the N78 trillion by market capitalisation.

The N1.76 trillion gain in one-day is on the backdrop of price uptick in Guaranty Trust Holding Company (GTCO) Plc that listed 2.29 billion ordinary shares of 50 kobo each.

Amid the listing, the stock price of GTCO gained 2.84 per cent or N2.50 per share to close yesterday at N90.50 per share, bringing its market value to  N3.3 trillion as of July 10, 2025.

The market capitalisation of the Nigerian Exchange Limited  (NGX) that opened for trading at N76.970 trillion gained 2.28 per cent or N1.76 trillion to close at N78.726 trillion.

The NGX All-Share Index gained by 2,457.13 basis  points, or 2.01 per cent to close at 124,446.80 basis points with the  Month-to-Date and Year-to-Date returns improving to +3.7per cent and +20.9per cent, respectively.

On market outlook, Afrinvest Limited said, “on the back of unmet bids at the last primary market auction vis-à-vis broad-based moderation in yields across offers, we anticipate the bourse to stay bullish in tomorrow’s trading session, as traders rotate into equities.”

On sectors, performance was broadly positive, as the NGX Insurance index appreciated by four per cent, NGX  Banking Index gained 3.9per cent, NGX Consumer Goods Index added 1.2per cent, and NGX Industrial Goods advanced by  0.3per cent, while the NGX Oil & Gas index remained unchanged.

Market breadth remained strongly positive, with 70 stocks advancing against just 10 decliners, signaling widespread bullish sentiment across sectors.

FTN Cocoa Processors, UPDC, United Bank for Africa (UBA), Consolidated Hallmark Holdings, Haldane McCall and Caverton Offshore Support Group recorded the highest price gain of 10 per cent each to close at N6.82, N4.62, N39.60, N3.30, N4.73 and N8.36 respectively, per share.

Red Star Express followed with a gain of 9.99 per cent to close at N12.22, while ABC Transports up by 9.97 per cent to close at N4.30, per share.

On the other hand, Neimeth International Pharmaceuticals led the losers’ chart by 9.91 per cent to close at N9.00, per share. Legend Internet followed with a decline of 9.88 per cent to close at N7.21, while Industrial & Medical Gases Nigeria declined by 7.36 per cent to close at N34.00, per share.

Cadbury Nigeria depreciated by 6.22 per cent to close at N55.00, while Livestock Feeds declined by 5.67 per cent to close at N9.15, per share.

Also, the total volume traded rose by 44.1 per cent to 1.280 billion units, valued at N27.727 billion, and exchanged in 27,875 deals. Transactions in the shares of Access Holdings topped the activity chart with 174.220 million shares valued at N3.985 billion. AIICO Insurance followed with 81.960 million shares worth N165.014 million, while Japaul Gold & Ventures traded 74.017 million shares valued at N245.203 million.

UBA traded 64.506 million shares valued at N2.520 billion, while FCMB Group sold 63.303 million shares worth N585.747 million.