NGX records longest bullish streak since January 2024
On July 14, the NGX recorded its longest bullish streak since January 2024, with the market closing in the green every day since July 1, 2025. In January 2024, the market recorded a positive close every day between January 10 and 29.
At the close of market on July 14, the market hit a new record high as the All-Share Index closed at 126,689.54 points. The market capitalisation also crossed the N80 trillion mark for the first time ever, closing at N80.143 trillion.
The gains recorded in the market translated to a N4.19 trillion capital appreciation for investors in July, as market capitalisation closed June at N75.951 trillion.
On July 14, activities also surged as the market recorded a trading value of N32.205 billion as well as a trading volume of 1.287 billion shares. The previous trading day saw trading volume and value hit 1.389 billion shares and N30.551 billion respectively.
During the day, the bullish rally was led by some of the blue-chip stocks such as Dangote Cement which advanced 1.18 percent to hit a N430 share price. About N1.18 billion worth of Dangote Cement were traded during the day. UBA also recorded a 5.63 percent rally, closing at a record share price of N46 per share. The stock recorded a trading value and volume of N3.05 billion and 68.791 million shares respectively.
Lower cap stocks such as Secure Electronic, Abbey Mortgage Bank, Ikeja Hotel, McNichols, and Tripple Gee were the top advancers of the day. They recorded 10 percent, 9.99 percent, 9.95 percent, 9.92 percent, and 9.78 percentage gains during the day.
In 2025, lower and mid-cap stocks have driven the bullish sentiments in the NGX, with stocks such as Champion Breweries posting 258 percent year-to-date gains. Ellah Lakes, Meyer, and Neimeth are also examples of stocks that have also enjoyed the snowball effect of increased investor attention to the equities market this year. They have recorded year-to-date gains of 260 percent, 177 percent, and 270 percent respectively.
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