Weekly Market Wrap: Insurance coverage, Shopper items sectors shine as All-Share Index beneficial properties 0.83%
The Nigerian inventory market wrapped up the buying and selling week ended 4th July 2025 on a bullish be aware, with the All-Share Index gaining 993.90 factors to shut at 120,989.66.
This represents a 0.83% acquire from final week’s shut of 119,995.76, pushed largely by sturdy performances within the insurance coverage and shopper items sectors, because the index edges nearer to the 121,000 degree.
Weekly market exercise picked up momentum, with buying and selling quantity rising to 4.8 billion shares, up from 3.7 billion shares within the earlier week.
Market capitalization additionally expanded, rising to N76.3 trillion from N75.9 trillion.
- When it comes to market breadth, 78 equities appreciated in worth, similar because the 78 recorded the earlier week.
- On the flip facet, 20 equities declined in worth, fewer than the 27 within the prior week.
- 49 stocks remained unchanged.
Market overview
The Nigerian inventory market opened the week on a cautious be aware, with the All-Share Index dipping into detrimental territory on Monday and lengthening losses on Tuesday to shut at 119,741.23.
Nonetheless, sentiment turned midweek.
- A rebound on Wednesday pushed the index again above the 120,000 mark, and by Thursday, it surged previous 120,900.
Whereas Friday’s motion was comparatively muted, the week nonetheless closed on a solidly constructive be aware.
Key highlights:
- The NGX Premium Index fell by 0.77%, weighed down by a 3.41% drop in DANGOTE CEMENT and a 2.67% decline in FBN HOLDINGS.
- In distinction, the NGX 30 Index superior by 0.40%, signaling broad-based resilience throughout large-cap stocks.
- The NGX Principal Board Index additionally contributed to the bullish sentiment, rising by 1.63% for the week.
Sectoral efficiency:
- The NGX Insurance coverage Index led sectoral gainers with a 5.86% weekly return, fueled by sturdy rallies in INTERNATIONAL ENERGY INSURANCE PLC and MUTUAL BENEFITS ASSURANCE PLC — each surging over 33%.
- The NGX Shopper Items Index adopted with a 4.08% acquire, supported by standout performances from CHAMPION BREWERIES (+32%), MCNICHOLS (+28%), HONEYWELL FLOUR (+21%), CADBURY (+18%), INTERNATIONAL BREWERIES (+10%), and UNILEVER (+10%).
- The NGX Oil & Gasoline Index rose by 0.77%, whereas the NGX Banking Index edged up 0.12%.
On the draw back, the NGX Industrial Items Index declined by 2.11%, making it the one sector to shut within the purple for the week.
Prime gainers
Main the pack amongst gainers was MEYER Plc, which soared 60.11% week-to-date, marking a standout efficiency. RT BRISCOE adopted with a 50.83% acquire.
Different main gainers included:
- FTN Cocoa Processors Plc: up 40.24% to N4.67
- Worldwide Power Insurance coverage Plc: up 35.43% to N2.37
- UPDC Plc: up 34.66% to N4.74
- Mutual Advantages Assurance Plc: up 33.33% to N1.40
- Neimeth Worldwide Prescribed drugs Plc: up 33.00% to N7.90
- Caverton Offshore Assist Group Plc: up 32.18% to N6.90
- Champion Breweries Plc: up 32.00% to N13.20
- Omatek Ventures Plc: up 28.17% to N0.91
Prime losers
PZ CUSSONS NIGERIA PLC led the laggards, down 14.96% week-to-date, whereas JULIUS BERGER NIGERIA PLC adopted, down 9.97%.
Different notable decliners included:
- SCOA Nigeria Plc: down 9.83% to N4.86
- VFD Group Plc: down 5.41% to N14.00
- Haldane McCall Plc: down 4.76% to N4.00
- Stanbic IBTC Holdings Plc: down 3.45% to N84.00
- Multiverse Mining & Exploration Plc: down 3.43% to N8.45
- Dangote Cement Plc: down 3.41% to N425.00
- Linkage Assurance Plc: down 3.23% to N1.50
- Jaiz {Bank} Plc: down 3.08% to N3.15
Company actions overview
The week noticed a flurry of company updates and bulletins:
- Jaiz {Bank} revealed its audited full-year 2024 {financial} outcomes.
- C&I Leasing launched its Q1 2025 financials.
- GTCO confirmed plans to record extraordinary shares on the London Inventory Alternate and delist its GDRs.
- MRS Oil introduced the appointment of latest board members.
- Ellah Lakes named a brand new Chief {Financial} Officer.
Market outlook
The Nigerian equities market ended the week on a robust footing, with the All-Share Index inching nearer to the 121,000 milestone.
If present momentum in large- and mid-cap names continues, the market is prone to keep its upward trajectory within the classes forward.
