The Nigerian inventory market wrapped up the primary half of 2025 on a robust word, with the All-Share Index gaining 16.57% year-to-date.
This marks the sixth consecutive constructive first-half efficiency since 2020, reaffirming investor confidence and market momentum.
The heavyweight index rose from a gap stage 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 Could and June recording the best surge.
Behind this rally have been spectacular performances from mid- and large-cap shares throughout main sectors, notably in shopper items, banking, and insurance coverage.
Right here’s a breakdown of how key sector indices carried out:
The standout performer of the half-year was the NGX Shopper Items Index, which soared by 52.21%, making it the top-gaining sector available in the market.
Shopper Items Index opened the yr at 1,731.7 factors and closed June at 2,635.9, gaining 904.2 factors.
Aside from March, the index posted positive aspects each month, with bullish momentum intensifying within the second quarter from April to June.
Prime drivers included:
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 tip of June, supported by a sturdy buying and selling quantity of 24.6 billion shares.
Whereas no banking inventory soared over 100%, notable positive aspects have been seen in:
The NGX Insurance coverage Index recorded a modest however constructive 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 tip of June, with June rising because the sector’s most worthwhile month.
Main the sector’s advance have been:
Every of those shares delivered robust returns, serving to to drive the sector’s general efficiency.
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 tip 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 pink, barely knocking down the sector’s general momentum.
Prime gainers within the sector included:
Regardless of these positive aspects, an 8% decline in Dangote Cement, the sector heavyweight, considerably decreased general efficiency.
Oil and Gasoline was the one main sector to shut the primary half of 2025 in unfavourable 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 tip of June, dropping 274.6 factors and ending within the pink 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.
