“Bullish Momentum: Nigerian Stock Market Smashes Records with N2.8 Trillion Weekly Surge”

 

The Nigerian stock market continued its impressive upward trajectory, delivering strong gains and fueling renewed investor confidence.

Market Highlights as of August 11, 2025

NGX All-Share Index up 3.18% for the week, closing at 145,754.91 points and marking the 11th consecutive week of gains. 

Market capitalization soared to approximately ₦92.2 trillion (~US$57.6 billion), reinforcing the market’s robust recovery. 

Weekly investor gains estimated at ₦2.8 trillion as four out of five trading sessions ended positively. 

Sector Spotlight: Insurance’s Stellar Rally

The insurance sector outperformed, with the Insurance Index delivering a staggering 41% gain in just one week. This surge was driven by remarkable price appreciation across multiple insurers, including Mutual Benefits Assurance, AIICO Insurance, Royal Exchange, Sovereign Trust Insurance (SOVRENINS), and Cornerstone Insurance. 

On a year-to-date basis, the NGX Insurance Index is up 74.18%, making it the second-best performing sector after Consumer Goods, which boasts an 86.11% gain. 

Corporate Spotlight: BUA Foods Takes the Crown

BUA Foods Plc made headlines as its market capitalization rose to ₦10.3 trillion, elevating it to the most valuable stock on the NGX—surpassing MTN Nigeria and Dangote Cement. 

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Outlook & Forward View

The Nigerian stock market remains on a remarkable winning streak, propelled by surging sectors like insurance and stellar stock performances. The record-breaking market capitalization and substantial weekly gains reinforce a narrative of renewed optimism among investors.

As the market looks ahead, attention will be on whether this momentum can be sustained, especially amid macroeconomic he

adwinds and regulatory shifts.