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Nigerian Stock Market Soars on Strong Trades, Investor Optimism
The Business NG
|The BusinessNG
The Nigerian stock market surged in the week ending May 23, 2025, driven by investor optimism and increased appetite for risk assets. Abiodun JIMOH reports tbat NGX recorded a 17.29% increase in volume, with Financial Services, Services, and Consumer Goods sectors leading the rally, fueled by strong corporate earnings and government reforms.
The Nigerian stock market concluded the trading week eek ending May 23, 2025, on a distinctly bullish note, with investor optimism and increased appetite for risk assets driving a sharp surge in trading volumes and value.
Over the five-day period, the Nigerian Exchange Limited (NGX) recorded an impressive turnover of 3.93 billion shares worth N74.81 billion across 105,220 deals. This represented a remarkable 17.29 percent increase in volume compared to the previous week, when 2.6 billion shares valued at N63.78 billion were exchanged in 77,593 deals.
The uptick in market activity reflects an unmistakable resurgence in investor confidence, likely buoyed by a combination of improved corporate earnings, stronger-than-expected Q1 financial results from listed companies, and an uptick in broader macroeconomic indicators. Several analysts have linked the rally to increasing investor confidence in ongoing government reforms and fiscal consolidation strategies aimed at fostering growth and stability in Nigeria's financial markets.
*Sectoral Performance*
The Financial Services industry stood out prominently, dominating the trading charts and accounting for 61.16 percent of the total equity turnover volume and 43.14 percent of the overall market value traded during the week. Banking stocks, in particular, saw heightened activity, bolstered by capital raising initiatives, recapitalization plans, and general investor enthusiasm about the sector's potential to deliver strong returns in 2025.
The Services industry followed, contributing significantly to overall market movement. A total of 442.99 million shares valued at N4.2 billion were traded in 7,523 deals. This performance was largely driven by investor interest in logistics, transportation, and tech-aligned service providers. Companies in these sub-sectors have shown increased resilience and innovation, attracting fresh capital inflows.
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