The Nigerian Exchange (NGX) closed the week ended August 8, 2025, on a positive note with the All-Share Index (ASI) rising by 3.18% to close at 145,754.91 points while market capitalisation advanced to ₦92.215 trillion.
A total turnover of 8.736 billion shares valued at ₦134.577 billion in 180,290 deals was recorded, compared to the 4.847 billion shares worth ₦149.755 billion traded in 174,267 deals the previous week.
The Financial Services Industry dominated activity with 7.483 billion shares valued at ₦70.980 billion exchanged in 77,227 deals, contributing 85.65% and 52.74% to total equity turnover volume and value, respectively.
The Agriculture Industry followed with 201.906 million shares worth ₦7.863 billion, while the Services Industry accounted for 191.921 million shares worth ₦2.484 billion.
Linkage Assurance Plc, Consolidated Hallmark Holdings Plc, and Universal Insurance Plc led trading by volume, accounting for 3.195 billion shares worth ₦6.594 billion, representing 36.57% and 4.90% of the total equity turnover volume and value, respectively.
Sector Performance
Most major indices closed higher with notable advances in the Insurance Index (+41.00%) and the Industrial Goods Index (+8.73%). The Consumer Goods Index also posted a strong gain of 8.27%.
The insurance sector’s performance was driven by broad-based rallies in multiple small-cap stocks with 8 of the week’s top 10 gainers coming from the sector. Mutual Benefits Assurance (+60.44%), AIICO Insurance (+59.82%), and Royal Exchange (+59.33%) led the surge.
This momentum was supported by improved investor sentiment towards the sector, attractive low price points, and speculative positioning ahead of potential Q2 2025 results and regulatory updates from NAICOM.
The industrial goods sector rally was led by large-cap cement stocks, notably BUA Cement and Dangote Cement, benefiting from strong half-year earnings and renewed institutional interest.
Gains in the consumer goods segment, particularly from BUA Foods, further reinforced market confidence in related industrial players.
Top Price Gainers
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Mutual Benefits Assurance Plc – ₦1.82 → ₦2.92 (+60.44%)
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AIICO Insurance Plc – ₦2.19 → ₦3.50 (+59.82%)
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Royal Exchange Plc – ₦1.50 → ₦2.39 (+59.33%)
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Sovereign Trust Insurance Plc – ₦1.71 → ₦2.72 (+59.06%)
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Cornerstone Insurance Plc – ₦4.15 → ₦6.41 (+54.46%)
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Universal Insurance Plc – ₦0.72 → ₦1.10 (+52.78%)
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Regency Assurance Plc – ₦0.84 → ₦1.27 (+51.19%)
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Veritas Kapital Assurance Plc – ₦1.39 → ₦2.10 (+51.08%)
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Coronation Insurance Plc – ₦2.30 → ₦3.37 (+46.52%)
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International Energy Insurance Plc – ₦2.13 → ₦3.12 (+46.48%)
Top Price Losers
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LivingTrust Mortgage Bank Plc – ₦6.59 → ₦5.00 (-24.13%)
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Academy Press Plc – ₦11.00 → ₦9.00 (-18.18%)
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The Initiates Plc – ₦13.75 → ₦12.00 (-12.73%)
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UPDC Real Estate Investment Trust – ₦9.35 → ₦8.25 (-11.76%)
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Legend Internet Plc – ₦6.40 → ₦5.65 (-11.72%)
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Dangote Sugar Refinery Plc – ₦66.15 → ₦59.50 (-10.05%)
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Transcorp Power Plc – ₦320.00 → ₦288.00 (-10.00%)
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UH Real Estate Investment Trust – ₦64.00 → ₦57.60 (-10.00%)
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Austin Laz & Company Plc – ₦2.34 → ₦2.11 (-9.83%)
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PZ Cussons Nigeria Plc – ₦43.00 → ₦38.80 (-9.77%)
The week’s performance reflects strong sectoral rotation into insurance and industrial goods, while select banking and real estate investment trust stocks saw declines.
Market sentiment remains optimistic heading into the second half of the month, with investors watching corporate earnings releases for further direction.