Nigerian stock market adds N13.19 trillion in first half of 2025
The Nigerian capital market has shown resilience in the first half of the year, recording a year-to-date return of 16.57 percent.
The Nigerian Exchange (NGX) All Share index surged by 17052.12 basis points to 119978.52 points on June 30, 2025 from 102,926.40 points it opened for the year.
The market capitalisation rose to N75.952 trillion at the end of june this year, representing an increase of N13.19 trillion or 21.01 per cent from N62.763 trillion it closed in December 31, 2024
Available data from NGX showed that in the first quarter of the year, the market recorded positive performance, rising by N3.494 trillion or 5.57 per cent to close at N66.257 trillion while index up by 2,734.24 points or 2.66per cent to close at N105660.64 points.
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The trading result showed that between April and June the NGX index gained 14317.93 basis points or 13.55 per cent while market capitalization within the same period rose by N9.694 trillion or 14.63 per cent to close at N75.951 trillion.
The growth trend in the market according to operators was driven by the CBN-led banking sector recapitalisation which sparked heightened investor interest in banking stocks, leading to a 6.96 per cent increase in first quarter (Q1) 2025.
During this period, banks collectively raised approximately N2.4 trillion in fresh capital, reinforcing market confidence and driving sectoral growth. This has driven a rally in the sector and contributed to the broader market uptrend, as most banks are currently in the second phase of their recapitalisation plans
Capital market analysts also attributed the upbeat at the stock market to the increasing attractiveness of the Nigerian market to foreign investors, ongoing economic reforms, resilient earnings by Nigerian companies, exchange rate differential and the ongoing federal government reforms and other reforms in the oil sector.
