FUGAZ stocks decline as the NGX Banking Index falls 0.69%, Investors gained ₦400bn

The Nigerian Exchange (NGX) All-Share Index surged by 0.53% on Monday, July 28th, 2025, closing at 135,166.51 points. Market capitalization rose by ₦400.12 billion to ₦85.455 trillion, reflecting a strong bullish sentiment in Nigerian equities.

Year-to-date, the NGX has gained 31.32%, with market cap growth hitting 36.15%, reinforcing Nigeria’s status as a frontier market to watch.

The rally can be credited to stabilizing macroeconomic indicators and sustained demand for blue-chip stocks.

It reflects renewed confidence in Nigerian equities, as President Tinubu’s economic reforms continue to stabilize market conditions.

A total of 795 million shares worth ₦23.23 billion exchanged hands in 37,626 deals on Monday, compared to Friday’s volume of 713 million shares valued at ₦24.23 billion in 24,880 deals. A rise in volume but a slight dip from Friday’s value.

Fidelity Bank topped the value charts, at ₦2.58 billion after trading over 123 million shares at an average price of ₦21.01. Other heavyweights included Zenith Bank (₦2.25 billion), MTN Nigeria (₦ 1.67 billion), Okomu Oil (₦1.61 billion), and Dangote Cement (₦1.49 billion), contributing to today’s liquidity in the equities market.

Market breadth closed positive with 45 stocks gaining in share price today compared to 25 that declined. This is similar to the last trading session, which saw 48 gainers and just 22 decliners.

TOP GAINERS	% Change	Current Price (N)
ACADEMY PRESS	9.99%	10.24
CHAMPION BREWERIES	9.98%	13.55
TRIPPLE GEE	9.97%	3.86
MAY & BAKER	9.94%	18.80
UACN	9.92%	60.40

 

TOP LOSERS	% Change	Current Price (N)
LIVESTOCK FEEDS	10.00%	8.10
THE INITIATES	9.98%	14.52
ELLAH LAKES	9.08%	8.91
NIGERIAN EXCHANGE GROUP	6.02%	75.00
THOMAS WYATT	5.54%	2.90

 

SWOOTs

Among the SWOOTs (Stocks Worth Over One Trillion Naira), International Breweries rose 6.58%, while MTN Nigeria gained 2.64%. Lafarge WAPCO rose 3.16%, Dangote Cement inched up 0.03%, and Nigerian Breweries advanced 0.07%. Aradel Holdings, BUA Foods, BUA Cement, Geregu, and Transcorp Power remained unchanged. While Fidelity Bank fell 0.94%, despite huge demand.

The SWOOT group overall remained unchanged in today’s market, whilst a few had modest gains and losses.

FUGAZ tier-1 banking group

Banking stocks were broadly negative. FBN Holdings shed 3.18%, Zenith Bank fell 1.76%, Access Holdings dropped 1.44%, and UBA declined 0.74%. GTCO was the sole gainer with a marginal 0.11% rise. Consequently, the NGX Banking Index fell 0.69%.

Investor appetite remains strong, especially for value and growth stocks, with momentum driven by reforms and macro stability.

The NGX could sustain its upward trajectory into Q3 2025, maintaining its lead among Africa’s top-performing equity markets.

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