The Nigerian stock market extended its impressive rally on Thursday, July 10, 2025, as heavyweight stocks like UBA, MTN Nigeria, Nigerian Breweries, and Zenith Bank drove the All-Share Index (ASI) closer to the N80 trillion milestone.

At the close of trading, the ASI climbed by a robust 2.01%, rising from 121,996.4 to 124,446.8 points — marking the market’s seventh consecutive day of gains. This surge pushed market capitalization from N76.9 trillion to N78.7 trillion, putting it just shy of the historic N80 trillion mark.

Investor activity also picked up significantly, with trading volume jumping to 1.28 billion shares across 27,875 deals, compared to 888 million shares traded in the previous session. This reflects growing investor confidence and appetite for equities.

📈 Top gainers & laggards

UBA topped the list of major climbers, hitting the 10% daily ceiling to close at N39.60. Other top gainers included FTNCOCOA, CAVERTON, HMCALL, and UPDC, all notching the maximum 10% increase.
On the flip side, NEIMETH and LEGENDINT were the biggest losers of the day, shedding 9.91% and 9.88%, respectively.

🔥 Trading highlights

ACCESSCORP dominated trading volumes with 174.2 million shares exchanged, followed by AIICO with 81.9 million and JAPAULGOLD with 74 million. In terms of value, ACCESSCORP also led with N3.9 billion worth of trades, trailed by Nigerian Breweries at N3.8 billion and UBA at N2.5 billion.

🚀 SWOOTs & FUGAZ shine

Among the big-cap stocks worth over a trillion naira (SWOOTs), MTN Nigeria jumped 9.86%, Nigerian Breweries rose 7.52%, and Lafarge Africa edged up 1.02%.

The FUGAZ banking giants also had a stellar day: UBA soared 10%, Zenith Bank climbed 7.46%, ACCESSCORP gained 3.82%, GTCO rose 2.84%, and First Bank Holdings advanced by 1.04%.

💡 What’s next?

With the ASI now eyeing the 125,000 mark, analysts believe the market still has room to grow if investors don’t start seeing it as overbought. Continued optimism and robust activity could push the market beyond the N80 trillion cap sooner rather than later.

This ongoing rally underscores strong investor sentiment in Nigerian equities, fueled by both local buying and a positive outlook for major corporate earnings. As long as this momentum continues, more record highs could be on the horizon.