July 16, 2025 — The Nigerian All-Share Index (ASI) shattered the 128,000 barrier on Tuesday, July 15, 2025, climbing 614.23 factors to shut at 128,147.89, a 0.48% achieve from Monday’s 127,533.66. The surge was propelled by sturdy performances from the FUGAZ banking group—First Financial institution (FBNH), UBA, GTCO, Entry Holdings (ACCESSCORP), and Zenith Financial institution— all of which closed within the inexperienced, reinforcing their dominance within the Nigerian Change (NGX).
Market capitalization rose to N80.7 trillion from N80.3 trillion, reflecting strong investor sentiment. Buying and selling quantity soared to 1.12 billion shares throughout 19,876 offers, up 36% from the 824 million shares traded the earlier session. FIRSTHOLDCO led the quantity chart with a powerful 284.6 million shares traded, adopted by ACCESSCORP at 112.3 million and ZENITHBANK at 89.7 million. By way of worth, ACCESSCORP topped the market with trades value N8.4 billion, whereas GTCO and ZENITHBANK recorded N3.9 billion and N2.8 billion, respectively.
The FUGAZ group noticed notable beneficial properties: FBNH rose 4.12% to N48.15, GTCO climbed 3.87% to N56.30, ZENITHBANK gained 3.45% to N51.95, ACCESSCORP elevated 2.76% to N27.90, and UBA edged up 1.98% to N36.05. These beneficial properties align with current developments, because the FUGAZ banks, which account for over 70% of the NGX Banking Index, have constantly pushed market momentum. Different standout performers included VERITASKAP and SOVRENINS, every hitting the utmost day by day achieve of 10%. On the losers’ facet, INTENEGINS and CWG shed 9.88% and 9.67%, respectively.
The ASI’s breakthrough above 128,000 marks a brand new excessive for 2025, constructing on its climb previous 121,000 earlier this month. Analysts attribute the rally to sturdy Q2 2025 earnings from tier-1 banks and renewed investor confidence in Nigeria’s monetary sector. “FUGAZ shares are driving a wave of optimistic sentiment, with FIRSTHOLDCO’s quantity surge signaling strong retail and institutional curiosity,” mentioned Okoye Izuchukwu, a monetary analyst at Nairametrics.
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