The Nigerian Exchange (NGX) posted its largest single-day gain in 2025 on July 10, 2025, as investor sentiment surged. The All-Share Index (ASI) rose by 2,457.13 points, equivalent to a 2.01 percent increase, closing at a record high of 124,446.80 points.
This milestone extends the NGX’s rally into the second half of the year, following a 16.6 percent gain in H1 2025. As of July 10, the market has returned a cumulative year-to-date gain of 20.91 percent.
Driving the market rally was a full bid on United Bank for Africa (UBA), which appreciated by 10 percent to close at N39.60 per share. The bullish sentiment also swept across several lower and mid-cap stocks, including Caverton, FTN Cocoa, Haldane McCall, UPDC, and Consolidated Hallmark, each of which also posted 10 percent gains.