August 5, 2025/InvestmentOne Report

The local bours surged by a whopping 16.75% month-on-month in July 2025, the best monthly performance since December 2024 and also a continuous momentum from its previous month s gains which saw NGXASI increase by 7.37%. The positive market performance was largely driven by price appreciation in MTNN (+4280.19pts), DANGCEM (+2,763.38pts), BUACEMENT (+2590.33pts), WAPCO (+1828.19pts) and ZENITHBANK (+1127.26pts) which overcame the declines in ETERNA (-7.31pts), SUNUASSUR (-6.83pts), LIVESTOCK (-4.96pts), INTBREW (-4.93pts) and NNFM (-4.96pts).

Looking towards the next month, we remain quite bullish on the equities market. We believe that the banking sectors anticipated H1:2025 financial results will drive continuous investors interest, alongside the continued progression of economic tailwinds such as FX stability and easing inflation. Although, we envisage cautious trading due to profit-taking activities on some stocks, but investor sentiment should remain broadly positive.

Kindly find HERE, our report, covering our analysis and considerations.