In the week ending June 13 2025, the Nigerian Exchange Group (NGX) reported that the All-Share Index (ASI) appreciated by 0.7%, closing at 115,429.54 points, while Market Capitalisation rose to N73 trillion. All other NGX sectoral indices recorded gains, except for a few that witnessed marginal declines.
The NGX Insurance Index fell by 0.1%, the NGX AFR Dividend Yield Index declined by 0.6%, and the NGX MERI Value Index dropped by 0.8%, while the NGX Oil & Gas, and NGX Commodity Indices depreciated by 1.2% and 1.4%, respectively. However, the NGX ASeM and the NGX Banking Indices closed flat during the week.
The gains recorded in the All-Share Index and overall market capitalisation reflect cautious optimism among investors, buoyed by expectations of further macroeconomic stability and corporate earnings releases.
However, declines in the Oil & Gas and Insurance sectors reflect the declining crude oil prices and ongoing structural challenges, including cost pressures and sector-specific regulatory uncertainties.
Given recent policy reforms in monetary tightening and ongoing foreign exchange adjustments, investor participation remains sensitive to economic signals. Sectoral underperformance reinforces the need for deeper capital market reforms, particularly in enhancing investor confidence, reducing volatility, and improving regulatory efficiency.
Sustained performance will depend on the broader macroeconomic climate, including inflation dynamics, fiscal performance, and foreign capital inflows.
(Nigeria Economic Update)
