The Nigerian Exchange (NGX) posted its largest single-day gain in history 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.

Overall, price movements were recorded in 80 stocks, with 70 gainers vastly outpacing 10 decliners, a strong indicator of market-wide optimism.

Trading activity was equally robust. A total of 1.279 billion shares changed hands in deals worth N27.726 billion. The day’s most actively traded stock was Access Holdings, with 174.22 million shares traded, valued at approximately N3.99 billion.

AIICO Insurance also recorded high volume, trading 81.96 million shares, which propelled its stock to a 9.95 percent gain. Other notable volume movers included JAPAULGOLD (74.02 million shares), UBA (64.51 million), and FCMB (63.30 million).

In terms of trading value, Nigerian Breweries followed Access Holdings closely with trades worth N3.86 billion. UBA shares worth N2.52 billion were also exchanged, while Zenith Bank and GTCO Holdings posted N2.01 billion an

The strong performance underscores growing investor confidence in Nigeria’s equities market, amid ongoing reforms and improved liquidity conditions.