The Nigerian stock market extended its bullish run in July 2025, with a strong performance across blue-chip and mid-cap counters.
Nestle Nigeria Plc emerged as the top gainer by value, while agro-industrial and industrial goods stocks dominated the top 10 list, reflecting broad-based investor optimism across key sectors.
Nestle topped the chart with a N440 share price increase, while Presco and Okomu Oil Palm followed with gains of N275 and N260, respectively.
Cement heavyweights like Dangote Cement, BUA Cement, and Lafarge Africa also featured prominently, underscoring the renewed appetite for infrastructure-linked equities.
Meanwhile, small- to mid-cap stocks dominated the leaderboard by percentage change, with Academy Press Plc soaring 120.78%, followed by Associated Bus Company (99.59%), and UACN Plc (96.33%), reflecting growing speculative interest and optimism around operational turnaround stories.
The surge in these stock prices reflects broader market optimism, driven by corporate performance, macroeconomic stability, and improving investor sentiment across key sectors.
- Open: N1,450 | Close: N1,890 | Value Gain: N440 | % Change: +30.34%
Nestle’s share price jumped by N440, from N1,450 to N1,890, marking a 30.34% gain in July. As one of the leading fast-moving consumer goods (FMCG) sector in Nigeria, its performance reflects investor confidence in defensive stocks with strong pricing power and stable demand, especially amid persistent inflationary pressures.
Nestle delivered a strong rebound from recent quarters marked by margin pressure due to FX and input costs. The July surge signals a market re-rating, as investors respond to its improved H1 guidance, cost discipline, and resilient demand for staple products. It outperformed the ASI performance for the month.
