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: N1,275 | Close: N1,550 | Value Gain: N275 | % Change: +21.57%
Presco rose by N275, closing at N1,550 from N1,275, with a 21.57% gain.
Presco continues to benefit from high crude palm oil prices and FX-linked export revenues. Operating in the palm oil and agro-industrial space, its upward momentum is supported by rising global oil prices and strong export earnings, making it attractive to investors seeking currency-hedged exposure. It outperformed the ASI performance for the month.
