…Seven-month deal doubles 2024 record
In just seven months of 2025, equities transaction at the Nigerian Exchange Limited (NGX) reached N6 trillion – the highest since 2007 and double the N3 trillion recorded in the whole of 2024.
A breakdown of the seven-month period shows that foreign investors accounted for N1.281 trillion, representing 21.33 percent of total transactions, while domestic investors contributed N4.726 trillion or 78.67 percent.
Foreign inflows into Nigeria’s stocks in the seven-month period totalled N609.73billion against outflows of N671.56 billion.
On the domestic side, retail investors traded equities worth N1.988 billion while domestic institutional investors reported N2.738 billion.
Read also: NGX-ASI down by 1.46% as Dangote Cement, other stocks moderate rally
Monthly performance
Investors traded N1.815 trillion worth of stocks in July, the highest monthly transaction within the period.
The significant increase in the total value of domestic transactions in July 2025 was due to block trades, NGX said in its Domestic & Foreign Portfolio Investment Report for July 2025.
The record high value of trade seen in July is compared to N778.65 billion stocks traded in June. In June, foreign investors exchanged stocks worth N1.393 billion or 17.89 percent, while local investors traded equities valued at N639.34 billion or 82.11 percent.
In May, investors traded stocks valued at N700.50 billion on the NGX. Foreign investors exchanged equities estimated at N1.1891 billion, representing 16.98 percent of the total, while local investors traded stocks worth N581.59 billion or 83.02 percent.
In April, the total value of stocks traded on the NGX was valued at N482.04billion. Foreign portfolio investors accounted for N630.7 million or 13.08 percent, while domestic investors exchanged N418.97 billion (or 86.92 percent) worth of equities.
In March 2025, the total value of equities traded by investors stood at N1.115 billion. Foreign investors accounted for N699.89 billion or 62.74 percent of the total, while domestic investors traded N415.62 billion worth of stocks, representing 37.26 percent of the total.
In February, the total value of stocks traded stood at N509.47billion. While foreign investors were responsible for N426.5 million or 8.37 percent of the February trade value, domestic investors accounted for N466.82 billion or 91.63 percent of the total in the same month.
In January 2025, N607.05 billion worth of stocks were traded on the NGX. Foreign portfolio investors accounted for N715.1 million or 11.78 percent, while domestic investors exchanged N535.54 billion equities, representing 88.22 percent of the total equities traded within the month.
Recent rally
Insurance stocks recently rallied remarkably on the NGX on the back of the recently signed Nigerian Insurance Industry Reform Act (NIIRA) 2025.
As of August 11, the NGX Insurance Index had jumped year-to-date by 91.41 percent, outpacing the NGX All Share Index (ASI) which had at that time risen by 40.80 percent year-to-date.
Read also: Insurance, industrial stocks push NGX-ASI higher by 0.12%
Though the pace has moderated, insurance stocks remain attractive, analysts say.
“The recent signing of the Nigerian Insurance Industry Reform Act 2025 by the President has sparked renewed investor interest in insurance stocks, driven by expectations of sector-wide recapitalisation and regulatory-induced growth opportunities,” CardinalStone Research said in their August 11 Model Equity Portfolio (MEP).
United Capital research analysts recently tilted their bets on financial services stocks, saying: “We expect investor positioning to remain tilted toward fundamentally strong financial services stocks, particularly banks and insurers, given their resilient earnings profiles and attractive valuations.”
