The Nigerian Exchange Limited (NGX) kicked off the second half of 2025 on a cautious note, shedding ₦150 billion in market value as investors dialed back risk appetite after a strong rally in June. The dip highlights renewed profit-taking and uncertainty in the market — a signal for SMEs and retail investors to stay alert.
By the close of trading on Tuesday, July 1, the market capitalisation fell from ₦75.95 trillion to ₦75.8 trillion. The All-Share Index also dipped by 0.2%, settling at 119,741.23 points.
Trading activity saw a major pullback, with volume and value of traded shares plummeting by over 60% and 70% respectively, reflecting lower investor participation. However, 47 stocks still posted gains, offering pockets of opportunities — including Honeywell Flour Mill, RT Briscoe, and Mutual Benefits Assurance, all rising 10%.
Despite some sector-specific gains — with the Consumer Goods Index up 31.6% and Banking Index rising 17.99% — the market's overall tone suggests investors are adopting a wait-and-see approach amid macroeconomic shifts.
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For SMEs and entrepreneurs, this signals two key points:
- Capital markets may be harder to access in the short term as investor sentiment cools.
- Opportunities still exist in resilient sectors like consumer goods and insurance, which continue to attract attention.
Nigerian Breweries topped the value chart with ₦1.74 billion in trades, while Ellah Lakes and UPDC led in volume — data that may guide small investors and fund managers focused on liquid assets.
Although June closed with a strong ₦5.32 trillion gain for the market, July's slow start is a reminder that market volatility and cautious investing are back in play.
Bottom Line for SMEs:
Track market movements closely — especially if you're seeking funding, listed, or partnering with listed companies. Use this period to reassess strategies, manage risks, and explore stable sectors for investment or collaboration.
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