The Nigerian equities market posted its strongest monthly gain in over a year, advancing +16.57% MoM to close at 139,863.52 points, while market capitalisation rose by N12.5 trillion to N88.4 trillion. Gains in heavyweights— MTNN (+32.03%), BUACEMENT (+41.51%), DANGCEM (+20.07%), and WAPCO (+70.87%) led the market rally, as investors reacted to positive H1’25 earnings.
Specifically, MTNN delivered a remarkable rebound, posting a PAT of N414.86 billion in H1’25, versus a N519.06 billion loss in H1’24, buoyed by higher tariff adjustments in Q2’25. Cement majors reported strong earnings, supported by improved pricing, enhanced cost efficiency, and a more stable FX environment.
