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    Wednesday, May 20
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    NGX Index Rises Sharply on Earnings-Fueled Intraday Rally

    Julius AlagbeBy Updated:No Comments2 Mins Read
    NGX Index Rises Sharply on Earnings-Fueled Intraday Rally

    NGX Index Rises Sharply on Earnings-Fueled Intraday Rally

    The Nigerian Exchange (NGX) All Share Index (ASI) has seen significant gain during an intraday rally on Wednesday, with second quarter of 2025 earnings releases fueling bargain hunting.

    Trading catalysts are increasing from fear of missing out on the monster rally in the equity market plus the strong earnings performance release by Nigerian listed companies. The fact that some companies are recovering from earnings downturns makes their current results quite impressive with huge interim dividend declarations.

    The market is still waiting for some banking names to start pushing out the financial scorecard, and stockbrokers anticipate different patterns of interim dividends from financial services operators.

    At midday, the NGX All-Share Index rose by 0.87%, Alpha Morgan Limited told investors in an emailed note, indicating positive market sentiment. Stockbrokers reported that upward movement was fueled by renewed investor interest in some mid- to high-capitalized stocks.

    Top intraday gainers in the market include PZ (9.89%), NASCON (8.70%), WAPCO (8.34%), DANGSUGAR (8.19%), FIDELITYBK (4.88%), and MTNN (4.32%).

    Others include GTCO (4.03%), STERLINGNG (2.99%), NB (2.50%), FCMB (1.46%), CADBURY (1.34%), ACCESSCORP (1.10%), WEMABANK (0.26%), and ARADEL (0.23%), among others. #NGX Index Rises Sharply on Earnings-Fueled Intraday Rally Lafarge Africa Q2 2025: A Resilient Growth Story Backed by Sound Fundamentals

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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