By Grateful Ogunjebe
OMATEK, Eunisell, and Nestle Nigeria topped the gainers’ chart on the Nigerian Exchange (NGX) on Tuesday, 16 July 2025, as select equities recorded notable rebounds and investor interest surged in key sectors.
According to data published by the Nigerian Exchange Group and monitored by financial correspondents, five companies posted substantial price appreciation, with four achieving the maximum daily gain of 10 per cent allowed by the market.
OMATEK, a computer hardware and tech firm, led the advance with a 10.00 per cent rise in share price, climbing to ₦1.76 from its previous close of ₦1.60—an increase of 16 kobo. The move signals renewed investor interest in the stock following a period of relatively flat performance.
Eunisell, an established player in oilfield chemicals and energy services, followed closely with a similar 10.00 per cent increase. The stock rose by ₦1.35, moving from ₦13.50 to ₦14.85, reflecting renewed demand within the energy sector.
Nestle Nigeria, a major force in the consumer goods space, also featured among the top performers with a 10.00 per cent gain. While specific price figures were not disclosed in the NGX summary, market sentiment suggests the increase was fuelled by strong institutional activity and growing confidence in blue-chip counters.
SLITECH, a smaller-cap equity, registered a full 10.00 per cent rise, moving from ₦1.10 to ₦1.21, up by 11 kobo. Analysts attribute the spike to speculative trading and optimism around sector-specific developments.
Tripple G rounded off the top five with a 9.92 per cent gain. The stock appreciated by 39 kobo, moving from ₦3.93 to ₦4.32.
The collective uptrend in these equities contributed to a broader sense of optimism across Tuesday’s trading session, buoyed by bargain hunting and expectations of favourable corporate earnings.
Market analysts suggest that the rally—particularly in low- and mid-cap stocks—could be sustained in the near term, provided no adverse macroeconomic developments occur.
Despite ongoing caution stemming from inflation concerns, monetary policy shifts, and wider economic headwinds, investor appetite for undervalued and fundamentally strong stocks appears to be creating renewed opportunities for active traders and portfolio managers.