The Nigerian Exchange Limited (NGX) closed the week on a positive note on Friday, October 24, 2025, as trading activity surged across key indices, signaling sustained investor confidence and renewed momentum in the equities market.
At the close of trading, investors exchanged a total of 1.21 billion shares worth ₦31.48 billion in 29,960 deals, representing a 31% increase in volume, a 17% improvement in turnover, though with a 2% decline in the number of deals, compared to Thursday’s session. The market capitalization of listed equities stood at ₦98.8 trillion, underscoring the market’s continued expansion and resilience.
Market data showed that 130 equities participated in trading during the session, with 34 gainers and 25 losers, reflecting a bullish market breadth. Aso Savings & Loans Plc led the gainers’ chart with a 10% rise, closing at ₦0.66 per share, while Ikeja Hotel Plc appreciated by 7.89%, Regency Alliance Insurance Plc by 7.44%, and Caverton Offshore Support Group Plc by 7.08%.
On the flip side, Union Dicon Salt Plc topped the losers’ chart after shedding 9.09% to close at ₦8.00 per share. Other notable decliners included Neimeth International Pharmaceuticals Plc (-6.67%), Cornerstone Insurance Plc (-5.61%), and Haldane McCall Plc (-4.84%).
In terms of market activity, Fidelity Bank Plc dominated trading by volume, accounting for 821 million shares, reflecting strong investor interest in the banking stock. It was followed by Sovereign Trust Insurance Plc with 45.5 million shares, Tantalizers Plc with 32.7 million shares, and Access Holdings Plc with 23.8 million shares.
Meanwhile, the NGX All-Share Index (ASI) advanced by 1,155.13 points, or 0.75%, to close at 155,645.03 points, extending its weekly gain to 4.48%, its four-week gain to 10.27%, and its year-to-date appreciation to an impressive 51.22%.
A sectoral review revealed broad-based gains across major indices. The NGX Top 30 Index rose by 0.75%, while the NGX Oil & Gas Index recorded the biggest leap of the day with a 2.96% surge, contributing to a 9.13% weekly gain. The NGX Industrial Index followed with a 1.18% rise, extending its 2025 year-to-date gain to 68.45%, while the NGX Insurance Index appreciated by 1.01% despite posting a 1.1% weekly decline.
The NGX Consumer Goods Index climbed by 0.95%, closing the week with a 3.94% gain and maintaining its position as one of the best-performing sectors this year with a staggering 109.82% year-to-date growth. Similarly, the NGX Main Board Index advanced by 0.84%, buoyed by positive sentiment in mid-tier stocks.
Market analysts noted that the strong close reflects sustained investor optimism, particularly in blue-chip and consumer goods stocks, driven by improved corporate earnings and expectations of macroeconomic stability.
With year-to-date gains now above 50%, the NGX continues to outperform several African and emerging markets, setting the stage for a potentially bullish close to the final quarter of 2025.
