The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth consecutive session, closing at 140,716.1, a decline of 213.5 points or 0.15% from the previous day’s 140,929.6. Market activity slowed considerably, with trading volume dropping to 442.55 million shares from 759.05 million, reflecting weaker investor participation.
Despite the broad market decline, Dangote Sugar led the gainers, surging 10% to close at N59.40. Mecure followed closely with a 9.95% gain. On the flip side, DEAPCAP and Legend Internet led the losers’ list, dropping 9.42% and 9.26%, respectively, highlighting the market’s volatility amid cautious trading sentiment.
Market capitalization mirrored investor caution, slipping to N89.06 trillion from N89.19 trillion across 21,684 deals. Leading the trading volume were Zenith Bank with 68.9 million shares, AccessCorp at 47.3 million, and FirstHoldCo with 46.1 million shares. Fugaz stocks also drew significant attention, with UBA, Zenith Bank, GTCO, FirstHoldCo, and AccessCorp posting steady gains that bolstered overall market liquidity.
In terms of trading value, Zenith Bank dominated with N4.7 billion worth of shares exchanged, followed by MTN Nigeria with N2.1 billion and GTCO at N2.07 billion. Stocks worth over one trillion naira (SWOOTs) showed modest gains, including International Breweries and Lafarge, while mixed results across other sectors emphasized selective investor confidence.
Analysts suggest that despite the current downturn, large-cap stock activity could reignite the market. If participation improves, the ASI could attempt to reclaim the 141,000 level. Meanwhile, the strong performance of Dangote Sugar and select Fugaz stocks provides optimism for investors seeking opportunities amid market consolidation.
source: nairametrics