The Nigerian Exchange Limited (NGX) extended its winning streak for the week ending October 17, 2025, as investor optimism pushed the market to new highs. The All-Share Index rose by 1.35% to close at 148,977.64 points, up from 146,988.04 points in the previous week. Similarly, market capitalization climbed by 1.36% to ₦94.56 trillion, reflecting renewed confidence in the local bourse amid improving macroeconomic fundamentals and easing inflationary pressures.
Analysts from Cowry Asset Management attributed the bullish run to a notable decline in inflation to 18.02% in September, down from 20.12% in August, signaling a possible turnaround in Nigeria’s economic outlook. They noted that the positive sentiment could push the All-Share Index toward the 150,000-point resistance level, with a potential breakout if upcoming Q3 corporate earnings outperform expectations. However, they also cautioned that short-term profit-taking could surface as traders seek to lock in recent gains.
Investor activity remained robust throughout the week, with 2.42 billion shares worth ₦76.62 billion exchanged across 126,591 deals — a higher trading volume but lower value compared to the prior week’s ₦90.28 billion. The Financial Services Industry led the market, accounting for 68.65% of total trading volume, followed by ICT and Services sectors. Fidelity Bank, Access Holdings, and Consolidated Hallmark Holdings dominated activity by volume, collectively representing over 25% of all trades.
The week also saw 52 equities record price gains, while 41 declined and 53 remained unchanged. Sovereign Trust Insurance Plc led the gainers with an 11.21% increase, followed by Royal Exchange Plc (+11.11%) and Eunisell Interlinked Plc (+10.00%). Other notable performers included Transcorp Power Plc, Stanbic IBTC Holdings Plc, and Vitafoam Nigeria Plc. On the flip side, Tripple Gee and Company Plc topped the losers’ chart, shedding 18.84%, followed by Academy Press Plc (-17.92%) and Regency Assurance Plc (-13.94%).
Overall, market sentiment remained overwhelmingly positive, with most sectoral indices closing in the green. The Industrial Goods Index led gains at +2.79%, while the Insurance and Consumer Goods indices advanced by 2.56% and 1.93%, respectively. Meanwhile, the NGX Growth Index slipped by 2.08% due to mild profit-taking. In corporate developments, Smart Products Nigeria Plc was officially delisted from the NGX for non-compliance with listing requirements, while Juli Plc successfully migrated to the Growth Board, signaling continued restructuring within the market ecosystem.
source: The Sun