UNIONDICON, EUNISELL Lead Gainers as Nigerian All-Share Index Surges Past 149,000 Points

The Nigerian stock market extended its bullish momentum on Monday, October 20, 2025, as the All-Share Index (ASI) climbed by 963 points to close at 149,940.8 points, marking a 0.65% daily gain. This upward movement reflects sustained investor optimism even as overall trading volume showed a slight pullback.

Despite the dip in activity — with 415 million shares traded compared to 480 million in the previous session — market capitalization rose sharply to ₦95.1 trillion from ₦94.5 trillion, buoyed by renewed buying interest in blue-chip and mid-cap stocks. A total of 31,522 deals were recorded, signaling continued investor participation across various sectors.

Leading the rally were UNIONDICON and EUNISELL, which gained 10.00% and 9.92%, respectively, emerging as the top performers of the day. Other notable gainers included SOVRENINS, BUA Cement, and ENAMELWA, each posting strong price advances. On the downside, JULI and THOMASWY led the laggards, shedding 9.94% and 9.63%, respectively, as profit-taking weighed on their prices.

Trading value remained strong, with GEREGU dominating at ₦9.2 billion, followed by ARADEL with ₦3.2 billion and DANGCEM at ₦1.9 billion. Among the most actively traded stocks, FIDELITYBK topped the volume chart with 49.4 million shares, while ACCESSCORP, CHAMS, Nigerian Breweries, and JAPAULGOLD rounded out the top five.

The Stocks Worth Over One Trillion Naira (SWOOTs) showed mixed results — BUA Cement jumped 6.25%, while ARADEL and Lafarge posted modest gains. The FUGAZ banks also traded mixed: FirstHoldCo, UBA, and Zenith Bank advanced, while ACCESSCORP and GTCO edged lower. With the ASI now comfortably above the 149,000 mark, analysts believe sustained buying in top-performing stocks could push the index past 150,000 points in the coming sessions, underscoring a resilient market outlook.

source: Nairametrics