Nigerian Stocks Surge: NGX All-Share Index Hits Historic 155,645 as Industrial and Telecom Giants Lead Gains
The Nigerian stock market closed the week ended October 24, 2025, on a historic high, with the All-Share Index (ASI) advancing by 6,667.41 points to settle at 155,645.05. The gains were fueled by strong performances from major players such as Aradel, BUA Cement, Dangote Cement, MTN Nigeria, and Lafarge. This represents a 4.48% weekly increase and a 9.06% gain for the month, marking the first time the index has surpassed both the 150,000 and 155,000 thresholds.
Trading activity showed renewed investor confidence, with 3.6 billion shares exchanging hands during the week, up from 2.4 billion shares in the prior week. Market capitalization also grew significantly to N98.7 trillion from N94.5 trillion, inching closer to the N100 trillion milestone. While 44 equities gained in value, 49 declined, and 53 remained unchanged. Year-to-date, the ASI has surged by an impressive 51.22%, underscoring the market’s strong bullish trend.
Sectoral performance highlighted the industrial and oil and gas sectors as market leaders. The NGX Industrial Goods Index led the rally with a 12.5% gain in BUA Cement, a 10.83% jump in Dangote Cement, and notable advances in Lafarge, Berger Paints, and Chemical and Allied Products. The NGX Oil and Gas Index rose 9.13%, supported by a 25.2% surge in Aradel, while the Consumer Goods Index climbed 3.94%, driven by PZ Cussons’ 14.19% gain. Conversely, the Banking and Insurance indices slipped 1.35% and 1.10%, respectively.
Among individual stocks, ASO Savings and Loans topped the weekly gainers with a 32% jump to N0.66, followed by Aradel Holdings at N790, up 25.2%. Other notable gainers included Euniseell Interlinked, PZ Cussons, Nascon Allied, BUA Cement, Dangote Cement, Skyway Aviation, Sovereign Trust Insurance, and MTN Nigeria. On the losing side, LivingTrust Mortgage Bank led the laggards, down 10.89% to N4.01, with Juli, RT Briscoe, John Holt, Multiverse Mining, Conoil, Thomas Wyatt, Stanbic IBTC, Regency Assurance, and Guinea Insurance also posting notable declines.
Corporate developments continued to shape the market, with Legend declaring its final dividend for 2025 and several companies—including Transcorp Hotels, Nigerian Breweries, Presco, Guinness Nigeria, Africa Prudential, Abbey Mortgage, LivingTrust Mortgage Bank, and Red Star Express—releasing quarterly financial statements. With the ASI firmly above the 150,000 mark, analysts say the bullish momentum is likely to persist, particularly in select large and mid-cap stocks, as long as the market avoids becoming overbought.
source: Nairametrics