The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05% to 146,862.0 points. Despite this modest decline, mid-cap stocks such as JAPAULGOLD led the market, showcasing strong gains that helped offset broader market weakness.
Trading activity slowed compared to the previous session, with daily volume settling at 747 million shares, down sharply from 1.9 billion shares the day before. Market capitalization also edged lower, closing at N93.62 trillion from N93.65 trillion, reflecting cautious investor sentiment.
On the gainers’ side, JAPAULGOLD surged 10.00% to N2.53, while Prestige Assurance rose 9.40% to N1.63. Other notable winners included Mercure (+7.72%) and Conoil (+6.97%). Conversely, Chams and Haldane McCall suffered significant losses, falling 10.00% and 8.88%, respectively.
Volume-heavy stocks dominated trading, with Cutix leading at 122.9 million shares, followed by FCMB at 80.6 million. In terms of transaction value, GTCO topped the chart with trades worth N2.7 billion, ahead of Fidelity Bank and AccessCorp. Large-cap SWOOT and FUGAZ stocks showed mixed performance, with Nigerian Breweries falling 1.33% and AccessCorp declining 2.87%, while UBA and GTCO posted modest gains.
Despite the minor setback in the ASI, market analysts remain cautiously optimistic. The index is gradually recovering from its recent low near 143,000 points in late November. If buying momentum strengthens across mid- and large-cap stocks, the Nigerian market could potentially push toward the 150,000 level in the near term.
source: nairametrics