The Nigerian Exchange (NGX) concluded the trading week on Friday, October 24, 2025, with a strong bullish performance, as improved investor confidence drove the benchmark index up by 4.48 per cent. The NGX All-Share Index (ASI) rose to 155,645.05 points from the previous week’s 148,977.64 points, while market capitalisation increased to ₦98.79 trillion from ₦94.61 trillion.
Market activity strengthened significantly, with investors exchanging 3.70 billion shares valued at ₦129.89 billion in 148,077 deals, higher than 2.42 billion shares worth ₦76.62 billion traded in 126,591 deals in the preceding week.
The Financial Services Industry led the activity chart with 2.36 billion shares valued at ₦54.38 billion in 63,561 deals, accounting for 63.91 per cent and 41.87 per cent of total equity turnover volume and value, respectively. The Oil and Gas sector followed with 551.52 million shares worth ₦19.21 billion, while the Consumer Goods sector recorded 180.90 million shares valued at ₦13.28 billion.
Top traded equities for the week were Fidelity Bank Plc, Japaul Gold and Ventures Plc, and Access Holdings Plc, which jointly accounted for 1.81 billion shares valued at ₦27.89 billion, representing 48.94 per cent and 21.47 percent of total turnover volume and value, respectively.
Sectoral performance was largely positive as the NGX Industrial Goods Index advanced by 10.61 per cent, Oil and Gas gained 9.13 per cent, while the Lotus II and Consumer Goods indices rose by 9.52 per cent and 3.94 per cent, respectively. Conversely, the Banking and Insurance indices declined by 1.35 per cent and 1.10 per cent due to profit-taking activities.
Aso Savings and Loans Plc emerged as the top gainer for the week, appreciating by 32 per cent following the lifting of suspension on its shares after filing all outstanding financial statements with the Exchange. Aradel Holdings Plc gained 25.20 percent, while Eunisell Interlinked Plc appreciated by 19.73 percent.
On the decliners’ list, LivingTrust Mortgage Bank Plc led with a 10.89 per cent drop, followed by Juli Plc, which fell by 9.94 per cent, and RT Briscoe Plc, which dipped by 9.84 per cent.
Meanwhile, the NGX announced the commencement of trading on VFD Group Plc’s Rights Issue of 5.07 billion ordinary shares of 50 Kobo each at ₦10.00 per share. The offer, which opened on October 15, 2025, is scheduled to close on November 15, 2025, on the basis of two new shares for every three held as of August 8, 2025.
The strong performance on the NGX underscores growing investor optimism as macroeconomic indicators begin to stabilise following months of fiscal and monetary tightening.
Analysts note that sustained inflows into equities, particularly in industrial and consumer goods counters, signal renewed confidence in Nigeria’s corporate earnings outlook.
With Q4 now underway, market watchers expect selective buying and portfolio rotation to persist, especially as investors position ahead of full-year results and possible monetary policy adjustments by the Central Bank of Nigeria
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