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Transcorp Power Leads Market Rally as NGX Market Cap Hits N93.7 Trillion

The Nigerian stock market started the week on a strong footing, with the All-Share Index (ASI) rising by 729.2 points to close at 147,717.2 on Monday, October 13, 2025 — marking a 0.50% gain from Friday’s close of 146,988.1.

Investor sentiment remained upbeat, driven by strong performances from Transcorp Power, Stanbic IBTC, and other large-cap stocks.

Market activity surged as trading volume nearly doubled to 624 million shares, up from 385 million in the previous session, while market capitalization advanced by N500 billion to N93.7 trillion.

Top Gainers and Losers

Sovereign Insurance (SOVRENINS) and Regency Alliance Insurance (REGALINS) led the day’s gainers, rising 9.97% and 9.68% respectively.
Transcorp Power (TRANSPOWER) followed closely with an 8.92% jump to N342.00, reinforcing its dominance in the heavy-cap segment.
Other notable gainers included Conhall Plc (+7.14%) and HMCALL (+6.80%).

On the losing side, Tripple Gee (TRIPPLEG) and LivingTrust Mortgage Bank (LIVINGTRUST) fell 9.92% and 3.85% respectively.
NGXGROUP (-3.33%), CUTIX (-3.08%), and PRESTIGE (-2.96%) also recorded declines.

Market Summary

  • Current ASI: 147,717.2

  • Previous ASI: 146,988.1

  • Change: +0.50%

  • Year-to-Date: +43.52%

  • Volume Traded: 624 million shares

  • Market Cap: N93.7 trillion

Trading Activity

Conhall Plc (CONHALLPLC) led trading activity with 210.4 million shares, followed by Fidelity Bank (FIDELITYBK) with 47.4 million, and Chams (CHAMS) with 43.9 million.
Univinsure (UNIVINSURE) and Sovereign Insurance (SOVRENINS) completed the top five, trading 29.9 million and 23.2 million shares, respectively.

Trading Value Leaders

In terms of value, MTN Nigeria led with transactions worth N2.6 billion, followed by Zenith Bank (N1.4 billion) and GTCO (N1.03 billion).
Fidelity Bank (N951.8 million) and Conhall Plc (N909.6 million) rounded out the top five.

Performance of Key Stocks

Stocks Worth Over One Trillion Naira (SWOOTs) mostly traded positive:

  • Transcorp Power: +8.92%

  • Stanbic IBTC: +5.5%

  • Dangote Cement: +1.74%

  • Nigerian Breweries: +1.86%

  • Lafarge: -0.73%

Among the tier-one banks (FUGAZ), performance was mixed:

  • FBN Holdings: +1.61%

  • AccessCorp: +0.58%

  • UBA: Flat

  • GTCO: -1.05%

  • Zenith Bank: -0.73%

Market Outlook

With the All-Share Index reclaiming and surpassing the 147,000 mark, analysts expect sustained bullish momentum in the short term. Continued strength in mid- and large-cap stocks could further drive the market toward new highs as investor confidence remains firm.

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