The Nigerian Exchange (NGX) closed Friday, October 17, 2025, on a strong note as the All-Share Index (ASI) advanced by 622.7 points to settle at 148,977.8, moving closer to the 149,000 mark.
This marks a 0.42% increase from Thursday’s 148,355.1 points, as renewed investor confidence fueled both price gains and higher trading activity.
Market capitalization also expanded from ₦94.1 trillion to ₦94.5 trillion, while total trading volume rose to 480 million shares, up from 432 million recorded in the previous session.
Market Leaders and Laggards
Top Gainers:
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EUNISELL — up 10.00% to ₦48.90
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UPDC — up 9.92% to ₦6.98
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SOVRENINS — up 9.51% to ₦3.57
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UNIVINSURE — up 9.09% to ₦1.20
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DAARCOMM — up 8.74% to ₦1.12
Top Losers:
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LIVINGTRUST — down 10.00% to ₦4.50
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INTENEGINS — down 8.39% to ₦2.73
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CONHALLPLC — down 6.29% to ₦4.47
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STERLINGNG — down 4.88% to ₦7.80
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WAPIC — down 4.55% to ₦3.15
Trading Activity
UBA and AccessCorp dominated the market in volume terms, accounting for the largest number of traded shares.
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UBA: 59.1 million shares
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ACCESSCORP: 50.3 million shares
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FIDELITYBK: 46.9 million shares
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SOVRENINS: 34.2 million shares
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TANTALIZER: 24.5 million shares
In value terms, Dangote Cement (DANGCEM) led the board with ₦2.6 billion worth of trades, followed by:
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UBA: ₦2.4 billion
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ACCESSCORP: ₦1.2 billion
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MTNN: ₦1.16 billion
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FIDELITYBK: ₦944 million
SWOOT and FUGAZ Overview
Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was largely positive:
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BUA FOODS rose 3.22%
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LAFARGE gained 1.88%
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STANBIC IBTC added 0.81%
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MTNN edged up 0.66%
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DANGOTE CEMENT advanced 0.03%
Decliners included INTBREW (-3.33%), NB (-0.78%), and FIDELITYBK (-0.50%).
For the FUGAZ group:
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ZENITHBANK gained 0.22%
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ACCESSCORP rose 0.58%
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UBA closed flat
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FIRSTHOLDCO dropped 1.88%
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GTCO slipped 0.21%
Market Outlook
The Nigerian stock market remains on a bullish trajectory, with the ASI edging closer to the 149,000 threshold. Analysts anticipate continued upward momentum in the coming sessions, supported by strong Q3 earnings expectations and positive investor sentiment across key sectors.
Key Market Data:
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ASI: 148,977.8
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Change: +0.42%
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YTD Performance: +44.74%
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Volume: 480.8 million shares
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Market Cap: ₦94.5 trillion
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
