The Nigerian stock market continued its bullish momentum on October 16, 2025, as the All-Share Index (ASI) surged past the 148,000-point milestone for the first time in history.
The benchmark index gained 612.8 points or 0.41%, closing at 148,355.1, compared to 147,742.2 in the previous session. Market activity also strengthened, with trading volume climbing to 432 million shares, up from 388 million recorded a day earlier.
Market Capitalization Crosses N94 Trillion
Total market capitalization rose to N94.1 trillion, up from N93.7 trillion in the previous session, as investors showed renewed interest in large and mid-cap equities. Trading occurred across 23,665 deals, reflecting sustained optimism across sectors.
Top Gainers and Losers
NSLTECH and STERLINGNG topped the gainers’ list, advancing 7.06% and 6.49% respectively. Other notable gainers included LIVESTOCK (+5.33%), TIP (+5.18%), and MAYBAKER (+4.99%).
On the flip side, SUNUASSUR led the decliners, falling 9.71% to close at N5.21, followed by HMCALL (-7.53%), DAARCOMM (-6.36%), SOVRENINS (-6.05%), and CUSTODIAN (-4.55%).
Market Summary
-
Current ASI: 148,355.1
-
Previous ASI: 147,742.2
-
Day Change: +0.41%
-
Year-to-Date Performance: +44.14%
-
Volume Traded: 432 million shares
-
Market Cap: N94.1 trillion
Most Active Stocks
CONHALLPLC led in trading volume with 40.9 million shares, followed by ACCESSCORP (40.3 million), GTCO (27.5 million), ZENITHBANK (25 million), and TANTALIZER (22.2 million).
In terms of value, GTCO dominated with trades worth N2.57 billion, trailed by ARADEL (N2.52 billion), ZENITHBANK (N1.7 billion), NESTLE (N1.3 billion), and MTNN (N1.06 billion).
SWOOT and FUGAZ Performance
Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed:
-
DANGCEM rose 2.42%, LAFARGE gained 2.31%, INTBREW advanced 1.69%, ARADEL edged up 0.48%, STANBIC IBTC added 0.17%, and MTNN gained 0.06%.
-
FIDELITYBK was the only laggard, down 0.25%.
Within the FUGAZ group, FIRSTHOLDCO gained 2.4%, ACCESSCORP inched up 0.19%, and GTCO rose 0.11%. Meanwhile, UBA slipped 0.94% and ZENITHBANK dipped 0.07%.
Market Outlook
The Nigerian Exchange (NGX) remains in strong bullish territory, with the ASI breaking key resistance levels on the back of broad-based buying interest.
Analysts expect the rally to continue in the near term as third-quarter corporate earnings begin to roll in, potentially driving further gains amid sustained investor confidence and positive market sentiment.
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
