The Nigerian stock market continued its bullish run on Tuesday, October 21, 2025, as the All-Share Index (ASI) crossed the historic 150,000 mark for the first time ever, driven by strong performances from BUA Foods, Aradel Holdings, and First HoldCo.
The benchmark index gained 1,516 points or 1.01%, closing at 151,456.91, up from 149,940.8 in the previous session. Trading activity also spiked, with 551.9 million shares exchanged—an increase from 415 million the day before.
Market capitalization rose to ₦96.13 trillion, edging closer to the ₦100 trillion milestone, as investors showed renewed interest in large-cap stocks.
Top Market Movers
On the gainers’ chart, SCOA and OMATEK led with 7.74% and 7.48% gains, respectively. They were followed by CONHALLPLC (+6.70%), BUA Foods (+6.54%), and Vitafoam (+5.92%).
Meanwhile, LIVINGTRUST (-9.91%) and CONOIL (-5.83%) topped the losers’ chart, alongside AFRIPUD (-5.69%), SOVRENINS (-3.95%), and NPFMCRFBK (-3.75%).
Trading Volume and Value
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FIDELITYBK recorded the highest trading volume with 59.1 million shares, followed by VFDGROUP (39.3 million), JAPAULGOLD (37.7 million), ACCESSCORP (37.3 million), and GTCO (31.3 million).
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In terms of value, GTCO led with transactions worth ₦2.9 billion, trailed by DANGCEM (₦2.07 billion), ARADEL (₦1.64 billion), MTNN (₦1.20 billion), and FIDELITYBK (₦1.1 billion).
SWOOT and FUGAZ Stocks
Among the Stocks Worth Over One Trillion Naira (SWOOTs), most recorded gains:
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BUA Foods rose 6.54%
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Aradel advanced 4.94%
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Lafarge gained 1.1%
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Nigerian Breweries added 0.07%
Performance among FUGAZ (FirstBank, UBA, GTCO, Access, Zenith) stocks was mixed:
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First HoldCo gained 4.46%
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UBA closed flat
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AccessCorp (-1.77%), GTCO (-0.32%), and Zenith Bank (-0.15%) ended lower.
Market Summary
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Current ASI: 151,456.91
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Previous ASI: 149,940.8
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Day Change: +1.01%
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Year-to-Date Gain: +47.15%
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Volume Traded: 551.9 million
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Market Cap: ₦96.13 trillion
Market Outlook
The Nigerian Exchange (NGX) continues to display strong bullish momentum after smashing the 150,000-point ceiling. Analysts expect the rally to persist as more Q3 financial results are released, particularly from large-cap companies.
If upcoming earnings reports remain positive, the ASI could maintain its upward trajectory and push the market closer to the ₦100 trillion capitalization milestone—a historic achievement for Nigeria’s capital market.
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
