The Nigerian stock market extended its winning streak on Tuesday, with the All-Share Index (ASI) crossing the historic 150,000-point mark for the first time in the history of the Nigerian stock market.
The benchmark index gained 1,516 points to close at 151,456.9, up 1.01% from 149,940.8 the previous day, as investors piled into major stocks like BUA Foods, Aradel, and First HoldCo.
The strong rally pushed the year-to-date performance to +47.15%, reinforcing Nigeria’s equities as one of Africa’s best-performing markets in 2025. Market capitalization surged to ₦96.13 trillion across 27,518 deals, inching closer to the symbolic ₦100 trillion milestone that could further energize investor sentiment.
Heavyweights Lift Market to Record High
Market momentum was largely driven by BUA Foods, which jumped 6.54% to ₦692.50, extending its dominance among Stocks Worth Over One Trillion Naira (SWOOTs).
Other big movers included Aradel rising 4.94%, Lafarge Africa gaining 1.1%, and Nigerian Breweries edging up 0.07%.
Analysts said the surge reflects renewed investor confidence in the fundamentals of large-cap stocks as Q3 earnings season progresses.
Among the banking majors, or FUGAZ stocks, performance was mixed. First HoldCo gained 4.46%, while UBA closed flat. In contrast, AccessCorp fell 1.77%, GTCO declined 0.32%, and Zenith Bank slipped 0.15%, reflecting profit-taking among investors after recent rallies.
Top Gainers and Losers
On the gainers’ chart, SCOA led with a 7.74% rise to ₦7.10, followed by OMATEK with 7.48% and CONHALLPLC at 6.70%. Meanwhile, Vitafoam added 5.92% to close at ₦94.00. The decliners’ list was topped by LIVINGTRUST, down 9.91% to ₦4.00, followed by CONOIL (-5.83%), AFRIPRUD (-5.69%), SOVRENINS (-3.95%), and NPFMCRFBK (-3.75%).
Market Breadth
Market breadth remained slightly positive, signaling steady accumulation in select high-value equities even as some investors booked profits in mid-tier counters.
Volume and Value Surge
Trading activity surged, with 551.9 million shares exchanged, up from 415 million the previous day, signaling robust investor participation. FIDELITYBK led the volume chart with 59.1 million shares, followed by VFDGROUP (39.3 million) and JAPAULGOLD (37.7 million). ACCESSCORP and GTCO rounded out the top five.
In terms of value, GTCO topped transactions with ₦2.9 billion, while Dangote Cement recorded ₦2.07 billion, and Aradel saw ₦1.64 billion. MTNN posted ₦1.20 billion, and FIDELITYBK closed with ₦1.1 billion in trade value, underscoring strong institutional activity.
Outlook
With the All-Share Index firmly above 150,000 points, analysts expect continued bullish momentum in the near term. The market could see further upside as third-quarter results from large-cap firms filter in, potentially driving renewed buying interest if earnings beat expectations.
Nigeria’s equities market now stands at its highest level in history, with investors watching closely to see if the ₦100 trillion market capitalization threshold will be breached before the year ends.
