The Nigerian Exchange (NGX) All-Share Index (ASI) surged by 963 points on Monday, October 20, 2025, closing at 149,940.8.
The 0.65% gain from the previous session’s 148,977.6 level pushed the benchmark index closer to the symbolic 150,000 mark, signaling strong investor appetite despite lower trading volume.
Market capitalization rose in tandem, climbing to ₦95.1 trillion from ₦94.5 trillion, underscoring a ₦600 billion expansion in market value. This upward movement reflects renewed confidence in large- and mid-cap equities, even as market activity cooled slightly.
Trading Activity and Market Breadth
Daily trading volume eased to 415 million shares from 480 million in the previous session, pointing to a mild dip in investor participation. A total of 31,522 deals were executed, confirming that despite lighter turnover, traders remained active in key counters.
FIDELITYBK led the volume chart with 49.4 million shares traded, followed by ACCESSCORP at 42.4 million. CHAMS, Nigerian Breweries, and JAPAULGOLD rounded out the top five with 20.2 million, 17.9 million, and 16.1 million shares respectively.
Top Gainers and Losers
The gainers’ board was led by UNIONDICON, which rallied 10.00% to ₦8.80, while EUNISELL advanced 9.92% to ₦53.20. SOVRENINS gained 6.44% to ₦3.80, BUA Cement climbed 6.25% to ₦170.00, and ENAMELWA rose 6.01% to ₦45.00.
On the downside, JULI shed 9.94% to ₦8.06, followed closely by THOMASWY, which declined 9.63% to ₦2.72. DAARCOMM fell 7.14% to ₦1.04, while UNIVINSURE and ROYALEX lost 5.00% and 4.17% respectively.
Value Leaders and Sector Performance
In terms of value, GEREGU dominated with trades worth ₦9.2 billion, followed by ARADEL at ₦3.2 billion and DANGCEM with ₦1.9 billion. MTNN and Nigerian Breweries completed the list at ₦1.46 billion and ₦1.39 billion respectively, highlighting sustained activity in energy and industrial stocks.
Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed. BUA Cement advanced 6.25%, ARADEL added 1.46%, and Lafarge rose 0.37%. Meanwhile, among the FUGAZ group, FirstHoldCo gained 3.5%, UBA climbed 2.26%, and Zenith Bank edged up 0.59%, while ACCESSCORP and GTCO slipped 0.78% and 0.05% respectively.
Market Outlook
The NGX remains firmly bullish, with the All-Share Index breaking new ground above 149,000 points on the back of renewed momentum in heavyweight stocks.
Analysts expect that further strength in large caps such as BUA Cement and UBA could propel the market toward the 150,000 threshold in the coming sessions.