The Nigerian Exchange (NGX) closed positive on Monday, September 8, 2025, as renewed interest in equities lifted the benchmark index and market capitalization.
Market Performance
The All-Share Index (ASI) advanced by 0.30% to close at 139,394.75 points, supported by gains in key consumer goods and mid-tier stocks. Market activity showed sustained investor participation with:
-
Deals: 36,036
-
Volume: 947.87 million units
-
Value: ₦17.97 billion
-
Equity Market Capitalization: ₦88.20 trillion
-
Bond Market Capitalization: ₦51.05 trillion
-
ETF Market Capitalization: ₦30.23 billion
Top Gainers
PZ Cussons and UPL topped the chart, each advancing by the maximum 10% to reflect strong demand in consumer goods counters. Other notable gainers included Ellah Lakes (+9.94%), Legend Int’l (+9.90%), and NCR (+9.84%).
| Symbol |
Last Close |
Current Price |
Change |
% Change |
| PZ |
₦32.00 |
₦35.20 |
₦3.20 |
+10.00% |
| UPL |
₦5.00 |
₦5.50 |
₦0.50 |
+10.00% |
| ELLAHLAKES |
₦12.98 |
₦14.27 |
₦1.29 |
+9.94% |
| LEGENDINT |
₦4.95 |
₦5.44 |
₦0.49 |
+9.90% |
| NCR |
₦12.70 |
₦13.95 |
₦1.25 |
+9.84% |
Top Losers
ENAMELWA, IMG, and Union Dicon declined by 10% each, leading the day’s losers. Sovereign bond FGSUK2025S2 also fell sharply by -9.99%, signaling renewed weakness in debt instruments.
| Symbol |
Last Close |
Current Price |
Change |
% Change |
| ENAMELWA |
₦39.00 |
₦35.10 |
-₦3.90 |
-10.00% |
| IMG |
₦37.00 |
₦33.30 |
-₦3.70 |
-10.00% |
| UNIONDICON |
₦12.00 |
₦10.80 |
-₦1.20 |
-10.00% |
| THOMASWY |
₦3.00 |
₦2.70 |
-₦0.30 |
-10.00% |
| FGSUK2025S2 |
₦100.00 |
₦90.01 |
-₦9.99 |
-9.99% |
Top Trades
Banking stocks dominated trade volumes, with FCMB recording the highest turnover of 460.95 million units valued at ₦4.74 billion. UNIVINSURE and ROYALEX also saw active trading, alongside Tier-1 banks Zenith Bank and First HoldCo.
| Symbol |
Volume |
Value (₦) |
| FCMB |
460,948,883 |
4,735,742,694.25 |
| UNIVINSURE |
42,221,195 |
53,391,011.24 |
| ROYALEX |
35,224,266 |
72,498,943.13 |
| ZENITHBANK |
26,733,629 |
1,731,968,828.05 |
| FIRSTHOLDCO |
25,906,483 |
791,009,124.05 |
Bonds
Bond activity remained muted with no significant price movements. FGS202785, NMR2030S1, and other listed debt instruments closed flat.
| Symbol |
Last Close |
Current Price |
Change |
| FGS202785 |
₦100.00 |
₦100.00 |
0.00 |
| IAO2026S1 |
₦97.29 |
₦97.29 |
0.00 |
| NMR2030S1 |
₦100.00 |
₦100.00 |
0.00 |
| ADV2028S1A |
₦100.00 |
₦100.00 |
0.00 |
| DAN2028S1TC |
₦100.00 |
₦100.00 |
0.00 |
ETFs
Among ETFs, VETBANK advanced by ₦0.32 to close at ₦15.00, while all others — VETGOODS, SIAMLETF40, VETGRIF30, and MERVALUE — finished flat.
| Symbol |
Last Close |
Current Price |
Change |
| VETBANK |
₦14.68 |
₦15.00 |
₦0.32 |
| VETGOODS |
₦35.00 |
₦35.00 |
0.00 |
| SIAMLETF40 |
₦586.11 |
₦586.11 |
0.00 |
| VETGRIF30 |
₦51.00 |
₦51.00 |
0.00 |
| MERVALUE |
₦200.00 |
₦200.00 |
0.00 |
Market Outlook
The NGX maintained positive momentum at the start of the week, buoyed by consumer goods stocks and sustained liquidity in Tier-1 banks.
However, profit-taking in select counters and weakness in sovereign bonds highlight investor caution ahead of upcoming macroeconomic releases.
