NGX Closes Week Positive as ASI Gains 0.20%, Market Cap Hits ₦89.96 Trillion

The Nigerian Exchange (NGX) closed the week ended September 26, 2025 on a positive note as the All-Share Index (ASI) advanced by 0.20% to 142,133.03 points, while market capitalisation rose by 0.24% to ₦89.96 trillion.

Market Turnover

• Volume: 7.684bn shares

• Value: ₦494.13bn

• Deals: 116,645

• Previous week: 2.735bn shares worth ₦85.20bn in 127,284 deals.

This represents a 181% jump in turnover value week-on-week, driven primarily by trades in Unity Bank Plc, Aradel Holdings Plc, and Consolidated Hallmark Plc, which jointly accounted for 67.79% of total volume and 81.95% of total value.

Sector Contributions

• Financial Services: 6.399bn shares, ₦71.81bn (83.27% of volume).

• Oil & Gas: 730.52m shares, ₦391.36bn.

• Services: 128.65m shares, ₦962.91m.

Daily Performance Summary

• Sept 22: ASI fell to 141,498.22; 22 advancers vs 28 decliners.

• Sept 23: ASI dropped further to 140,929.60; 16 advancers vs 35 decliners.

• Sept 24: Index moderated to 140,716.10; 23 advancers vs 29 decliners.

• Sept 25: Strong rebound as ASI rose to 141,157.49, boosted by Aradel and Unity Bank block trades; 34 advancers vs 22 decliners.

• Sept 26: Market closed at 142,133.03; 36 advancers vs 23 decliners.

Overall, three losing sessions and two positive closes underscored a volatile week, but heavy institutional flows ensured a net positive finish.

Index Movement

While the ASI and most sectoral indices advanced, key benchmarks ended mixed:

• Winners:

  • NGX Main Board (+2.03%)

  • NGX Consumer Goods (+5.48%)

  • NGX Oil & Gas (+2.79%)

  • NGX Lotus II (+1.84%)

  • NGX Growth (+1.07%)

• Losers:

  • NGX Banking (–2.57%)

  • NGX Insurance (–0.91%)

  • NGX Oil & Gas (–1.62%)

  • NGX Pension (–0.15%)

  • NGX MERI Growth (–0.35%)

Insurance and banking stocks were the major laggards, even as oil & gas counters recorded strong gains.

Market Breadth

• Gainers: 32 equities (vs. 40 previous week).

• Losers: 51 equities (vs. 41 previous week).

• Unchanged: 64 equities.

This highlights a narrower breadth, showing that the week’s positive outcome was largely influenced by heavyweights and block trades, rather than broad-based investor optimism.

Top 10 Price Gainers

• Thomas Wyatt Plc: ₦2.69 → ₦3.30 (+22.68%)

• Secure Electronic Technology Plc: ₦0.75 → ₦0.91 (+21.33%)

• Mecure Industries Plc: ₦21.60 → ₦26.10 (+20.83%)

• Chellarams Plc: ₦14.60 → ₦16.25 (+11.30%)

• Royal Exchange Plc: ₦2.04 → ₦2.25 (+10.29%)

• Others: The Initiates Plc, International Breweries, Eunisell, Chams, Stanbic IBTC Holdings.

Top 10 Price Losers

• Wema Bank Plc: ₦20.55 → ₦18.00 (–12.41%)

• Fidelity Bank Plc: ₦20.75 → ₦18.45 (–11.08%)

• Eterna Plc: ₦31.00 → ₦27.90 (–10.00%)

• Ikeja Hotel Plc: ₦22.95 → ₦20.70 (–9.80%)

• Africa Prudential Plc: ₦15.95 → ₦14.50 (–9.09%)

• Others: Cutix Plc, Deap Capital, Union Dicon Salt, May & Baker, Caverton Offshore.

The heavy representation of banking stocks among decliners confirms the sector’s drag on the overall market.

Outlook

The NGX closed the week on a positive trajectory due to block trades and targeted demand in oil & gas and consumer goods stocks. However, weak breadth and continued sell pressure in banking and insurance equities suggest investors remain cautious.

Looking ahead, sentiment may stay mixed, with profit-taking in high flyers expected to balance selective bargain hunting in undervalued counters.