The Nigerian Exchange Limited (NGX) began the final trading week of October on a mild bearish note, halting its four-day winning streak.
The All-Share Index (ASI) fell by 0.10% to close at 155,496.15 points, compared to 155,645.05 points at the end of the previous session on October 24, 2025.
Consequently, the market capitalization declined slightly by ₦95 billion, closing at ₦98.698 trillion, down from ₦98.793 trillion recorded on Friday.
The market pullback was primarily driven by profit-taking activities in select consumer and insurance equities, even as industrial, energy, and tech-linked stocks remained resilient.
Market Summary
| Indicator |
Previous (Oct 24) |
Current (Oct 27) |
% Change |
| ASI (Points) |
155,645.05 |
155,496.15 |
-0.10% |
| Market Capitalization (₦) |
98.793 trillion |
98.698 trillion |
-0.10% |
| Deals |
31,000 (approx.) |
39,972 |
+29.0% |
| Volume (Shares) |
1.21 billion |
503.00 million |
-58.5% |
| Value (₦) |
31.48 billion |
24.94 billion |
-20.8% |
The mixed start to the week reflected a rotational shift in investor sentiment, as market participants locked in profits following last week’s 4.48% rally. While activity levels fell across major sectors, deal count rose sharply by nearly 30%, signaling continued participation from institutional investors in high-value transactions.
Top Gainers
| Company |
Previous (₦) |
Current (₦) |
Change (₦) |
% Change |
| Aradel Holdings Plc |
790.00 |
869.00 |
+79.00 |
+10.00% |
| NEM Insurance Plc |
30.00 |
32.90 |
+2.90 |
+9.67% |
| Aso Savings & Loans Plc |
0.66 |
0.72 |
+0.06 |
+9.09% |
| Eterna Plc |
40.00 |
43.50 |
+3.50 |
+8.75% |
| Chams Holding Company Plc |
3.95 |
4.25 |
+0.30 |
+7.59% |
The day’s rally was anchored by Aradel Holdings (+10.00%), which extended its strong upward momentum from the prior week.
NEM Insurance (+9.67%) gained amid renewed interest in the insurance sector after previous sessions of correction, while Eterna Plc (+8.75%) benefitted from sustained demand in the oil and gas sector.
Aso Savings & Loans Plc (+9.09%) continued its post-suspension rebound, attracting increased retail attention for a third consecutive session.
Top Losers
| Company |
Previous (₦) |
Current (₦) |
Change (₦) |
% Change |
| Deap Capital Management & Trust Plc |
1.75 |
1.58 |
-0.17 |
-9.71% |
| Champion Breweries Plc |
16.60 |
15.00 |
-1.60 |
-9.64% |
| Lotus Halal ETF 15 |
77.00 |
70.00 |
-7.00 |
-9.09% |
| Red Star Express Plc |
11.00 |
10.05 |
-0.95 |
-8.64% |
| Wapic Insurance Plc |
3.10 |
2.90 |
-0.20 |
-6.45% |
The decliners’ list was dominated by consumer and logistics stocks, with Champion Breweries (-9.64%) leading losses following last week’s gains.
Lotus Halal ETF (-9.09%) remained volatile, mirroring recent fluctuations in Islamic-compliant investment products.
Deap Capital and Red Star Express also declined on light volume, signaling mild sell pressure in lower-tier equities.
Top Traded Stocks
| Company |
Volume (Shares) |
Value (₦) |
| Access Holdings Plc |
68,918,625 |
1,620,739,797.25 |
| FBN Holdings Plc |
66,571,538 |
2,089,453,626.85 |
| Universal Insurance Plc |
19,160,768 |
21,232,531.56 |
| Sovereign Trust Insurance Plc |
19,089,177 |
73,972,796.60 |
| Zenith Bank Plc |
18,176,902 |
1,200,934,683.35 |
The financial sector remained the most active, with Access Holdings and FBN Holdings leading both in volume and value. Together, they accounted for over 26% of total market volume.
This trend reflects institutional positioning in tier-one banking equities ahead of their third-quarter earnings disclosures.
Fixed Income Market
| Instrument |
Previous (₦) |
Current (₦) |
Change (₦) |
| FGS202793 |
95.00 |
95.00 |
0.00 |
| FGS202886 |
80.00 |
80.00 |
0.00 |
| FGS202896 |
100.00 |
100.00 |
0.00 |
| FMN2029S2 |
100.00 |
100.00 |
0.00 |
| TSL2030S1 |
100.00 |
100.00 |
0.00 |
The bond market was stable with no price changes across all listed instruments, reflecting steady yields and limited secondary market volatility.
Exchange-Traded Funds (ETFs)
| ETF |
Previous (₦) |
Current (₦) |
Change (₦) |
| NEWGOLD |
52,500.00 |
55,555.00 |
+3,055.00 |
| STANBICETF30 |
500.00 |
510.00 |
+10.00 |
| VETGRIF30 |
55.00 |
59.00 |
+4.00 |
| VETBANK |
16.40 |
17.10 |
+0.70 |
| VETGOODS |
36.55 |
37.00 |
+0.45 |
ETF performance was broadly positive, led by NEWGOLD (+5.82%), which benefitted from a modest uptick in global gold prices.
VETGRIF30 (+7.27%) and VETBANK (+4.27%) also advanced, reflecting mild accumulation in financial and diversified ETF baskets.
Market Interpretation
The NGX recorded a soft pullback of 0.10% after four straight sessions of gains, suggesting short-term profit-taking by traders who capitalized on last week’s ₦4.23 trillion rally.
Despite the decline, the market remained structurally strong, with broad sectoral resilience in industrial, energy, and technology-linked equities.
Key observations:
-
Trading volume declined 58%, suggesting reduced retail participation after prior heavy activity.
-
Value traded stayed relatively high at ₦24.94 billion, supported by banking and industrial large caps.
-
Market breadth closed slightly negative, with five major losers outnumbering five significant gainers in overall market capitalization impact.
Outlook
Analysts expect a cautious rebound in the next session, as investors react to:
-
Imminent release of Q3 corporate earnings,
-
Sectoral rotation between financials and industrials, and
-
Potential moderation in profit-taking pressures.
The 155,000-point zone remains a key technical support level for the NGX All-Share Index, and holding above this mark will likely sustain investor confidence through the final week of October.
Summary Snapshot
| Metric |
October 27, 2025 |
| ASI |
155,496.15 (-0.10%) |
| Market Cap |
₦98.698 trillion |
| Volume |
503.00 million shares |
| Value |
₦24.94 billion |
| Deals |
39,972 |
| Sentiment |
Mildly bearish due to profit-taking |
