Weekly Market Insight: NGX Breaks 155,000 points as All-Share Index gains 4.48%
Cement Giants Lead the Charge: Dangote, BUA, and Lafarge
The Nigerian stock market reached a new high in the last trading week ended October 24, 2025, as the All-share Index (ASI) surged by 4.48% gain. The index rose by 6,667.41 points to close at 155,645.05 points, up from the previous week’s close of 148,977.64 points.
The market capitalization inches closer to the N100 trillion milestone, closing at N98.7 trillion compared to N94.5 trillion in the previous week.
In the review week, the All-share Index performed outstandingly, crossing above the 150,000 and 155,000 thresholds for the first time in history. This impressive surge was driven largely by gains in the Industrial goods sectors such as BUA Cement, Dangote Cement, and Lafarge and also gains in Aradel Holdings, PZ Cussons and MTN.
The NGX Premium Index had a solid gain of 6.21% on the back of Dangote Cement, Lafarge and MTN surges.
Among the sectors, the NGX Industrial Goods Index led the pack, advancing by 12.5%, boosted by jumps in BUA Cement, Dangote Cement, and Lafarge, which gained by 12.50%, 10.83%, and 7.01% respectively. The NGX Oil and Gas followed with a surge of 9.13% supported by an impressive gain of 25.2% in Aradel. The NGX Consumer Goods Index also gained by 3.94%.
On the downward side, the NGX Banking Index dipped slightly by 1.35%. Also, the NGX Insurance Index dropped by 1.10% due to profit-taking.
The week saw 44 equities appreciated in price, 49 equities declined in price while 53 equities remained flat.
Market Analysis
ASI Weekly Close: 155,645.05 points
Market Capitalization: N98.793 trillion
Week-on-Week Change: 4.48%
Year-to-Date Return: 51.22%
Top Gainers
ASO SAVINGS AND LOANS PLC up 32.00%
ARADEL HOLDINGS PLC up 25.20%
EUNISELL INTERLINKED PLC up 19.73%
P Z CUSSONS NIGERIA PLC up 14.19%
NASCON ALLIED INDUSTRIES PLC up 12.77%
BUA CEMENT PLC up 12.50%
DANGOTE CEMENT PLC up 10.83%
Top Losers
LIVINGTRUST MORTGAGE BANK PLC -10.89%
JULI PLC. -9.94%
R T BRISCOE PLC. -9.84%
JOHN HOLT PLC. -9.72%
MULTIVERSE MINING AND EXPLORATION PLC -9.71%
CONOIL PLC -9.66%
THOMAS WYATT NIG. PLC. -9.63%
The impressive performance of the NGX reflects robust investors’ confidence driven by strong earnings releases and sustained foreign inflows. The last quarter of the year is likely to remain in positive territory as both institutional and retail investors continue to position for long-term value.
