The Nigerian Exchange Limited (NGX) closed the week ending October 4, 2025, on a bullish note, with the All-Share Index appreciating by 1.02 per cent to settle at 143,584.04 points, up from 142,133.03 points recorded the previous week.
Market capitalisation also rose by 1.31 per cent, reaching ₦91.135 trillion compared to ₦89.960 trillion the week before. This upward movement resulted in a weekly gain of ₦1.175 trillion for equity investors, according to official data released by NGX.
The week featured only four trading sessions due to the public holiday declared by the federal government on Wednesday, October 1, to commemorate Nigeria’s Independence Day. Despite the shortened week, market activity remained robust.
Investors exchanged 8.403 billion shares worth ₦115.501 billion in 115,801 transactions. This marked an increase in volume compared to the previous week’s 7.684 billion shares, although the value was significantly lower than the ₦494.126 billion recorded in 116,645 deals.
Sectoral performance was led by the financial services industry, which accounted for 92.24 per cent of the total trading volume and 76.32 per cent of the total value. The sector saw 7.750 billion shares traded at a value of ₦88.153 billion across 54,074 deals.
The ICT industry followed with 181.005 million shares worth ₦4.077 billion in 9,364 deals, while the consumer goods sector recorded 126.554 million shares valued at ₦6.274 billion in 14,261 transactions.
Cornerstone Insurance Plc, Fidelity Bank Plc, and United Bank for Africa Plc emerged as the top three traded equities for the week. Together, they accounted for 6.525 billion shares valued at ₦52.699 billion in 8,820 deals, representing 77.66 per cent of the total volume and 45.63 per cent of the total value.
Market breadth was positive, with 53 equities appreciating in price, a notable increase from 32 gainers in the previous week. Conversely, 43 equities declined, down from 51 recorded earlier, while 51 equities remained unchanged, compared to 64 in the prior week.
The top five gainers were Eterna Plc, Nigerian Enamelware, PZ Cussons, Livingtrust Mortgage Bank, and Eunisell Interlinked, which rose by 32.80 per cent, 20.94 per cent, 20.87 per cent, 18.25 per cent, and 17.56 per cent, respectively. Their respective price gains were ₦9.15, ₦7.35, ₦7.20, ₦0.94, and ₦5.90.
On the flip side, Julius Berger led the decliners, shedding ₦26.60. Other top losers included International Energy Insurance, Union Dicon Salt, AXA Mansard, and University Press, which lost ₦0.37, ₦0.90, ₦1.60, and ₦0.59, respectively.
In a corporate action update, NGX announced the listing of an additional 14,143,244,747 ordinary shares of 50 kobo each for Wema Bank Plc on Tuesday, September 30.
The shares were issued under the bank’s rights issue of 14,286,785,417 ordinary shares at ₦10.45 per share, offered based on two new shares for every three existing shares held as of March 5, 2025.
With this listing, Wema Bank’s total issued and fully paid-up shares have increased from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 kobo each.
These developments reflect continued investor interest and corporate activity in Nigeria’s capital market, despite macroeconomic headwinds and a shortened trading week.
