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
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:
Insurance and banking stocks were the major laggards, even as oil & gas counters recorded strong gains.
Market Breadth
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.
Be First to Comment