NGX All-Share Index hits document 155,613 factors, closes 2025 increased

Nigerian Alternate (NGX) closed the ultimate buying and selling session of 2025 on a historic word because the All-Share Index (ASI) hit an unprecedented 155,613.03 factors, the very best ever recorded within the Alternate’s historical past.

The year-end rally pushed the ASI firmly above the long-watched 155,000 psychological degree with 51.19% year-to-date return, cementing Nigeria’s place because the best-performing rising and frontier market change globally in 2025.

The index gained 578.31 foundation factors, representing a 0.37% rise from the day prior to this’s 155,034.72 factors, sealing a three-day streak of sustained market appreciation.

This spectacular end highlights investor optimism supported by macroeconomic reforms, stronger company earnings, and rising liquidity inflows into equities.

Market capitalisation surged by N532.94 billion, or 0.54%, to shut at N99.376 trillion, up from N98.843 trillion on Tuesday. The rise was considerably influenced by recent listings and renewed shopping for curiosity throughout main boards.

Nonetheless, regardless of the surge in valuation, the market recorded weaker exercise ranges as quantity, worth, and complete offers dipped sharply, reflecting year-end profit-taking and a slowdown in buying and selling sentiment.

NGX efficiency indicators for December 31, 2025

All-Share Index: 155,613.03 factors, up +0.37% from 155,034.72 factors.
Market Capitalization: N99.376 trillion, up +0.54% from N98.843 trillion
Offers: 27,873 offers, down -19.98% from 34,831 offers
Quantity: 1,229,464,841 models, down -73.75% from 4,683,798,116 models
Worth: N35.127 billion, down -9.62% from N38.864 billion
12 months-to-date return: 51.19%, all time highest

NREIT Itemizing lifts Market Cap as Major and Premium Boards drive positive aspects

A serious driver of the day’s sturdy market capitalisation was the itemizing by introduction of 1.59 billion models of Chapel Hill Denham Administration Restricted’s Nigeria Actual Property Funding Belief (NREIT) on the NGX Major Board.

Listed at N103 per unit, the fund entered the market with an implied worth of N163.6 billion, boosting the market’s breadth underneath the N400 billion NREIT Issuance Programme.

The itemizing contributed to the seen disparity between the ASI’s proportion achieve and the sharper rise in complete market capitalisation. Whereas the index grew reasonably, the extra NREIT valuation considerably expanded the Alternate’s complete market dimension at a essential interval within the yr.

Additional supporting market progress had been positive aspects on the Major Board (+0.55%) and the Premium Board (+0.53%), with traders taking positions in high-value blue-chip shares. Nonetheless, buying and selling metrics weakened considerably, with day by day commerce quantity falling by -73.75% to 1.229 billion models, worth declining -9.62% to N35.127 billion, and complete offers sliding -19.98% to 27,873, exhibiting that institutional trades somewhat than retail exercise drove a lot of the day’s uplift.

NGX Group GMD/CEO: ‘2025 efficiency displays resilience, reforms and investor confidence’

Group Managing Director/CEO of NGX Group, Temi Popoola, described the market’s 2025 efficiency as a testomony to Nigeria’s financial resilience and the effectiveness of structural and financial reforms applied all year long.

In a press release obtained by Nairametrics, NGX Group boss stated the flexibility of the capital market to broaden regardless of home and international headwinds underlines growing investor confidence.

Popoola highlighted that coverage consistency, focused reforms, and technological enhancements had been pivotal to sustaining the yr’s momentum. He famous that stronger market constructions and enhanced transparency had improved participation and capital formation, broadening entry for each institutional and retail traders.

Looking forward to 2026, Popoola stated that NGX Group would deepen collaboration with regulators, issuers, market operators, and policymakers to consolidate positive aspects. He added that the Group stays dedicated to positioning Nigeria as Africa’s foremost funding hub, supporting financial progress, and unlocking wealth creation alternatives.

Sectoral efficiency: Insurance coverage and Banking lead as Oil & Gasoline, Industrial Index dip

Sectoral efficiency on December 31 was largely optimistic with the Insurance coverage Index topping the chart after rising 2.17%, reflecting sturdy investor urge for food for underpriced insurance coverage shares. The Banking Index additionally superior 1.40%, pushed by renewed curiosity in tier-1 lenders forward of anticipated full-year outcomes and 2026 steerage.

Average positive aspects had been recorded throughout the Major Board (+0.30%), Pension Index (+0.62%), and Shopper Items Index (+0.20%), exhibiting broad-based however measured shopping for curiosity.

Nonetheless, not all segments carried out positively because the Industrial Index dipped -0.14%, whereas the Oil/Gasoline Index fell -0.55%, dragged down by gentle selloffs in power shares regardless of sturdy showings by heavyweights ARADEL and SEPLAT in worth.

When it comes to volumes, the ICT sector dominated buying and selling with 718.9 million models, representing 58.48% of complete quantity. Monetary Companies adopted with 333.6 million models (27.14%), whereas the Companies sector contributed 4.67% of the market amount traded. The focus of market exercise in ICT underscores the sector’s rising liquidity profile and investor enchantment.

Prime gainers and losers: ALEX leads advancers as NEIMETH tops decliners

Investor sentiment tilted optimistic with 47 shares closing within the inexperienced, led by ALEX, AUSTINLAZ, and MEYER—all posting positive aspects above 9%. ALEX appreciated by 9.90% to N21.65, adopted by AUSTINLAZ (+9.82%) and MEYER (+9.75%), reflecting renewed demand for small- and mid-cap shares heading into the brand new yr.

On the draw back, 17 shares recorded losses, with NEIMETH rising because the worst performer after shedding 9.38% to N5.80. TANTALIZER declined 6.72%, whereas INTBREW dropped 4.44%, dragging the Shopper Items area barely decrease. Small losses had been additionally recorded in NPFMCRFBK (-3.13%) and VITAFOAM (-3.06%).

In turnover dynamics, CHAMS led in quantity with 710.28 million models, whereas ARADEL dominated worth with N9.52 billion, adopted by SEPLAT (N7.11bn), ZENITHBANK (N3.67bn), and MTNN (N1.96bn)—underscoring a market led by high-value, high-conviction trades.

Prime 5 Gainers and Losers for December 31, 2025:

ALEX: Up +9.90%, from N19.70 to N21.65.
AUSTINLAZ: Up +9.82%, from N3.87 to N4.25.
MEYER: Up +9.75%, from N11.80 to N12.95.
CILEASING: Up +9.60%, from N6.25 to N6.85.
UNIONDICON: Up +9.52% enhance, from N6.30 to N6.90.

Prime 5 Decliners:

NEIMETH: Down -9.38%, from N6.40 to N5.80.
TANTALIZER: Down -6.72%, from N2.68 to N2.50.
INTBREW: Down -4.44%, from N14.65 to N14.00.
NPFMCRFBK: Down -3.13%, from N3.83 to N3.71.
VITAFOAM: Down -3.06%, from N94.90 to N92.00.

NGX sectoral indices for December 31, 2025:

NGX Insurance coverage Index: Up +2.17% (strongest day by day enhance)
NGX Banking Index: Up +1.40%
NGX Major-Board Index: Up +0.30% (regular progress)
NGX Pension Index: Up +0.62% (notable progress)
NGX Shopper Items Index: Up +0.20%
NGX Industrial Index: Down -0.14% (slight decline)
NGX Oil/Gasoline Index: Down -0.55% (notable decline)

Prime 3 Sectors by Amount Traded:

ICT (58.48%): Dominated the market by a big margin, with a complete of 718,935,422 models traded, making up the majority of traded portions.
Monetary Companies (27.14%): The monetary sector additionally carried out strongly, contributing 333,625,040 models.
Companies (4.67%): A smaller however notable contribution of 57,456,663 models in trades.

Prime 5 Trades by Turnover Quantity:

CHAMS (ICT): Led the amount with 710,280,625 models traded throughout 321 offers.
ZENITHBANK (Monetary Companies): Essentially the most traded bank inventory with 58,757,731 models in 1,608 offers.
ACCESSCORP (Monetary Companies): Adopted intently with 57,601,512 models in 2,064 offers.
FCMB (Monetary Companies): Had 44,061,701 models traded over 593 offers.
TANTALIZER (Companies): Rounded out the highest 5 with 39,940,281 models.

Prime 5 Trades by Turnover Worth:

ARADEL (Oil and Gasoline): Dominated by worth with N9,519,465,814 in 778 offers.
SEPLAT (Oil and Gasoline): One other oil firm with N7,118,375,629 from 253 offers.
ZENITHBANK (Monetary Companies): Generated N3,665,178,673 in 1,608 offers.
CHAMS (ICT): Contributed N2,566,127,179 in 321 offers.
MTNN (ICT): Had N1,962,654,066 in worth from 1,811 offers.