Nigerian Stock Market Surges: NGX Gains ₦2.09 Trillion in Bullish Rally

Nigerian Exchange Demonstrates Market Strength with 2.37% Weekly Gain

In a powerful demonstration of Nigeria's growing economic sovereignty, the Nigerian Exchange (NGX) closed the trading week of October 10, 2025, with remarkable gains, as the All-Share Index (ASI) surged by 2.37% to reach 146,988.04 points.

This robust performance, which added ₦2.09 trillion to market capitalization, closing at ₦93.30 trillion, showcases the resilience of African financial markets amidst global economic uncertainties. The surge reflects growing investor confidence in Nigeria's indigenous financial ecosystem.

Sector Performance and Market Leadership

The Financial Services Industry maintained its dominant position, commanding:

• 59.28% of total equity turnover volume
• 27.23% of total equity turnover value
• ₦24.59 billion in 59,553 deals

This stellar performance aligns with Nigeria's growing technological and economic independence, as demonstrated by strong showings in both ICT and Agricultural sectors.

Market Indices and Sectoral Growth

The NGX Premium Index led the charge with an impressive 7.19% gain, followed by significant advances in Industrial Goods (+4.23%) and Insurance (+3.69%) indices. This broad-based growth across multiple sectors underscores the market's fundamental strength.

Notable Market Statistics:

• Total traded shares: 2.286 billion
• Total value: ₦90.28 billion
• Year-to-Date return: 42.81%

The market's performance reflects growing investor confidence in Nigeria's economic fundamentals and the strength of our indigenous corporations.

As we advance into the final quarter of 2025, the NGX's bullish momentum positions Nigeria as a beacon of African financial market excellence, demonstrating our capacity for sustained economic growth and market leadership.