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Nigerian Stocks Surge: ASI Gains 1,299 Points Weekly

The Nigerian Exchange Limited (NGX) wrapped up the trading week ending September 19, 2025, on a high note, with the All-Share Index climbing 1,299.05 points to close at 70,186.64. This represented a 1.89% increase from the previous week’s close of 68,887.59, boosting market capitalization by N721.27 billion to N38.42 trillion.

Investors gained N721.27 billion in value over the five-day period from September 15 to 19, 2025, driven largely by robust performances in consumer goods and banking sectors.

Consumer goods stocks led the charge, posting a 4.75% sectoral gain, fueled by strong buying interest in blue-chip names like BUA Foods, which rose 9.99%, and Nigerian Breweries, up 9.63%. Other standouts included International Breweries at 8.75% and Unilever Nigeria with a 5.00% jump.

The banking sector followed closely with a 1.89% rise, highlighted by Zenith Bank’s 3.05% increase and GTCO’s 2.65% advance. In contrast, the industrial goods sector dipped 0.45%, weighed down by Dangote Cement’s 1.50% decline, while oil & gas held steady with a marginal 0.01% loss.

Also see: AI Startup Wins Worldwide Forecasting Contest Against Humans

Trading activity intensified, with total volume reaching 3.26 billion shares worth N62.89 billion across 45,837 deals—a 28% uptick in volume from the prior week’s 2.55 billion units valued at N58.34 billion. Top traded stocks included Transcorp, with 593.45 million shares exchanged for N1.23 billion, and Zenith Bank, moving 408.72 million units worth N12.45 billion.

Year-to-date, the ASI has advanced 33.45%, reflecting sustained market resilience amid economic recovery signals. Analysts attribute the week’s momentum to bargain hunting in undervalued stocks and positive corporate earnings previews, though they caution on inflation risks ahead. The equity market’s bullish close signals optimism for the new week starting September 22, 2025.

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