On October 23, 2025, Nigeria’s All-Share Index extended its rally, gaining 753.7 points to close at a record 154,489.9, supported by gains in heavyweights Lafarge, Aradel, MTN, and Dangote Cement.
Opening the session at 153,736.3, the index advanced by 0.49%, lifting its year-to-date return to an impressive 50.10% — the highest in 18 years.
Market activity picked up pace, with trading volume climbing to 926 million shares from 589 million the previous day.
Equity capitalization also surged to N98 trillion across 30,703 deals, inching closer to the symbolic N100 trillion milestone.
On the volume front, Japaul Gold (JAPULGOLD) and Fidelity Bank (FIDELITYBK) led the activity, trading the highest number of shares.
Trading volume
Daily market volume rose sharply to 926 million shares, up from 589 million shares in the previous session.
Trading value
SWOOT and FUGAZ performance
Stocks Worth Over One Trillion Naira (SWOOTs) closed largely positive.
On the downside, Stanbic IBTC (STANBIC) fell 9.15%, Nigerian Breweries (NB) dropped 7.83%, and International Breweries (INTBREW) slipped 0.34%.
Among the FUGAZ stocks, performance was mixed:
On the flip side, First HoldCo (FIRSTHOLDCO) declined 1.49%, UBA (UBA) lost 0.47%, and GTCO (GTCO) edged down 0.22%.
Market Outlook
The All-Share Index remains strongly bullish after breaking above the 154,000-mark, with a 50% year-to-date gain.
Additional upside could come from large-cap stocks as more Q3 earnings are released, provided results remain favorable.
Additional upside could come from large-cap stocks as more Q3 earnings are released, provided results remain favorable.