The Nigerian All-Share Index wrapped up the trading week ended December 24, 2025, in positive territory, gaining 1,482.45 points as large-cap stocks like International Breweries, First HoldCo, and Guinness advanced.
From Monday to Wednesday, the market rose 0.97% week-to-date to 153,539.83 from 152,057.28, despite lower trading volume, as Thursday and Friday are Christmas holidays.
As a result, the index is up 6.98% month-to-date in December, with quarter-to-date and year-to-date gains of 7.59% and 49.17%, respectively.
Market participation declined during the week, with total traded volume of 2.8 billion shares across 80,229 deals, compared with 9.8 billion shares in the previous week.
Equity capitalization, however, mirrored the upward market movement, rising to N97.89 trillion from N96.9 trillion in the prior week.
The market opened for just three days, from Monday to Wednesday, as the Federal Government declared Thursday and Friday public holidays to commemorate Christmas.
On Monday, the index gained 401.7 points to close at 152,459.1.
The bullish momentum strengthened on Tuesday, rising 0.59%, and by Wednesday the market reached 153,539.8.
The NGX Premium Index declined by 0.51% despite the broader market rally, largely due to a 5.21% drop in MTN Nigeria Communications Plc.
In contrast, the NGX 30 and NGX Main Board indices advanced, posting gains of 0.96% and 1.74%, respectively.
Leading sectoral performance was the NGX Consumer Goods Index, which rose 3.34%, supported by large-cap INTERNATIONAL BREWERIES, up 20.83%. GUINNESS NIGERIA PLC also gained 9.98%.
Following closely, the NGX Banking Index advanced 2.93%, mainly driven by FIRST HOLDCO PLC, which surged 17.91%.
The NGX Industrial Goods Index rose 1.17%, led by AUSTIN LAZ & COMPANY PLC, which jumped a remarkable 32%. Cement stocks BUA CEMENT and LAFARGE also gained 2.94% and 0.75%, respectively.
The NGX Oil & Gas Index closed flat at 0.00%, while the Insurance Index declined 2.13%, weighed down by over 7% losses in NEM Insurance and AXA Mansard Insurance.
Leading the pack was ALUMINIUM EXTRUSION INDUSTRIES PLC, which surged 32.39% week-to-date to close at N16.35, marking a standout performance.
AUSTIN LAZ & COMPANY PLC followed closely, gaining 32.23% to end the week at N3.20.
AUSTIN LAZ & COMPANY PLC followed closely, gaining 32.23% to end the week at N3.20.
Other major gainers included:
On the flip side, LEGEND INTERNET PLC led the laggards, shedding 11.71% week-to-date to close at N4.90. CHAMPION BREWERY PLC followed with an 11.50% decline, finishing the week at N15.00.
Other notable decliners were:
The week saw a handful of corporate disclosures and sector-wide developments:
The All-Share Index is edging closer to a potential return to the 155,000-point level, supported by sustained bullish momentum that has lifted the market above the 153,500 threshold.
If buying interest broadens across more equities, the market could push beyond this level, shifting focus to possible new highs above 155,000 points.