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Business News

Weekly Market Wrap: Consumer goods stocks shine as All-Share Index jumps 1,299 points 

The Nigerian All-Share Index (ASI) closed the trading week ended 19th September 2025 in positive territory, rising 1,299.66 points to settle at 141,845.35.

This represents a 0.92% gain from the previous week’s close of 140,545.69, as the index comfortably held above the 140,000-mark, supported by strong performances in consumer goods stocks and ARADEL.

During the week, investors exchanged 2.7 billion shares, a slight decrease from 3.19 billion shares the previous week.

Equity capitalization increased to N89.74 trillion from N88.92 trillion, reflecting an overall bullish sentiment.

However, market breadth was mixed:

Price action during the week was mixed.

Leading the pack was GUINNESS NIG PLC, which soared 28.60% week-to-date, marking a standout performance. MULTIVERSE MINING AND EXPLORATION PLC followed closely with a 21.30% gain.

Other major gainers included:

On the flip side, OMATEK VENTURES PLC led the laggards, shedding 18.18% week-to-date. CORNERSTONE INSURANCE PLC followed with a 15.42% drop.

Other notable decliners were:

The week saw several key corporate disclosures and sector developments:

The All-Share Index appears to be staging a correction above the 140,000 threshold, which it had fallen below in early September 2025, as price action returned in some dormant large-cap stocks.

Positive sentiment in the banking sector could provide additional momentum, potentially driving the index to test 145,000 again.