Nigerian Equities Market Hits Historical High as Firms Drive N963bn Gain

The Nigerian Exchange Limited (NGX) experienced a monumental day on Tuesday, October 21, 2025, as a surge in the value of Nigerian firms propelled the market to a historic high, with investors recording a massive N963 billion gain. This remarkable performance saw the equities market extending its current bullish streak.

Dependable NG reports that buying interest in stocks like SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, Vitafoam, and 23 other equities were the primary drivers behind the unprecedented growth. The Nigerian Exchange’s benchmark All-Share Index (ASI) appreciated by a substantial 1,516.10 points, a gain of 1.01 per cent, to close at a new all-time high of 151,456.91 basis points, up from the 149,940.81 recorded at the close of trade on Monday.

Consequently, the overall market capitalisation, which represents the total value of all listed shares, saw a significant increase. It added N963 billion (or 1.01 per cent, not 0.01 per cent as previously stated) to its opening value of N95.171 trillion, closing the day at a historic N96.134 trillion.

Despite the overall positive momentum and the record-setting close, the market breadth remained slightly negative, recording 30 losers against 28 gainers. SCOA Nigeria led the pack of top gainers, followed closely by Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam. Conversely, Livingtrust Mortgage Bank was the biggest loser, shedding 9.91 per cent of its value to close at N4, with Conoil and Africa Prudential Sovereign Trust also experiencing declines.

The day’s trading activity was robust, with a total of 551.92 million shares valued at N20.54 billion exchanged across 27,518 deals. In terms of volume, Fidelity Bank led the activity chart, trading 59.1 million shares worth N1.18 billion. VFD Group followed with 39.31 million shares valued at N424.7 million. Access Corporation and Guaranty Trust Holding Company also saw high activity, exchanging 37.4 million shares (worth N950.1 million) and 31.4 million shares (valued at N2.92 billion), respectively.