The Nigerian equity market showed quiet and mixed performance on Tuesday, October 14, 2025, with the benchmark NGX All-Share Index (ASI) ending the day nearly flat, underscoring subdued investor conviction.
Index and Market Overview
By the close, the NGX ASI dipped just 6.3 points to 147,710.96, a marginal decline from its previous level. Market capitalization held at about ₦93.7–93.8 trillion. The slight decline in index reflects cautious trading rather than a strong directional move.
Volume, Turnover & Deals
Market activity cooled compared to the prior session: a total of 495 million shares changed hands in 25,600+ deals. This volume is down from ~624 million shares traded the prior day. Interestingly, though volume declined, turnover (value traded) improved by ~29% compared to the prior trading day, indicating that heavier or higher-priced stocks were in focus.
Sector & Stock Movements
Out of the 128 equities that traded, 23 gained and 36 lost ground.
Top gainers:
- Regalins (REGALINS) was the strongest mover, rising 8.82% to close at ₦1.48.
- Prestige Assurance (PRESTIGE) followed with a 6.71% gain to ₦1.75.
- Others like Wapic, Legend Internet, and CWG also posted appreciable gains.
Top losers:
- Austin Laz (AUSTINLAZ) led the decline list, plunging 7.94% to ₦2.90.
- Fidson Healthcare (FIDSON) fell 6.67%. Also under pressure were Deapcap, Caverton, and Berger.
Active Stocks & Value Leaders
- Fidelity Bank was the most actively traded by volume, with ~50.9 million shares.
- Chams Holdings was next with ~37 million shares traded.
- In terms of value, MTN Nigeria led with ~₦2.4 billion in transactions, followed by Dangote Cement (~₦2.3 billion), Lafarge/WAPCO (~₦2.2 billion), Zenith Bank, and Aradel Holding.
Outlook and What This Means
Tuesday’s flat outcome underscores a degree of investor hesitation—despite pockets of activity in insurance, midcaps, and select banking names. The fact that turnover rose while volume fell suggests money was concentrated in fewer, possibly high-value names rather than broad participation.
Looking ahead, sustaining upward momentum will likely depend on renewed interest in blue-chip names or fresh catalysts (corporate earnings, macroeconomic data, policy announcements). The market’s ability to break decisively away from its current range will be telling for direction going into the rest of Q4 2025.
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