December 31, (THEWILL) — The Nigerian equities market closed the final trading session of 2025 on Wednesday, 31st December on a positive note, capping a year of sustained recovery and strong capital inflows into the domestic equities market.
Market capitalisation rose to ₦99.376 trillion, from an opening level of ₦98.843 trillion, reflecting a gain of ₦533 billion.
The All-Share Index (ASI) advanced by 578.31 points to close at 155,613.03, up from 155,034.72 at the start of trading.
Market breadth remained firmly positive, with 47 gainers against 16 losers, highlighting continued investor appetite for select stocks.
Top Gainers
• ALEX rose by 9.90 percent, (from ₦19.70 to ₦21.65).
• AUSTINLAZ gained 9.82 percent, (closing at ₦4.25 from ₦3.87).
• MEYER appreciated 9.75 percent, (advancing from ₦11.80 to ₦12.95).
• CILEASING added 9.60 percent, (moving from ₦6.25 to ₦6.85).
• UNIONDICON climbed 9.52 percent, (closing at ₦6.90 from ₦6.30).
Top Losers
• NEIMETH declined 9.38 percent, (from ₦6.40 to ₦5.80).
• TANTALIZER shed 6.72 percent, (closing at ₦2.50 from ₦2.68).
• INTBREW fell 4.44 percent, (from ₦14.65 to ₦14.00).
• NPFMCRFBK dipped 3.13 percent, (closing at ₦3.71 from ₦3.83).
• VITAFOAM eased 3.06 percent, (from ₦94.90 to ₦92.00).
Stocks that closed flat included Dangote Cement, Seplat Energy, John Holt, Presco Plc, and Okomu Oil Palm.
2025 Market Capitalisation Performance (Full-Year Context)
The market’s 2025 performance marks a sharp improvement over 2024, when total market capitalisation opened the year around ₦56 trillion and closed at approximately ₦62.7 trillion.
In contrast, 2025 began near the ₦63 trillion level, crossed the ₦80 trillion mark by mid-year, and accelerated sharply in the second half of the year, supported by strong earnings, banking-sector rallies, consumer goods re-rating, and sustained foreign and domestic participation. The year ultimately closed at ₦99.376 trillion, representing a year-on-year increase of over ₦36 trillion.
Investor sentiment remained decidedly bullish into the year-end, driven by portfolio rebalancing, improving corporate fundamentals, and expectations of macroeconomic stability.
Heading into 2026, analysts expect cautious optimism, with investors likely to focus on earnings quality, dividend plays, and valuation-sensitive stocks.
Ogochukwu Onwaeze
