October 24, (THEWILL) — The Nigerian Exchange (NGX) extended its bullish momentum on Friday, October 24, 2025, as renewed interest in mid- and large-cap stocks lifted key market indicators for the third consecutive session.
The All-Share Index (ASI) advanced from 154,489.90 points to 155,645.05 points, representing a 0.75 percent gain. Similarly, market capitalisation increased from ₦98.07 trillion to ₦98.82 trillion, adding roughly ₦750 billion to investors’ wealth.
Market Breadth and Sentiment
Market sentiment closed positive with 34 gainers against 25 losers, reflecting sustained investor confidence amid expectations of improved corporate earnings and steady macroeconomic indicators.
Top Gainers
ASO Savings and Loans Plc (ASOSAVINGS) appreciated by 10.00 percent (₦0.60 to ₦0.66).
Ikeja Hotel Plc (IKEJAHOTEL) rose by 7.89 percent (₦19.00 to ₦20.50).
Regency Alliance Insurance Plc (REGALINS) advanced by 7.44 percent (₦1.21 to ₦1.30).
Caverton Offshore Support Group Plc (CAVERTON) gained 7.08 percent (₦6.07 to ₦6.50).
Aradel Holdings Plc (ARADEL) appreciated by 6.76 percent (₦740.00 to ₦790.00).
Top Losers
Union Dicon Salt Plc (UNIONDICON) declined by 9.09 percent (₦8.80 to ₦8.00).
Neimeth International Pharmaceuticals Plc (NEIMETH) dipped by 6.67 percent (₦6.00 to ₦5.60).
Cornerstone Insurance Plc (CORNERST) fell by 5.61 percent (₦6.60 to ₦6.23).
HomeCall Plc (HMCALL) dropped by 4.84 percent (₦4.34 to ₦4.13).
International Energy Insurance Plc (INTENEGINS) lost 4.48 percent (₦2.90 to ₦2.77).
Unchanged Stocks
Stocks that closed flat include International Breweries Plc, Royal Exchange Plc, Eterna Plc, Sterling Financial Holdings Plc (STERLINGNG), and VFD Group Plc.
Market Outlook
The positive close heading into the weekend underscores sustained investor appetite for fundamentally strong equities. Analysts attribute the week-long uptrend to renewed domestic participation and improving liquidity conditions in the fixed-income market.
With Q3 earnings season in full swing, investors are likely to maintain selective buying into next week, particularly across the industrial, banking, and consumer goods sectors where solid earnings are boosting confidence.
Ogochukwu Onwaeze
