October 20, (THEWILL) — The Nigerian equities market closed higher on Monday, October 20, 2025, as renewed buying interest in select blue-chip stocks lifted the benchmark index despite a balanced market breadth.
The All-Share Index (ASI) gained 0.65 percent to close at 149,940.81 points, up from 148,977.64 points, while the market capitalisation increased to N95.17 trillion from N94.56 trillion.
Market Breadth
The market ended on a flat note, with 30 gainers and 30 losers, reflecting mixed sentiment among investors. Trading activity was largely driven by interest in fundamentally strong and dividend-paying stocks.
Top Gainers
- UNIONDICON: up 10.00% (N8.00 → N8.80)
- EUNISELL: up 9.92% (N48.40 → N53.20)
- SOVRENINS: up 6.44% (N3.57 → N3.80)
- BUA Cement: up 6.25% (N160.00 → N170.00)
- ENAMELWARE: up 6.07% (N42.45 → N45.00)
Top Losers
- JULI: down 9.94% (N8.95 → N8.06)
- THOMASWY: down 9.63% (N3.01 → N2.72)
- DAARCOM: down 7.14% (N1.21 → N1.04)
- UNIVINSURE: down 5.00% (N1.20 → N1.14)
- ROYALEX: down 4.17% (N2.40 → N2.30)
Unchanged Stocks
Dangote Cement, SEPLAT Energy, Okomu Oil Palm, John Holt, and Julius Berger maintained their previous day’s prices.
Market Outlook
Analysts noted that Monday’s performance reflected cautious optimism, as gains in large-cap stocks helped offset losses in mid- and small-cap counters.
Looking ahead, market direction is expected to remain guided by corporate earnings, macroeconomic indicators, and global developments.
While bargain hunters may continue to take positions in fundamentally sound equities, overall sentiment is likely to remain cautious.
Ogochukwu Onwaeze
