Market Close Summary – September 18, 2025
The Nigerian equities market finished Thursday’s session with a modest gain, as the All-Share Index (ASI) rose by 0.16% to close at 142,036.25 points. This keeps the year-to-date performance strong at +37.88%.
Despite the positive close, market activity slowed sharply. Total turnover plunged by nearly 79%, with just ₦3.53 billion worth of shares traded, compared to almost ₦17 billion in the previous session. The volume of shares exchanged also fell to 154 million units, a big drop from nearly one billion shares traded the day before.
However, the day’s breadth leaned positive. A total of 33 stocks gained, while 23 declined, giving the session a healthy breadth ratio of 1.43x. This indicates that even though trading activity was lower, more stocks advanced than declined.
Key Highlights
• Market Breadth: Positive, as gainers outnumbered losers.
• Turnover: Fell significantly, suggesting traders and investors may be cautious after recent rallies.
• Momentum: Buying interest was seen in select counters, particularly mid- and small-cap names, even though overall liquidity was weak.
Top Gainers
• Guinness Nigeria Plc led the charge, rallying by the maximum allowed +10% to close at ₦176.00. The stock has been a standout performer this year, already up more than 150% year-to-date.
• Lotus Halal Equity ETF also gained +10%, ending the day at ₦66.00.
• Other strong performers included Eunisell (+9.89%), Regency Alliance Insurance (+9.82%), and Thomas Wyatt (+9.80%).
Top Losers
On the flip side, selling pressure weighed on some names:
• Consolidated Hallmark Insurance (CONHALLPLC) declined by -7.59%, closing at ₦4.02.
• The Initiates Plc (TIP) dropped -7.48% to end at ₦12.00.
• Other laggards included NewGold ETF (-6.88%), Sovereign Trust Insurance (-6.21%), and Omatek (-5.17%).
Investor Takeaway
The market managed to stay in positive territory despite a sharp fall in trading activity. This shows continued investor interest, particularly in select growth and momentum stocks such as Guinness and Eunisell. However, the steep decline in turnover could be a caution flag, suggesting that big institutional players may be waiting for clearer signals before committing fresh capital.
For now, retail activity is helping to sustain momentum, but investors should watch whether low liquidity persists in the coming sessions, as this could influence short-term price movements.
The Nigerian equities market finished Thursday’s session with a modest gain, as the All-Share Index (ASI) rose by 0.16% to close at 142,036.25 points. This keeps the year-to-date performance strong at +37.88%.
Despite the positive close, market activity slowed sharply. Total turnover plunged by nearly 79%, with just ₦3.53 billion worth of shares traded, compared to almost ₦17 billion in the previous session. The volume of shares exchanged also fell to 154 million units, a big drop from nearly one billion shares traded the day before.
However, the day’s breadth leaned positive. A total of 33 stocks gained, while 23 declined, giving the session a healthy breadth ratio of 1.43x. This indicates that even though trading activity was lower, more stocks advanced than declined.
Key Highlights
• Market Breadth: Positive, as gainers outnumbered losers.
• Turnover: Fell significantly, suggesting traders and investors may be cautious after recent rallies.
• Momentum: Buying interest was seen in select counters, particularly mid- and small-cap names, even though overall liquidity was weak.
Top Gainers
• Guinness Nigeria Plc led the charge, rallying by the maximum allowed +10% to close at ₦176.00. The stock has been a standout performer this year, already up more than 150% year-to-date.
• Lotus Halal Equity ETF also gained +10%, ending the day at ₦66.00.
• Other strong performers included Eunisell (+9.89%), Regency Alliance Insurance (+9.82%), and Thomas Wyatt (+9.80%).
Top Losers
On the flip side, selling pressure weighed on some names:
• Consolidated Hallmark Insurance (CONHALLPLC) declined by -7.59%, closing at ₦4.02.
• The Initiates Plc (TIP) dropped -7.48% to end at ₦12.00.
• Other laggards included NewGold ETF (-6.88%), Sovereign Trust Insurance (-6.21%), and Omatek (-5.17%).
Investor Takeaway
The market managed to stay in positive territory despite a sharp fall in trading activity. This shows continued investor interest, particularly in select growth and momentum stocks such as Guinness and Eunisell. However, the steep decline in turnover could be a caution flag, suggesting that big institutional players may be waiting for clearer signals before committing fresh capital.
For now, retail activity is helping to sustain momentum, but investors should watch whether low liquidity persists in the coming sessions, as this could influence short-term price movements.