Nigerian Equities Market Update – 24th September 2025
The Nigerian equities market closed lower again, as the NGX All-Share Index (NGXASI) slipped by 0.15% to end the day at 140,716.10 points, compared to the previous close of 140,929.60 points. Despite this decline, the market has still managed to maintain a strong Year-to-Date (YTD) return of 36.38%.
Trading activity slowed down significantly during the session. The volume of shares traded dropped by nearly 50%, from 759.05 million units to 381.40 million units. Similarly, the market turnover fell by 40.92%, moving from ₦25.72 billion in the previous session to ₦15.20 billion, across 20,330 deals.
Market breadth tilted negative, with 31 stocks declining against 26 advancers, signaling that sellers had the upper hand. Out of the companies traded, volume increased in 65 of them, while 72 saw reduced activity.
Top Performing Stocks
Among the best performers of the day, Dangote Sugar Refinery Plc (DANGSUGAR) stood out, closing at ₦59.40 after a 10% gain. Close behind was the Lotus Halal Equity ETF (LOTUSHAL15), which climbed by 9.99% to finish at ₦75.87.
Other notable gainers included:
• Mecure Industries Plc, which appreciated by 9.95% to close at ₦23.75.
• Cornerstone Insurance Plc, gaining 8% to end the day at ₦6.48.
• NSL Technologies Plc, also up by 8%, closing at ₦0.81.
These movements show that while the broader market was weak, select equities and ETFs still attracted strong investor demand.
Worst Performing Stocks
On the flip side, the losers’ chart was led by Deap Capital Management & Trust Plc (DEAPCAP), which fell by 9.42%, closing at ₦1.73. This was followed closely by Legend Internet Plc (LEGENDINT), which lost 9.26% to settle at ₦4.90.
Other significant losers were:
• Wapic Insurance Plc, which shed 8.75% to close at ₦2.92.
• Vetiva Industrial ETF (VETINDETF), which slipped by 8.16% to end at ₦45.00.
• RT Briscoe Plc, also declining by 8.16%, to finish at ₦3.60.
The breadth of losses across insurance, ETFs, and industrials underlined the selling pressure cutting across multiple sectors.
Broader Market Performance Trends
Looking at performance over the last five trading days, the Lotus Halal Equity ETF emerged as a strong outperformer, with a 5-day gain of 11.57% and a year-to-date surge of 152.90%. Other strong names included Chellarams Plc (+11.30% over 5 days, +339.19% YTD) and Custodian Investment Plc (+9.40% over 5 days, +182.46% YTD).
However, the biggest laggards over the same 5-day window were SIAML ETF 40 (-13.82%), Legend Internet Plc (-12.66%), and Guinea Insurance Plc (-11.66%), showing how volatility continues to weigh on some niche and lower-cap counters.
✅ Key Takeaway for Investors:
The NGX remains in positive territory for 2025 with strong YTD returns, but the short-term trend is showing weakness with consecutive declines and reduced trading activity. While blue-chip and select growth stocks like Dangote Sugar, Lotus Halal ETF, and Zenith Bank continue to perform well, investors should stay cautious, as market breadth is negative and profit-taking is evident in many small-cap and speculative plays.
The Nigerian equities market closed lower again, as the NGX All-Share Index (NGXASI) slipped by 0.15% to end the day at 140,716.10 points, compared to the previous close of 140,929.60 points. Despite this decline, the market has still managed to maintain a strong Year-to-Date (YTD) return of 36.38%.
Trading activity slowed down significantly during the session. The volume of shares traded dropped by nearly 50%, from 759.05 million units to 381.40 million units. Similarly, the market turnover fell by 40.92%, moving from ₦25.72 billion in the previous session to ₦15.20 billion, across 20,330 deals.
Market breadth tilted negative, with 31 stocks declining against 26 advancers, signaling that sellers had the upper hand. Out of the companies traded, volume increased in 65 of them, while 72 saw reduced activity.
Top Performing Stocks
Among the best performers of the day, Dangote Sugar Refinery Plc (DANGSUGAR) stood out, closing at ₦59.40 after a 10% gain. Close behind was the Lotus Halal Equity ETF (LOTUSHAL15), which climbed by 9.99% to finish at ₦75.87.
Other notable gainers included:
• Mecure Industries Plc, which appreciated by 9.95% to close at ₦23.75.
• Cornerstone Insurance Plc, gaining 8% to end the day at ₦6.48.
• NSL Technologies Plc, also up by 8%, closing at ₦0.81.
These movements show that while the broader market was weak, select equities and ETFs still attracted strong investor demand.
Worst Performing Stocks
On the flip side, the losers’ chart was led by Deap Capital Management & Trust Plc (DEAPCAP), which fell by 9.42%, closing at ₦1.73. This was followed closely by Legend Internet Plc (LEGENDINT), which lost 9.26% to settle at ₦4.90.
Other significant losers were:
• Wapic Insurance Plc, which shed 8.75% to close at ₦2.92.
• Vetiva Industrial ETF (VETINDETF), which slipped by 8.16% to end at ₦45.00.
• RT Briscoe Plc, also declining by 8.16%, to finish at ₦3.60.
The breadth of losses across insurance, ETFs, and industrials underlined the selling pressure cutting across multiple sectors.
Broader Market Performance Trends
Looking at performance over the last five trading days, the Lotus Halal Equity ETF emerged as a strong outperformer, with a 5-day gain of 11.57% and a year-to-date surge of 152.90%. Other strong names included Chellarams Plc (+11.30% over 5 days, +339.19% YTD) and Custodian Investment Plc (+9.40% over 5 days, +182.46% YTD).
However, the biggest laggards over the same 5-day window were SIAML ETF 40 (-13.82%), Legend Internet Plc (-12.66%), and Guinea Insurance Plc (-11.66%), showing how volatility continues to weigh on some niche and lower-cap counters.
✅ Key Takeaway for Investors:
The NGX remains in positive territory for 2025 with strong YTD returns, but the short-term trend is showing weakness with consecutive declines and reduced trading activity. While blue-chip and select growth stocks like Dangote Sugar, Lotus Halal ETF, and Zenith Bank continue to perform well, investors should stay cautious, as market breadth is negative and profit-taking is evident in many small-cap and speculative plays.