The Nigerian Exchange closed October 2025 with a strong 8% surge, marking its second-best month of the year so far.
The Nigerian Exchange (NGX) capped October 2025 on a high note, advancing 8% as bullish sentiment persisted across most sectors.
The NGX All-Share Index climbed from 142,713.1 to 154,126.4 points, with over 12 billion shares traded, pushing the year-to-date return to 49.74%. Gains were fueled by upbeat Q3 earnings and investor rotation into top-performing sectors, led by industrial goods.
The Industrial Goods Index outperformed with a 17.50% return, driven by cement giants — Dangote Cement (+25.69%), BUA Cement (+12.50%), and Lafarge Africa (+11.91%) — supported by smaller gains from Berger Paints, Cutix, and CAP. The Oil & Gas Index followed, rising 15.45%, its best month in 2025, on strong rallies from Aradel Holdings (+27.15%) and Seplat Energy (+10%).
Consumer Goods extended their seven-month rally, gaining 4.85%, anchored by BUA Foods (+9.97%) and PZ Cussons (+20.29%).
The Insurance Index rose 3.37%, led by Sovereign Trust Insurance (+30%) and AIICO (+11.71%).
However, the Banking Index slipped 3.15%, dragged by tier-one bank losses, despite mid-tier gains from Wema Bank, Ecobank, and Stanbic IBTC. Overall, October reaffirmed the NGX’s strong momentum amid resilient investor confidence.
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