Nigerian Stock Market Surges: ASI Climbs 485.2 Points, Dangote Cement Leads
The Nigerian stock market experienced a significant surge on October 9, 2025, with the All-Share Index (ASI) climbing by 485.2 points to close at 146,204.3 points. Dangote Cement dominated the value chart with trades worth N11 billion, while Fidelity Bank and Dangote Cement were the most actively traded stocks.
The market saw a decrease in trading volume, with 346.9 million shares traded compared to the previous day's 525.6 million. Despite this, market capitalization rose to N92.7 trillion across 24,691 deals. Eunisell and Caverton emerged as the top performers, each gaining 10.00%. However, FTNCOCOA and Tantalizer were the major laggards, declining by 6.67% and 3.35% respectively.
Analysts anticipate that the ASI will maintain its bullish momentum in the near term, building on its impressive year-to-date performance of 42.05%.
The Nigerian stock market's resilience and growth are evident in the ASI's recent gains. Despite fluctuations in trading volume, the market continues to show strength, with notable performances from both leading and lagging stocks. Investors are advised to stay informed about market trends and dynamics as the year progresses.
