Stock Market Gains N786.3bn on Investors Demand for MTN Nigeria, Seplat Energy, Others

Kayode Tokede 

The stock market section of the Nigerian Exchange Limited (NGX) gained N786.3 billion to commence the  second trading week in October 2025 positive on investors’ demand for MTN Nigeria Communications Plc, Seplat  Energy Plc and 46 others.

Following a 3.53 per cent increase in MTN Nigeria, and 10 per cent growth in the stock price of Seplat Energy, the market capitalisation of listed companies on NGX gained N786.3 billion or 0.86 per cent to close at N91.922 trillion from N91.135 trillion the stock market opened for trading in the new week.

Also, the NGX All-Share Index advanced by 1,238.74basis points or 0.86 per cent to close at 144,822.78 basis points from 143,584.04basis points it closed for trading last week with the Year-to-Date(YtD) return climbed to 40.71per cent from the 39.50per cent recorded in prior week.

Sectorial performance revealed that the NGX Banking index gained  0.64 per cent to close at 1,536.38 basis points, while the NGX Insurance Index appreciated by  3.13 per cent to close at 1,250.72 basis points.

The NGX Consumer Index advanced by 0.12 per cent to close at 3,401.32 basis points as the NGX Oil & Gas leads other indices after gaining 3.34 per cent to close at 2,671.70 basis points. In addition, NGX Industrial Index inched up by 0.01 per cent to close at 5,078.03 basis points. 

The market sentiment was positive with 48 advancing and outnumbering 23 losers.

Mansard Insurance Plc, followed by Seplat Energy appreciated by 10 per cent each to close at N15.84 per  share and N5,917.20 per share, respectively. 

SFSREIT followed with a gain of 9.97per cent to close at N381.10, while Ellah Lakes rose by 9.97 per cent to close at N14.81 per share.

In addition, Chams Plc joined the top five gainers, when its stock price appreciated by 9.87per cent to close at N4.23 per share on NGX. 

On the other hand, International Energy Insurance led the losers’ chart by 8.42 per cent to close at N2.72, per share. McNichols followed with a decline of 3.20 per cent to close at N3.20, while Thomas Wyatt declined by 7.72per cent to close at N2.99per share.

Berger Paints depreciated by 6.80 per cent to close at N37, while ABC Transport declined by 5.81 per cent to close at N4.05, per share.

Meanwhile, the total volume traded increased by 194.37 per cent to 519.921 million units, valued at N14.457 billion, and exchanged in 35,490 deals. Transactions in the shares of Ellah Lakes led the activity with 80.067 million shares worth N1.185 billion. Chams Holding Company followed with an account of 30.213 million shares valued at N127.256 million, while Sterling Financial Holdings Company traded 24.743 million shares valued at N205.654 million.

Custodian Investment traded 21.826 million shares worth N903.740 million, while GTCO traded 20.057 million shares worth N1.968 million.

On market outlook for this week, analysts at United Capital Plc said, “the Nigerian equity market could sustain its bullish momentum on the backs of strong buy interest, positive earnings expectations, and the anticipated Financial Action Task Force (FATF) grey list exit.”