Nigerian Equities Market Rises by 0.49% on Selective Buying and Positive Sentiment
The Nigerian equities market, as represented by the Nigerian Exchange Limited (NGX), recorded a 0.49% increase on October 23, 2025, with renewed interest in medium and large-cap stocks. Market capitalization gained 480 billion naira, reaching 98.07 trillion naira.
Investor sentiment was cautiously optimistic, focusing on strong earnings prospects and solid fundamentals of stocks like Custodian Investment Plc, Conoil Plc, BUA Food Plc, Lafarge Africa Plc, and Nigerian Breweries. Analysts predict a mildly bullish outlook in the near term, driven by positive market sentiment and favorable corporate earnings.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Equities Market Rises 0.41% on Renewed Buying Interest
Nigerian Equities Market Surges 4.48% to Close Week Bullish
Nigerian Equities Market Gains N822 Billion as Investors Sustain Bullish Run
Nigerian Equities Market Sees Positive Close Amid Investor Optimism
Nigerian Equities Market Closes Slightly Higher Amid Mixed Sentiment
Nigerian Equities Market Rises 0.75% on Renewed Investor Confidence
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
