Nigerian Equities Market Rises 0.75% on Renewed Investor Confidence

The Nigerian Stock Exchange (NGX) continued its bullish momentum on October 24, 2025, as the All-Share Index (ASI) rose by 0.75%, reflecting investor confidence amid expectations of improved corporate earnings and steady macroeconomic indicators. Key market indicators showed a positive trend, with 34 gainers against 25 losers.

Notable stock movements included ASO Savings and Loans Plc, Ikeja Hotel Plc (NGX: IKEJAHOTEL), and Regency Alliance Insurance Plc (NGX: REGALINS) posting significant gains, while Union Dicon Salt Plc (NGX: UNIONDICON) and Neimeth International Pharmaceuticals Plc (NGX: NEIMETH) experienced declines. Analysts attribute the market's uptrend to renewed domestic participation, improved liquidity conditions, and ongoing Q3 earnings season.