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, and Regency Alliance Insurance Plc posting significant gains, while Union Dicon Salt Plc and Neimeth International Pharmaceuticals Plc experienced declines. Analysts attribute the market's uptrend to renewed domestic participation, improved liquidity conditions, and ongoing Q3 earnings season.