The Nigerian stock market wrapped up September 2025 on a gentle upswing, gaining 1.72% for the month, accompanied by a rise in market capitalization to N90.5 trillion from N88.76 trillion.
Tracked by the All-Share Index, the market opened at 140,295.5 points and supported by a trading volume of 13.6 billion shares, closed at 142,710.5 points on September 30.
The month began slowly with a 0.94% decline in the first week, but momentum quickly returned as the following weeks stayed positive, with the second week delivering the strongest performance.
Despite the overall bullish tone, the market’s advance was restrained by weakness in the financial services sector.
- The NGX Banking Index fell by 0.95% while the NGX Insurance Index dropped 7.21%.
Still, several Nigerian stocks posted gains during the month, adding to investor returns and lifting the year-to-date performance to 38.65%.
Here are the top 10:
Multiverse Mining and Exploration claimed 9th place with a 27.52% gain in September. The stock started at N10.90 and, with 5.7 million shares traded, ended the month at N13.90.
The bulk of the rally came in the third week, up 21.30%, building on a 5% lift from the first week.
- Momentum was likely fueled by an August announcement that the company had secured regulatory approval to commence mining operations across 14 areas in Nigeria for Lead/Zinc ore.
- That news likely set the tone for September’s surge.
Quarter-to-date, the stock jumped 58.86% in Q3 and has soared 89.12% year-to-date.
