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:
Brewing giant Guinness Nigeria Plc secured 5th place with a 41.46% gain in September. The stock rose from N130 to N183.90, with 18.9 million shares traded.
Its biggest move came in the third week, soaring 28.60% and breaking above N180.
Financially, Guinness reported a pretax profit of N27.9 billion for the year ended June 30, 2025, a sharp rebound from a N73.6 billion loss in 2024.
Revenue climbed 65.82% to N496.6 billion, while finance expenses dropped significantly.
- The turnaround reflects operational restructuring following Tolaram Group’s 58.02% acquisition from Diageo.
The stock recorded 108.98% gain in Q3 and is up 161% year-to-date.
