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:
LivingTrust Mortgage Bank Plc took 4th spot with a 45% monthly gain despite the general weakness in financial services stocks.
Opening at N4.20, the stock traded over 14 million shares and closed September at N6.10.
Gains were concentrated in the final two weeks, with the price climbing from N5.25 to N6.10 in quick succession.
In H1 2025, the bank reported a pretax profit of N562.5 million, up from N423.6 million the year before, with interest income surging 72% to N3.02 billion.
However, Q3 as a whole was weak, down 10.44% due to steep July and August losses. Year-to-date, the stock is still up 39.04%.
