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:
Chellarams Plc came in 2nd with a 54.76% monthly gain. The stock started at N10.50, traded 4.19 million shares, and closed at N16.25.
Apart from a flat first week, it recorded strong gains in the second, third, and fourth weeks, with the second week’s 26.67% surge leading the charge.
September was the company’s second-best month of 2025 after January’s 76.49% surge.
Quarter-to-date, the stock rose 70.51% in Q3 and is up 339.19% year-to-date.
