In the third quarter of 2025, the Nigerian stock market put on a strong show, with the All-Share Index returning 18.95% to investors.
The index opened the quarter at 119,980.4 points and gained 22,731.9 points to close at 142,710.5.
This was the market’s best quarter of the year so far, and the third strongest since 2020, behind only the 39.84% rally of January 2024 and the 50.05% surge in October 2020.
Although every month ended in the green, July carried most of the weight, driving a strong 16.57% gain as sectors across the board rallied.
- By performance, the NGX Insurance Index led with a 57.65% surge in Q3, followed by Industrial Goods at 39.32%.
- Consumer Goods climbed 27.89%, Banking advanced 18.25%, while Oil and Gas closed with a modest 3.51% gain.
With the broader market on a roll, the spotlight now turns to the top 10 stocks that fueled the rally.
Here they are:
Sovereign Trust Insurance Plc takes the 6th spot with a 123.88% gain in Q3, driven by strong investor confidence and positive sector momentum.
The quarter opened with shares at N1.34, trading 2.29 billion shares, and closed at N3.00.
In July, the stock gained early traction, breaking through N1.80 before momentum accelerated in August, which became the standout month with a 37.57% jump.
September added a milder increase, bringing the stock to the N3.00 mark and rounding off a solid quarter.
- In its H1 2025 financials, insurance revenue rose 45% to N34 billion, while pretax profit grew 36% to N1.5 billion.
These strong fundamentals, combined with favorable market sentiment, likely attracted investors throughout the quarter.
By the end of Q3, the stock had gained over 145% year-to-date.
