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:
Regency Alliance Insurance Plc takes the fourth spot with a 150% jump in the third quarter of 2025. Shares opened Q3 at N0.64, with 1.1 billion traded, and closed at N1.60.
After a mild start in July, the stock surged in August with a 63.75% gain, followed by a solid 22.14% increase in September, maintaining positive momentum throughout the quarter.
Looking ahead, Regency’s Q3 2025 forecast projects a pretax profit of N1.06 billion on revenue of N5.8 billion, a target that could sustain investor optimism and support continued bullish sentiment.
Year-to-date, the stock is up 104%, marking it as one of the notable performers in the insurance sector so far this year.
