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:
Eunisell Interlinked Plc occupies the second spot with a 205.02% gain in the third quarter of 2025.
The engineering and technology solutions firm started the quarter at N12.95, traded 14.4 million shares, and closed at N39.50.
July was the strongest month so far, with a 62.16% gain, followed by continued positive momentum in August.
Bullish sentiment intensified in September, driving the stock above N39 and cementing its third-quarter performance.
For the year ended June 30, 2025, Eunisell reported a pretax profit of N235.8 million, up 79.28% from N131.5 million in 2024. This growth was supported by nearly doubling revenues to N1.41 billion.
Year-to-date, the stock is up over 104%, despite a 44% decline in the first quarter that trimmed some early gains.
