The Nigerian stock market closed October 2025 on a strong note, rising 8% and extending the bullish streak that began in April.
Tracked by the NGX All-Share Index, the market opened the month at 142,713.1 points and closed at 154,126.4 points, with more than 12 billion shares traded as investor activity remained vibrant.
This strong performance makes October the second-best month of 2025 so far, coming just behind the solid 16.57% rally recorded in July.
That brings its year-to-date gain to an impressive 49.74%, with the second half of the year already contributing 28.46%.
The market’s momentum was likely driven by broad gains across NGX-listed stocks, as strong third-quarter results likely strengthened positive investor sentiment.
Here are the top ten best-performing stocks that rewarded investors in October 2025.
MTN Nigeria ranked sixth, rewarding investors with a 22.96% return in October.
The telecom giant’s share price climbed from N425 to N520, closing every week higher, with more than 59 million shares traded. The biggest moves came in the second (10.82%) and fourth weeks (8.56%).
- MTN reported a pretax profit of N1.12 trillion for the nine months to September 2025, reversing a loss of N713.6 billion a year earlier.
- Revenue reached N3.73 trillion, with data services contributing 53% (N1.97 trillion).
So far this year, the stock has risen 160.05%.
