By Peter.
The Nigerian Exchange Limited (NGX) extended its bullish momentum last week (ending December 12, 2025), with investors pocketing over N1.54 trillion in gains amid renewed bargain hunting in blue-chips. The All-Share Index (ASI) climbed 1.63% week-on-week to close at 149,433.26 points, while market capitalization surged to N95.26 trillion from N93.72 trillion—reversing November’s weakness and pushing year-to-date returns to 45.18%.
Top Gainers Driving the Rally
Buy interest resurfaced in heavyweights:
- MTN Nigeria (MTNN): +13.0% (dominant driver; shares around ₦510 post-rally).
- Dangote Sugar: +11.2%.
- Guinness Nigeria: +10.0%.
- Nigerian Breweries (NB): +9.9%.
- Zenith Bank: +2.9%.
These lifts propelled sectoral gains: Insurance (+3.4%), Consumer Goods (+1.1%), Banking (+0.4%), Industrial Goods (+0.2%); only Oil & Gas dipped (-0.1%).
Market Activity Snapshot
- Volume: Down 33.9% (profit-taking caution).
- Value: Up 1.9% (higher-priced trades).
- Month-to-Date: +4.1%.
- Deals: Steady across 20,000+ sessions.
Analyst Outlook: Choppy Trading with Positive Bias
- Cordros Capital: “Expect choppy activity but positive bias—no major catalysts yet; watch earnings rotation.”
- InvestData Consulting: “Mixed-to-positive pattern likely; inflows into resilient consumer goods, telecoms, industrials, insurance—banking mild pressure on profit-taking/regulatory caution. Oil volatility external; domestic liquidity key driver.”
As 2025 winds down, the NGX eyes N100 trillion market cap milestone—buoyed by reforms, institutional buys, and dividend positioning.
Stay tuned for year-end rally potential!
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