The Nigerian equities market sustained its upward trajectory in October, delivering remarkable returns to investors as total market capitalization rose by ₦7.25 trillion to close the month at ₦97.83 trillion. This marks one of the strongest monthly performances for the Nigerian Exchange Limited (NGX) in recent years.
According to market data, the figure represents a sharp increase from ₦90.58 trillion recorded at the end of September, reflecting improved investor confidence, solid corporate earnings, and renewed participation from both domestic and institutional investors.
The NGX All-Share Index (ASI) also posted strong gains, driven by robust performances across key sectors including banking, telecommunications, oil and gas, and industrial goods. Analysts note that the rally was underpinned by favorable macroeconomic indicators, improved foreign exchange liquidity, and sustained reforms aimed at boosting investor sentiment.
Market watchers believe the ₦7.25 trillion gain signals the growing resilience of Nigeria’s capital market amid global economic uncertainty. They also anticipate that the bullish trend could extend into the final months of the year, as investors position themselves for further upside in blue-chip stocks.
Despite the optimism, experts caution that potential risks such as inflationary pressures, interest rate adjustments, and fluctuations in global oil prices could trigger short-term corrections.
Nonetheless, the strong October performance underscores Nigeria’s stock market recovery momentum, reinforcing the NGX’s standing as one of Africa’s most dynamic exchanges in 2025. Visit www.jocomms.com for more news.
