Equity Investors Pocket N1.54tn as Bull likely to extend into new week

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BY BONNY AMADI

The Nigerian equities market extended its December momentum last week ended December 12, 2025 riding on a fresh wave of optimism and stronger buying interest as investors positioned ahead of year-end flows.

The market’s mood was visibly upbeat, with confidence deepening and the seasonal effect firmly taking hold across major blue-chip and mid-tier names.

By the close of the week, the benchmark All-Share Index (ASI) advanced by 1.63 per cent to settle at 149,433.25 points, inching closer to the symbolic 150,000 threshold as sentiment turned broadly constructive.

Market capitalization moved in tandem, rising by 1.64 per cent to N95.26 trillion, translating to N1.54 trillion in gains for equity holders over the five-day trading window.

The registered growth pushed the year-to-date return to an impressive 45.18 per cent, supported by a positive market breadth of 49 gainers against 41 laggards.

Trading activity, however, told a more measured story. The market shifted away from the high-volume speculative burst seen earlier, tilting instead toward more deliberate, value-driven accumulation.

As a result, weekly volume slipped by 33.91% to 4.37 billion units, while turnover value declined by 13.66% to N97.87 billion from 6.62 billion units and N113.35 billion previously.

Despite the softer activity, total trades held steady, inching up by 1.08% to 110,866 deals compared with last week’s 109,680.

Sectoral performance presented a mixed picture. Three indices finished in the green and three closed lower. The NGX Insurance index outperformed the pack, climbing 3.40%, while Consumer Goods followed with a 2.64% gain.

The Industrial Goods index made a mild advance of 0.23%. On the flip side, the NGX Commodity index led the decline with a 0.49% drop, while the Oil & Gas and Banking indices edged lower by 0.13% and 0.12% respectively.

Among individual stocks, MORISON led the charge with a standout 32.5% weekly gain, followed by MECURE at 27.3%, JAPAULGOLD at 26.7%, SOVRENINS at 17.2%, and PZ Cussons at 16.2%, reflecting heightened investor interest driven by perceived upside potential. Meanwhile, Eterna Plc emerged as the worst performer, shedding 14.9% week-on-week.