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The Nigerian equity market closed trading activities for today on a positive note, as key market performance indicators (the NGX-ASI and Market Capitalization) both recorded a 0.31% gain. Continuing on the trajectory of the previous session, the market experienced sustained bargain hunting and buying interest, even as investors continued to trade cautiously in some mid-cap and blue chip stocks, across major market sectors. Consequently, the market index (All-Share Index) added 517.99 basis points in today’s trading session, reflecting a 0.31% increase to close at 165,901.57 while Market Capitalization also gained ₦332.51 billion, representing a growth of 0.31%, settling at ₦106.50 trillion.
That said, the Total Volume of trades declined by -6.82% while the Total Value traded, on the other hand, increased by +30.39%. Approximately 710.73 million units valued at ₦24,003.74 million were transacted across 45,500 deals. As regards volume, GTCO generated 9.00% to emerge the most traded, followed by CHAMS (7.61%), CUSTODIAN (6.81%), UNIVINSURE (4.92%), and ZENITHBANK with 4.84%. On value traded, GTCO generated 26.85% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, AUSTINLAZ, UNIONDICON, ZICHIS, and IMG led by generating +10.00% each, then trailed by RTBRISCOE (+9.95%), MORISON (+9.93%), UNIVINSURE (+9.85%), TIP (+9.76%), ABBEYBDS (+9.71%), and twenty-six others. A total of thirty-three (33) stocks depreciated. With a price depreciation of -10.00% each, both CUTIX and OMATEK topped the worst performers’ chart, followed by SUNUASSUR (-9.94%), DEAPCAP (-9.93%), CHAMS (-9.90%), ELLAHLAKES (-6.67%), and MBENEFIT (-6.25%). Hence, the market breadth closed on a positive note as there were 35 gainers and 33 losers.
Lastly, the market sectoral performance was negative today as three of the five major market sectors declined. The Insurance sector declined by -1.32%, followed by the Consumer goods sector (-0.23%), and the Oil & Gas sector (-0.17%). The Banking sector and the Industrial goods sector appreciated by +1.32% and +0.69% respectively.
Following the recently rebased data released by NBS, the country’s GDP stood at 3.98% in Q3’2025, marking a 26bps decline from the 4.23% recorded in Q2 2025. However, on a year-on-year basis, the growth rate in the third quarter of the year reflects a 12bps improvement compared to the 3.86% posted in Q3, 2024. The country’s GDP growth during the period under review was supported by expansions in both the
Oil and Non-Oil sectors.
Non-Oil Sector Growth and Contribution Increases
The non-oil sector contributed 96.56% to total GDP in Q3 2025, an increase from 95.95% in Q2 2025, but lower than 96.62% recorded in Q3 2024. Conversely, the Oil sector’s contribution dropped by 15.19% to 3.44% in Q3 2025, down from 4.05% in the preceding quarter, despite improvement in crude oil production.
Furthermore, in terms of growth, the Oil sector dipped by 14.62% points, recording a growth rate of 5.84% in
Q3 2025, compared to 20.46% in Q2 2025, while the non-oil sector recorded real GDP growth of 3.91%, up by 0.27% points compared to 3.64% in Q2 2025.
The country’s crude oil production averaged 1.64mbpd in Q3, 2025, which was higher than the daily average crude oil production of 1.47mbpd
recorded in the same quarter of 2024, but 0.04mbpd lower than the Q2’2025 production volume of 1.64mbpd.
Agricultural Sector Growth Strengthened Despite Rising Insecurity
Agricultural sector posted a real growth rate of 3.79% in Q3 2025, an improvement of 97bps from 2.82%
growth recorded in Q2 2025. Also, the sector’s performance expanded by 1.23% points when compared to Q3 2024, when it grew by 2.55%. The growth in the sector can be attributed to the harvest season, as well as improved mechanization, Export restriction for some raw products and encouragement of local production further boosted the sector’s growth. In addition, the sector contribution to the GDP increased, stood at 31.21% in Q3 2025, which was 505bps higher than 26.17% recorded in Q2 2025.
