We specialize in assisting a diverse clientele base, which includes: Government Agencies, High Net worth Individuals, Multi – Nationals, Insurance Companies and Small savers. ASL manages such funds to achieve a maximum return with a minimum risk through efficient portfolio diversification.
The Nigerian equity market closed the week on a positive note, as key performance indicators showed mixed outcomes. The NGX-ASI increased by 0.08%, while the Market Capitalization gained 0.09%. The mixed performances of these indicators can be attributed to the additional listing of Fidson Healthcare Plc’s 105,003,725 Ordinary Shares of 50 Kobo Each Under its Employee Share Scheme, as well as the listing of Chapel Hill Denham Management Limited’s Series 5 Nigeria Real Estate Investment Trust (NREIT) of 68,158,000 Units of N100.00 Each at N103.00 Per Unit under its N400 Billion Issuance Programme. Specifically, the market index (All-Share Index) added 161 basis points in today’s trading session, reflecting a 0.08% increase to close at 196,968.15. Likewise, Market Capitalization gained ₦119.03 billion, representing a growth of 0.09%, settling at ₦126.44 trillion. Hence, the overall market posted a bullish performance on a w/w basis. NGX-ASI gained +2.15%, while investors’ wealth also increased by approximately ₦2.7 trillion.
That said, the Total Volume of trades declined by -7.55% while the Total Value traded, on the other hand, increased by +5.27%. Approximately 586.16 million units valued at ₦30,641.65 million were transacted across 62,699 deals. As regards volume, FIRSTHOLDCO generated 7.53% to emerge the most traded, followed by ACCESSCORP (7.41%), ZENITHBANK (6.86%), GTCO (6.67%), and JAIZBANK with 5.40%. On value trade, GTCO generated 15.11% of the total value of trade, thereby making it the highest traded on the exchange.
Meanwhile, on the best performers’ chart, ETERNA led by generating +10.00%, then trailed by PREMPAINTS (+9.77%), UNIONDICON (+9.70%), FTGINSURE (+9.56%), JOHNHOLT (+9.25%), TANTALIZER (+8.41%), and twenty-nine others. A total of thirty-three (33) stocks depreciated. With a price depreciation of -10.00%, RTBRISCOE topped the worst performers’ chart, followed by SCOA (-9.96%), ABCTRANS (-9.96%), MECURE (-9.96%), BERGER (-9.93%), and MULTIVERSE (-9.78%). Hence, the market breadth closed on a positive note as there were 35 gainers and 33 losers.
Finally, the market sectoral performance was negative today as three of the five major market sectors declined. The Insurance sector declined by -0.61%, followed by the Consumer goods sector (-0.56%), and the Banking sector (-0.11%). The Industrial goods sector and the Oil & Gas sector increased by +1.20% and +0.19% 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.
