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Reading: Nigerian Stocks Surge 1.13 Percent On Heavyweight Gains
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Business

Nigerian Stocks Surge 1.13 Percent On Heavyweight Gains

Ogungbayi Feyisola Faesol
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Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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Published: 2025/12/20
2 Min Read
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The Nigerian All-Share Index (ASI) rose 1.13 percent to close at 152,057.4 points on December 19, 2025. Strong performances from heavyweight stocks drove the rally on the Nigerian Exchange Limited (NGX).

Okay News reports that gains in BUA Foods and BUA Cement led the advance. The benchmark index climbed 1,694.4 points from the previous close of 150,363.1.

Market activity increased significantly. Trading volume reached 1.5 billion shares, up from 839 million in the prior session.

Total equity market capitalisation stood at N96.9 trillion across 25,667 deals. It approached the N97 trillion milestone.

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UNIONDICON topped gainers with a 10 percent rise to N6.60. AUSTINLAZ also gained 10 percent to N2.42.

SOVRENINS led decliners, falling 7.42 percent to N3.87. ROYALEX dropped 6.84 percent to N1.77.

NEIMETH dominated volume with 500.9 million shares traded. STERLINGNG followed at 278.7 million.

By value, NEIMETH led with N3.0 billion. CHAMPION recorded N2.5 billion in trades.

Among tier-one stocks, BUA Foods rose 6.02 percent and BUA Cement added 4.94 percent. Dangote Cement declined 0.8 percent.

Banking heavyweights showed mixed results. FIRSTHOLDCO gained 5.39 percent, while UBA fell 3.85 percent.

Year-to-date performance reached 47.73 percent. The index now sits above 152,000 points.

Analysts anticipate sustained bullish momentum. Improved participation could push toward 155,000 points.

This session reflects renewed investor confidence in large-cap stocks. It supports positive sentiment amid Nigeria’s ongoing economic reforms.

The rally underscores resilience in the domestic equity market despite global volatility.

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TAGGED:All-Share IndexNigerian ExchangeStock Market
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