November 6, 2025/InvestmentOne Report
The Nigerian equities market advanced by 8.00% MoM in October 2025 to close at 154,126.46 points, extending the prior month s gains on the back of robust Q3:2025 corporate earnings releases. The positive momentum was primarily driven by gains in DANGCEM (+4,221.74pts), MTNN (+3,629.75pts), BUAFOODS (+2,076.01pts), BUACEMENT (+1,243.86pts) and SEPLAT (+581.31pts) which outweighed the losses in ZENITHBANK (-274.30pts), GTCO (-184.40pts), UBA (-182.07pts), FIDELITYBK (-106.43pts) and ACCESSCORP (-78.34pts).
Although we anticipate pockets of profit taking amid year-end portfolio rebalancing activities, we expect the market to close on a positive note in November 2025. Despite jitters stemming from recent remarks by U.S. President Donald Trump, categorizing Nigeria as Country of Concern , the overall macroeconomic environment remains supportive of positive sentiment in the Nigerian equities market, hence driving our positive outlook.
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