Weekly Market Wrap: Heavyweights carry ASI up 1.13% as bulls resurface in oil & fuel

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Weekly Market Wrap: Heavyweights carry ASI up 1.13% as bulls resurface in oil & fuel

September 13, 2025

The Nigerian All-Share Index closed the week ended September 12 on a constructive be aware, advancing by 1,565.68 factors to settle at 140,545.69, ending a four-week dropping streak.

This marks a 1.13% rise from 138,980.01 within the earlier session, supported by beneficial properties in LAFARGE, ARADEL, and choose FUGAZ banks that drove the rally.

Buying and selling exercise additionally picked up, as weekly market quantity jumped to three.19 billion shares, up from 3.11 billion the week earlier than.

Market capitalization mirrored this bullish momentum, including almost a trillion to shut at N88.92 trillion, in comparison with N87.93 trillion beforehand.

Market breadth additional highlighted the constructive sentiment:

A complete of 70 equities gained through the week, a big bounce from 19 within the prior week.
In the meantime, 22 equities misplaced worth, down sharply from 64, whereas 55 remained unchanged.

Market overview

The All-Share Index kicked off a bullish run after 4 consecutive weeks of losses, closing greater because it rebounded from the earlier week’s decline.

Momentum carried the market from a robust open on Monday via Thursday earlier than easing on Friday with a dip of 111.6 factors.

Key highlights

The NGX Premium Index gained 1.04%, supported by notable advances in LAFARGE (13.27%), ZENITH BANK (4.78%), UBA (4.17%), and ACCESSCORP (3.47%).
NGX 30 Index edged greater by 0.86%, whereas the NGX Fundamental Board Index outperformed with a stronger acquire of 1.15%.

Sectoral efficiency

Insurance coverage sector led the way in which, with the NGX Insurance coverage Index climbing 2.45% on robust beneficial properties in REGENCY ASSURANCE (27.69%) and AIICO INSURANCE (19.48%).
Oil and fuel names adopted intently, pushing the NGX Oil and Fuel Index up 2.38%, supported by a 6.6% bounce in ARADEL and a 1.80% carry in OANDO.
The NGX Banking Index superior 1.68%, supported by sub-5% beneficial properties in FUGAZ shares (ZENITHBANK, UBA, ACCESSCORP, and GTCO), whereas FCMB, FIDELITY, and WEMA BANK additionally posted modest will increase of lower than 3%.
The NGX Industrial Items Index rose 1.13%, pushed by a 13% rally in LAFARGE, whereas the NGX Client Items Index edged up 0.98% on the again of the same 13% acquire in CHAMPION BREWERY.

High gainers

Main the pack was E-TRANZACT INTERNATIONAL PLC, which soared 45.15% week-to-date, marking a standout efficiency. REGENCY ASSURANCE PLC adopted with a acquire of 27.69%.

Different main gainers included:

CHELLARAMS PLC: up 26.67% to N13.30

DAAR COMMUNICATIONS PLC: up 23.26% to N1.06

ROYAL EXCHANGE PLC: up 22.34% to N2.30

UNIVERSITY PRESS PLC: up 19.80% to N5.99

NCR (NIGERIA) PLC: up 19.69% to N15.20

AIICO INSURANCE PLC: up 19.48% to N4.17

CHAMS HOLDINGS COMPANY PLC: up 16.07% to N3.25

CHAMPION BREWERIES PLC: up 13.33% to N17.00

High Losers

On the flip facet, UNION DICON SALT PLC led the laggards, shedding 18.33% week-to-date. THOMAS WYATT NIG. PLC adopted with a 16.33% drop.

Different notable decliners had been:

SECURE ELECTRONIC TECHNOLOGY PLC: down 10.42% to N0.86

NIGERIAN ENAMELWARE PLC: down 10.00% to N35.10

MAY & BAKER NIGERIA PLC: down 9.97% to N16.25

NEM INSURANCE PLC: down 9.94% to N28.10

ETERNA PLC: down 9.36% to N31.00

ACADEMY PRESS PLC: down 7.33% to N8.85

TRANSNATIONAL CORPORATION PLC: down 7.24% to N46.10

CONSOLIDATED HALLMARK HOLDINGS PLC: down 6.62% to N4.09

Company actions overview

The week featured a number of notable company bulletins and sector-wide developments:

UBA prolonged the applying interval for its N157 billion rights difficulty to September 19.
Shareholders of C & I Leasing authorised a ten kobo dividend alongside recent funding plans on the firm’s AGM.
At Sovereign Belief Insurance coverage, the previous Chairman and two administrators offered shares valued at over N2 billion.
TotalEnergies, Geregu, and AIICO launched their forecasts for the 2025 monetary 12 months.

Market outlook

The bullish momentum within the All-Share Index snapped a four-week dropping streak, signaling renewed energy in choose shares.

Sustained shopping for curiosity within the large FUGAZ banks, coupled with recent momentum in oil and fuel counters, will likely be important for the index to push greater.