NGX Market Report For 7th October 2025

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TOP GAINERS

Company	Close	Change	Potential Reasons	Sector
CORNERST	6.65	0.6	Continued investor confidence following improved insurance sector performance and Q2 earnings.	Insurance
CONHALLPLC	4.37	0.38	Uptrend supported by increased demand in construction and engineering-related services.	Industrial Goods / Construction
CHAMS	4.62	0.39	Sustained momentum from fintech growth and digital ID adoption driving investor interest.	ICT / Technology
VFDGROUP	11.9	1	Positive investor sentiment from strong group performance and diversification across financial services.	Financial Services / Investment
INTENEGINS	2.96	0.24	Recovery after prior session losses as insurance sector sentiment improved.	Insurance
MANSARD	17	1.16	Buying pressure following strong financial results and robust insurance claims management.	Insurance
CADBURY	69.9	3.35	Strong rebound driven by renewed interest in consumer goods and improved sales outlook.	Consumer Goods
BERGER	38.85	1.85	Price recovery after earlier losses as investors reposition in industrial goods.	Industrial Goods
HONYFLOUR	23	0.8	Increased buying interest due to positive outlook in food processing and manufacturing.	Consumer Goods
CUTIX	3.83	0.13	Slight uptick reflecting stability and steady demand in cable manufacturing sector.	Industrial Goods / Manufacturing

 

 

Market Gainers Summary

The Nigerian Exchange (NGX) closed the session on a positive note, buoyed by strong performances across multiple sectors, particularly insurance, industrial goods, and consumer goods. The day’s rally was led by CADBURY, which advanced by ₦3.35 to close at ₦69.90, following renewed investor confidence in the consumer goods space and improved sales outlook. BERGER also gained ₦1.85 to close at ₦38.85 as investors took advantage of its earlier price dip, reflecting renewed optimism in the industrial sector.

Insurance counters dominated activity, with MANSARD, CORNERST, and INTENEGINS all recording price increases, driven by strong fundamentals and expectations of further sector consolidation. VFDGROUP rose by ₦1.00 to ₦11.90 amid sustained investor interest in its diversified financial services portfolio, while CHAMS extended its upward trajectory on the back of continued growth in fintech and digital ID operations.

In addition, HONYFLOUR and CUTIX recorded modest gains as demand for manufacturing and food processing stocks improved, while CONHALLPLC benefitted from renewed interest in construction-related companies.

Overall, the market sentiment remained bullish, supported by increased buying momentum in insurance and industrial counters, as investors positioned for potential quarter-end gains.

Top 5 Potential Stocks to Watch

1. CADBURY – The stock showed strong price appreciation on the back of renewed confidence in the consumer goods sector. Its upward momentum suggests continued interest driven by improved production efficiency and stronger sales forecasts.
2. MANSARD – Insurance sector performance remains robust, and Mansard’s consistent earnings growth positions it as a leading player with potential for sustained price gains.
3. VFDGROUP – The diversified investment group continues to attract institutional interest due to its expansion in financial services and strong earnings outlook.
4. BERGER – After rebounding from prior losses, Berger’s renewed demand highlights growing investor confidence in industrial and construction-related counters, supported by infrastructure spending.
5. CHAMS – Steady gains in the tech-driven ID and fintech solutions segment make Chams a promising growth stock in the ICT space, benefiting from digital adoption across Nigeria.

Top 5 Penny Stocks to Watch

1. CHAMS (₦4.62) – Continues to attract steady investor interest due to its involvement in fintech and digital ID solutions. Its sustained momentum signals potential for further upside in the short term.
2. CORNERST (₦6.65) – Strength in the insurance sector and consistent earnings growth make Cornerstone a promising low-priced stock for medium-term accumulation.
3. CUTIX (₦3.83) – Stable performance and resilient demand for cables in the industrial goods sector support potential gradual appreciation.
4. CONHALLPLC (₦4.37) – Renewed investor attention in construction and engineering services could sustain price momentum at its current affordable level.
5. INTENEGINS (₦2.96) – Modest recovery after recent declines shows renewed buying interest in smaller insurance counters, offering short-term rebound potential.

 

 

TOP LOSERS

Company	Close	Change	Potential Reasons	Sector
LIVINGTRUST	5.94	-0.66	Profit-taking following previous gains and mild correction in tier-2 banking stocks.	Banking / Financial Services
AUSTINLAZ	3.15	-0.34	Modest decline due to reduced investor demand in industrial services segment.	Industrial Goods
JULI	8.95	-0.95	Sell-off amid thin market liquidity and low investor participation in retail trade sector.	Consumer Services / Retail
LIVESTOCK	7.4	-0.6	Price drop on sector weakness and cautious trading following volatility in agro-stocks.	Agriculture
TANTALIZER	2.32	-0.16	Mild correction after short-term speculative activity in hospitality and QSR segment.	Consumer Services / Hospitality
FTNCOCOA	5.51	-0.34	Pullback linked to profit-taking after prior advances in agribusiness stocks.	Agriculture
NAHCO	107	-5.5	Significant dip following broad profit-taking after strong earlier gains in aviation logistics.	Transportation / Aviation Services
WAPIC	3.01	-0.15	Marginal loss reflecting general cooling in the insurance sector.	Insurance
NEIMETH	6.4	-0.3	Decline tied to weak investor sentiment in the pharmaceutical segment.	Healthcare / Pharmaceuticals
ROYALEX	2.16	-0.1	Slight decline amid low trading volume in the insurance counter.	Insurance

 

Market Losers Summary

The Nigerian Exchange (NGX) closed the session on a bearish note, as broad-based profit-taking weighed on several mid- and small-cap stocks. The session’s downturn was led by NAHCO, which declined by ₦5.50 to close at ₦107.00, following a wave of selling pressure after its recent rally in the aviation services space. JULI and LIVINGTRUST also recorded notable losses, dropping ₦0.95 and ₦0.66 respectively, as investors took profits off recent gains in retail trade and banking counters.

In the agriculture sector, LIVESTOCK and FTNCOCOA extended their losing streaks amid weak sentiment in agro-allied stocks. AUSTINLAZ also slipped, reflecting mild correction in industrial service firms. Similarly, NEIMETH shed ₦0.30 as cautious trading persisted in the healthcare segment.

Among the insurance counters, WAPIC and ROYALEX both recorded marginal declines, indicating cooling demand within the sector after previous positive sessions. TANTALIZER rounded off the list of decliners with a slight loss, as interest in consumer-facing hospitality stocks moderated.

Overall, the market tone was mildly bearish, driven largely by profit-taking across key sectors — notably aviation, banking, and agriculture — following a period of earlier advances.

 

Disclaimer: This analysis is based on historical data and is for informational purposes only. It is not financial advice. You should consult with a qualified financial advisor before making any investment decisions.