NGX Market Report For 9th October 2025

Maven Assets Management Limited is registered and regulated by the Securities and         Exchange Commission, Nigeria.

TOP GAINERS

Company	Close	Change	Potential Reasons	Sector
EUNISELL	44	4	Positive sentiment following strong quarterly performance and renewed investor confidence in mid-cap industrial firms	Industrial Goods
CAVERTON	6.93	0.63	Buying interest driven by expectations of new offshore logistics contracts and recovery in oil sector activities	Transportation / Oil Services
SUNUASSUR	5.77	0.52	Sustained demand amid improved earnings outlook and positive momentum in the insurance sector	Insurance
IMG	35.95	3	Strong rebound linked to increased investor accumulation and recent dividend-related sentiment	Conglomerates / Industrial
MECURE	28.4	2.3	Market optimism around healthcare sector growth and possible institutional interest	Healthcare / Pharmaceuticals
GUINEAINS	1.5	0.08	Renewed retail interest and sector-wide revaluation of low-priced insurance stocks	Insurance
UNIVINSURE	1.14	0.06	Gradual recovery supported by improved investor outlook in penny insurance equities	Insurance
DEAPCAP	1.74	0.09	Mild upward move from speculative trades and renewed confidence in small-cap financials	Financial Services
TIP	14.55	0.65	Uptrend supported by consistent trading volume and investor positioning ahead of expected results	ICT / Financial Technology
STERLINGNG	8.35	0.35	Gains from continued positive sentiment around the banking sector and stable earnings outlook	Banking

 

 

Market Summary — Top Gainers

The equities market witnessed strong bullish momentum, led by Eunisell, which topped the gainers’ chart with a notable ₦4.00 increase to close at ₦44.00. The surge was driven by positive investor sentiment following robust quarterly results and renewed interest in mid-cap industrial stocks.

IMG also recorded a significant uptick of ₦3.00, settling at ₦35.95, as investors positioned ahead of potential corporate announcements and dividend expectations. Mecure followed closely with a ₦2.30 gain, reflecting heightened optimism in the healthcare sector amid consistent demand from institutional investors.

Among the mid-tier performers, Caverton appreciated by ₦0.63 to ₦6.93, buoyed by renewed interest in oil logistics service providers. TIP advanced by ₦0.65, supported by consistent trading activity and expectations of improved results in the fintech space.

The insurance counters, including Sunu Assurances, Guinea Insurance, and Universal Insurance, continued to attract modest gains, reflecting sustained investor confidence in the sector’s gradual recovery. Meanwhile, SterlingNG and Deap Capital posted mild advances, contributing to the overall positive breadth of the market.

Overall, sentiment remained upbeat with gains spread across industrial, financial, and healthcare sectors, suggesting renewed buying interest in fundamentally strong and undervalued stocks.

 

Top 5 Potential Stocks to Watch

1. Eunisell Plc
 Eunisell emerged as the standout performer of the day, gaining ₦4.00 to close at ₦44.00. The stock’s sharp rise reflects renewed institutional interest and optimism over its improving fundamentals. With expectations of strong Q3 earnings and increased market liquidity in industrial goods, Eunisell remains a strong short- to medium-term pick.

2. IMG Plc
 IMG recorded a significant ₦3.00 increase to settle at ₦35.95. The consistent upward trend in recent sessions indicates steady accumulation by investors, possibly in anticipation of a dividend announcement or expansion news. The company’s resilient industrial base makes it an attractive option for investors seeking growth potential.

3. Mecure Industries Plc
 Mecure gained ₦2.30 to close at ₦28.40, signaling strong investor confidence in the healthcare sector. The company’s solid earnings outlook and increasing demand for pharmaceutical and medical products continue to attract both institutional and retail buyers.

4. Caverton Offshore Support Group Plc
 Caverton advanced by ₦0.63 to ₦6.93, buoyed by renewed investor optimism in the oil logistics and aviation service space. Stable oil prices and ongoing offshore activities have supported the firm’s positive momentum, making it one of the more attractive medium-term prospects in the energy support segment.

5. TIP Plc
 TIP added ₦0.65 to close at ₦14.55, reflecting growing market interest in fintech-related firms. The stock’s consistent performance suggests investor confidence in its earnings potential and expansion strategy within the financial technology ecosystem.

 

Top 5 Penny Stocks to Watch

1. Sunu Assurances Nigeria Plc (SUNUASSUR)
 Sunu Assurances rose by ₦0.52 to close at ₦5.77, reflecting renewed buying interest in the insurance sector. The stock continues to benefit from improving underwriting performance and growing investor confidence in low-priced financial equities. Its affordability and consistent activity make it one of the most promising penny insurance plays on the market.

2. Guinea Insurance Plc (GUINEAINS)
 Guinea Insurance inched up by ₦0.08 to close at ₦1.50. Although the price movement was modest, sustained investor attention in the micro-insurance space suggests a gradual accumulation pattern. The company’s restructuring and cost-control efforts may enhance long-term value for early entrants.

3. Universal Insurance Plc (UNIVINSURE)
 Universal Insurance added ₦0.06 to close at ₦1.14, maintaining a steady bullish tone among micro-cap financials. Its continuous upward trend over recent sessions indicates quiet accumulation by retail investors seeking short-term gains. The stock remains an appealing low-entry-value opportunity within the insurance segment.

4. Deap Capital Management & Trust Plc (DEAPCAP)
 Deap Capital gained ₦0.09 to close at ₦1.74, sustaining interest from speculative investors. The uptick reflects expectations of potential restructuring and improved financial outlook in the investment management space. The stock remains volatile but promising for short-term traders.

5. Chams Plc (CHAMS)
 Although not among the top gainers by margin today, Chams remains an active penny stock to watch given its consistent volume and fintech exposure. The company’s focus on digital ID and payment systems keeps it relevant among small-cap tech investors seeking speculative growth potential.

TOP LOSERS

Company	Close (₦)	Change (₦)	Potential Reasons	Sector
FTNCOCOA	5.6	-0.4	Mild profit-taking after previous sessions’ gains; market sentiment remains mixed due to commodity price fluctuations.	Agriculture / Consumer Goods
TANTALIZER	2.31	-0.08	Selling pressure as investors lock in short-term profits; low liquidity in small-cap consumer stocks.	Consumer Services (Quick Service Restaurants)
FIDELITYBK	20.5	-0.5	Slight correction after sustained rally; investors repositioning ahead of next financial results.	Banking
PZ Cussons	38.15	-0.85	Price decline amid general market weakness and concerns over input cost pressures.	Consumer Goods (FMCG)
VERITASKAP	2.06	-0.04	Light sell-offs in low-cap financials as traders shift focus to larger banking counters.	Financial Services
SOVRENINS	3.13	-0.06	Sector-wide cooling in insurance stocks after modest recent gains; low-volume adjustments.	Insurance
CWG	17.35	-0.3	Pullback due to investor profit-taking after strong tech stock rally earlier in the week.	ICT / Technology
CADBURY	69	-0.9	Minor correction following previous session highs; cautious trading amid moderate demand.	Consumer Goods (Beverages)
CUTIX	3.9	-0.05	Limited investor activity as market awaits new earnings catalyst in manufacturing sector.	Industrial Goods (Cables)
UNIONDICON	8	-0.1	Price softening due to weak volume and minimal fresh catalysts in the food processing space.	Agriculture / Consumer Goods

 

Market Summary — Top Losers

The equities market experienced mild bearish sentiment, with several mid- and small-cap stocks recording price declines driven by profit-taking and cautious trading activity.

FTN Cocoa Processors Plc led the losers’ chart with a ₦0.40 drop to close at ₦5.60. The decline was largely due to investor sell-offs after prior gains and fluctuating commodity market conditions. Despite its short-term pullback, FTN Cocoa remains active among speculative traders within the agriculture sector.

PZ Cussons Nigeria Plc followed, falling by ₦0.85 to ₦38.15 amid renewed concerns over rising production costs and consumer demand pressures in the FMCG space. The stock’s dip represents a temporary correction after a period of relative stability.

Fidelity Bank Plc also shed ₦0.50 to close at ₦20.50. The retracement was expected after a sustained rally in banking counters over recent sessions. Investors appear to be booking profits ahead of the next round of financial disclosures.

Cadbury Nigeria Plc lost ₦0.90 to close at ₦69.00, marking a moderate correction driven by low buying interest in consumer staples. Similarly, CWG Plc dipped by ₦0.30 to ₦17.35, as the tech counter experienced profit-taking following a strong performance earlier in the week.

Other minor losers included Tantalizer (-₦0.08), Sovereign Trust Insurance (-₦0.06), Veritas Kapital (-₦0.04), Cutix (-₦0.05), and Union Dicon (-₦0.10) — each reflecting mild adjustments typical of a consolidating market.

 

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.