Stocks trading on the Nigerian Exchange Limited (NGX) closed October 2025 on a bullish note. Though rising by 8 percent, the market’s gain in October was moderated by investors who reduced their exposure in banking stocks.
In ten months to October, the stock market All Share Index recorded a positive return of 49.74 percent while the NGX Banking Index underperformed the market with a negative return of 3.15 percent.
Designed to provide an investable benchmark to capture the performance of the banking sector, NGX Banking Index comprises the most capitalised and liquid companies in banking.