Several stocks delivered impressive returns on the Nigerian Stock Exchange (NGX) on Wednesday, October 8, 2025, with MTN Nigeria (MTNN) and Fidelity Bank among a group of top performers that demonstrated both daily gains and strong year-to-date performance.
MTN Nigeria closed Wednesday’s trading session at ₦470.90 per share, recording a 4.6% gain over its previous closing price of ₦450.00, according to data released by the NGX.
The telecommunications giant has shown remarkable growth since the beginning of the year, climbing from ₦200.00 to its current price—a substantial 135% increase that places it 34th on the NGX in terms of year-to-date performance.
The stock’s recent momentum is particularly noteworthy, with an 8% gain over the past four weeks, ranking it 26th best on the exchange for monthly performance. This consistent upward trajectory suggests sustained investor confidence in the company’s prospects.
Fidelity Bank (FIDELITYBK) closed at ₦21.00 per share, posting a 4.7% gain from its previous close of ₦20.05. The banking stock has delivered a 20% return since opening the year at ₦17.50, placing it 100th on the NGX’s year-to-date performance rankings.
Prestige Assurance (PRESTIGE) ended trading at ₦1.70 per share, marking a 4.9% increase from ₦1.62. Since the year began at ₦1.21, the insurance company’s shares have appreciated 40.5%, earning it the 90th position in year-to-date performance on the exchange.
Eterna Plc (ETERNA) recorded a 7% gain, closing at ₦41.50 per share compared to its previous ₦38.80. The oil marketing company has demonstrated strong performance this year, rising from ₦24.30 to deliver a 70.8% return, ranking 70th on the NGX year-to-date. Particularly impressive is Eterna’s recent surge, with the stock accumulating 34% gains over the past four weeks alone—the fifth-best monthly performance on the exchange.
Livestock Feeds (LIVESTOCK) climbed 7.4% to close at ₦7.95 per share, up from ₦7.40. Since opening the year at ₦4.12, the agricultural stock has surged 93%, placing it 54th in year-to-date performance. The company has maintained strong momentum with a 7% gain over the past month, ranking 33rd on the exchange for four-week performance.
FTN Cocoa Processors (FTNCOCOA) emerged as the day’s biggest gainer in percentage terms, jumping 8.9% to close at ₦6.00 per share from ₦5.51. The cocoa processing company has been one of the year’s standout performers, skyrocketing 230% from its January opening price of ₦1.82, securing the 11th position on the NGX’s year-to-date rankings. The stock has also shown solid recent performance with an 11% gain over the past four weeks, ranking 21st for monthly returns.
The strong performance across these diverse sectors—telecommunications, banking, insurance, energy, agriculture, and commodities processing—suggests broad-based investor appetite in the Nigerian equity market. Shareholders in these companies have reason for optimism given the sustained momentum demonstrated by most of these stocks over both short-term and year-to-date periods.
Market analysts will be watching to see whether these gains can be sustained as the year progresses, particularly for stocks like MTN Nigeria and FTN Cocoa Processors that have delivered exceptional returns to investors in 2025.
