The Nigerian Stock Exchange Limited (NGX) witnessed mixed trading on Tuesday, October 21, 2025, with SCOA Nigeria leading the gainers’ chart, while Conoil Plc headed the losers, reflecting divergent investor sentiment across sectors.
SCOA Nigeria (SCOA) emerged as the day’s biggest gainer, closing at N7.10 per share—a 7.7% increase from its previous close of N6.59.
News.ng reports that the diversified conglomerate has been one of the market’s star performers this year, with its share price surging an impressive 245% from its opening price of N2.06 in January. This remarkable performance ranks SCOA 11th on the NGX year-to-date leaderboard, and recent momentum remains strong with an 8% gain over the past four weeks.
Technology firm Omatek Ventures (OMATEK) followed closely, gaining 7.5% to close at N1.58 per share, up from N1.47.
The stock has more than doubled in value this year, posting a 116% year-to-date gain from its opening price of N0.73. Particularly noteworthy is Omatek’s recent surge, with the stock climbing an outstanding 55% in just four weeks—the second-best performance on the exchange during that period.
Consolidated Hallmark Holdings (CONHALLPLC) rounded out the top three gainers, advancing 6.7% to N4.78 from N4.48. The financial services company has gained 38.6% since the start of the year and has added 20% to its value over the past month, making it the 10th-best performer in recent weeks.
On the flip side, LivingTrust Mortgage Bank (LIVINGTRUST) suffered the steepest decline, dropping 9.9% to N4.00 from N4.44. The mortgage lender has struggled throughout 2025, losing 8.68% of its value year-to-date, with recent trends particularly concerning—the stock has shed 16% over the past four weeks.
Conoil Plc (CONOIL), one of Nigeria’s established oil marketing companies, fell 5.8% to close at N190.70, down from N202.50. The company has endured a difficult year, with its share price plummeting 50.8% from its January opening of N387.20. The downward trend has accelerated recently, with the stock losing 10% in the past month alone.
Africa Prudential Plc (AFRIPRUD), a registrar and investor services company, declined 5.7% to N14.10 from N14.95. The stock has depreciated 31.4% since the beginning of the year, falling from N20.55, with recent performance showing a 6% decline over the past four weeks.
The contrasting performances highlight the selective nature of the current market environment, with investors gravitating toward companies demonstrating strong operational fundamentals and growth prospects, while exiting underperforming stocks across the banking and downstream petroleum sectors.
Analysts suggest that the divergence in performance reflects broader sectoral trends, with technology and diversified industrial companies benefiting from structural changes in the economy, while traditional sectors face headwinds from regulatory challenges and operational pressures.
Market watchers will be closely monitoring whether top performers can sustain their momentum into the final quarter of 2025 and whether struggling stocks can engineer a turnaround before year-end.
