Nigerian Stocks Soar as Eunisell and Caverton Lead 10% Rally

Kenneth Afor
4 Min Read

The Nigerian Stock Exchange (NGX) witnessed a robust trading session on Thursday, with six companies recording notable gains, led by Eunisell Interlinked and Caverton Offshore Support, both surging 10% on the day.

Eunisell Interlinked (EUNISELL) emerged as the standout performer, closing at 44.00 NGN per share after a 10% jump from its previous close of 40.00 NGN. The company has delivered exceptional returns for investors, with shares skyrocketing 128% year-to-date from an opening price of 19.27 NGN in January. This performance places the stock 37th on the NGX’s year-to-date rankings.

Most impressively, EUNISELL has posted a 73% gain over the past four weeks alone—the best monthly performance on the entire exchange—signalling strong investor confidence and momentum.

Caverton Offshore Support (CAVERTON) matched Eunisell’s daily performance with a 10% gain, closing at 6.93 NGN from 6.30 NGN. The offshore support services provider has been a major success story in 2025, delivering a stunning 199% return year-to-date from its January opening of 2.32 NGN, ranking it 19th on the NGX. The stock has also added 8% over the past month, placing it 29th in recent performance.

MeCure Industries (MECURE) gained 8.8% to close at 28.40 NGN, up from 26.10 NGN. The company has more than doubled in value this year with a 104% gain from its 13.90 NGN opening price, ranking 52nd year-to-date. MeCure has demonstrated particular strength recently, gaining 31% over the past four weeks—the sixth-best monthly performance on the exchange.

Industrial & Medical Gases (IMG) rose 9.1% to 35.95 NGN but remains down 5.27% for the year, ranking 133rd overall. However, the company has shown signs of recovery with an 8% gain over the past month.

Sunu Assurances (SUNUASSUR) climbed 9.9% to 5.77 NGN despite being down 46.3% year-to-date from its January opening of 10.75 NGN, placing it 146th on the exchange.

Guinea Insurance (GUINEAINS) rounded out the day’s gainers with a 5.6% increase to 1.50 NGN, bringing its year-to-date return to 85.2% from an opening price of 0.81 NGN.

Meanwhile, on the losers’ chart, FTN Cocoa Processors (FTNCOCOA) led the day’s decliners, falling 6.7% to close at 5.60 NGN per share from its previous close of 6.00 NGN. The drop adds to growing concerns about the stock’s recent trajectory, as it has now lost 6% of its value over the past four weeks.

News.ng reports that despite Thursday’s setback, FTN Cocoa remains one of the year’s top performers on the NGX, having surged 208% year-to-date from its January opening price of 1.82 NGN. This places the cocoa processing company 18th on the exchange’s annual performance rankings.

Quick-service restaurant chain Tantalizers (TANTALIZER) also closed lower, dropping 3.3% to 2.31 NGN from 2.39 NGN. The company has posted more modest gains in 2025, up 12.7% year-to-date from its opening price of 2.05 NGN, ranking it 103rd on the NGX.

Thursday’s trading session highlights the continued volatility and opportunity within the Nigerian equity market, with several stocks demonstrating significant momentum heading into the final quarter of 2025.

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A graduate of Mass Communication from Yaba College of Technology with over four years in journalism (print and electronic) in several beats including business, politics, sports and entertainment.