The Nigerian Stock Exchange (NGX) witnessed mixed fortunes on Thursday, October 16, 2025, with technology and banking stocks leading the gainers’ chart, while insurance and telecommunications stocks dominated the losers’ list.
Secure Electronic Technology (NSLTECH) emerged as the day’s biggest gainer, closing at 0.91 NGN per share—a 7.1% increase from its previous closing price of 0.85 NGN.
The technology firm has demonstrated impressive momentum this year, climbing 44.4% from its opening price of 0.63 NGN in January, positioning it 87th on the NGX year-to-date performance rankings. Particularly noteworthy is the stock’s recent trajectory, having accumulated 14% in gains over the past four weeks, making it the 13th-best performer on the exchange during that period.
Sterling Bank (STERLINGNG) followed closely, posting a 6.5% gain to close at 8.20 NGN per share, up from 7.70 NGN. The lender has been one of the year’s success stories, surging 46.4% from its January opening of 5.60 NGN—the 83rd-best year-to-date performance on the NGX. The bank’s recent form has been equally encouraging, with a 12% gain over the past month, ranking 17th among NGX stocks during that timeframe.
Livestock Feeds (LIVESTOCK) rounded out the top gainers, with a 5.3% increase, closing at 7.90 NGN from 7.50 NGN previously. The agricultural stock has been a standout performer in 2025, nearly doubling its value with a 91.8% gain from its opening price of 4.12 NGN, placing it 53rd in year-to-date rankings.
Sunu Assurances Nigeria Plc (SUNUASSUR) suffered the steepest decline, plummeting 9.7% to close at 5.21 NGN from 5.77 NGN. The insurance provider has endured a difficult year, losing 51.5% of its value since opening at 10.75 NGN in January, relegating it to the 145th position in year-to-date performance. Adding to shareholder concerns, the stock has shed 9% of its value over the past month alone.
Haldane McCall (HMCALL) dropped 7.5% to close at 4.05 NGN from 4.38 NGN. The company has declined 15.3% year to date from its January opening of 4.78 NGN, ranking 139th on the exchange.
Daar Communications (DAARCOMM) fell 6.4% to 1.03 NGN from 1.10 NGN. Despite Thursday’s decline, the media company remains in positive territory for the year, up 63.5% from its opening price of 0.63 NGN, placing it 72nd in year-to-date performance.
The trading session highlighted the continued volatility in Nigerian equities, with the technology and banking sectors showing resilience, while insurance stocks faced mounting pressure.
