Last week, investors saw a remarkable boost of N2.1 trillion in equity market capitalization, which surged to N93.2 trillion.
Correspondingly, the All-Share Index (ASI) experienced a 2.37% increase, closing at 146,988.04 points compared to 143,584.04 points recorded the previous week.
This upward momentum was largely driven by impressive performances from companies such as Sovereign Insurance Plc, Omatek Ventures Plc, and AXA Mansard. These firms distinguished themselves among the top 10 best-performing stocks last week, making them noteworthy contenders for the upcoming trading sessions.
Note: This article does not constitute financial advice. Please consult a licensed financial advisor before making any investment decisions.
Sovereign Trust Insurance (SOVRENINS) • N3.21 ▲ 0.08 (2.56%)
Sovereign Trust Insurance (SOVRENINS) closed trading on Friday, October 10, 2025, at N3.21 per share on the Nigerian Stock Exchange (NGX), marking a 2.6% increase from its previous close of N3.13. Starting the year at N1.12, the stock has appreciated by an impressive 187%, placing it 21st in year-to-date performance rankings on the NGX. Over the last four weeks, SOVRENINS has gained 8%, ranking 28th in short-term gains.
In terms of trading activity, Sovereign Trust Insurance ranks as the sixth most actively traded stock on the NGX over the past three months (July 11 – October 10, 2025). During this period, it recorded a total traded volume of 2.36 billion shares across 10,670 transactions, with a cumulative value of N6.87 billion. The average daily volume stood at 37.5 million shares, peaking at 1.42 billion shares on September 4 and dipping to a low of 1.57 million shares on July 18.
Omatek Ventures (OMATEK) • N1.37 – 0.00
Omatek Ventures (OMATEK) ended the week at N1.37 per share on the NGX, maintaining its price from the previous close on October 10, 2025. Beginning the year at N0.73, OMATEK has surged by 87.7%, ranking 58th in year-to-date performance on the exchange.
Over the last three months, Omatek Ventures was the 38th most traded stock on the NGX. It recorded a total volume of 316 million shares traded in 7,209 deals, valued at N436 million. The average daily traded volume was approximately 5.02 million shares, with the highest single-day volume reaching 23.7 million shares on July 18 and the lowest at 419,988 shares on August 29.
AXA Mansard Insurance (MANSARD) • N16.10 ▼ 0.90 (5.29%)
AXA Mansard Insurance (MANSARD) closed at N16.10 per share on October 10, 2025, reflecting a 5.3% decline from its previous close of N17.00. Despite this drop, the stock has nearly doubled since the start of the year, rising 96.3% from N8.20 and ranking 52nd in year-to-date performance on the NGX.
In the past three months, AXA Mansard was the 50th most traded stock on the NGX, with a total volume of 209 million shares exchanged in 11,420 transactions, amounting to N3.21 billion in value. The average daily volume was 3.32 million shares, with a peak volume of 20.6 million shares on August 14 and a low of 386,905 shares on September 17.
By: Babajide Okeowo
