Aso Savings Gains 106% Since Mortgage Institution Returns to Market
With a 106% re-rating since it returned to the Nigerian Exchange in October, Aso Savings and Loans is one of the financial stocks not to underrate for potential upside.
Fast and furious gain is a common trend for companies returning to the stock market for trading or a new listing.
Aso savings and loans, a primary mortgage institution in Nigeria, is announcing its return to active trading with more than a 56% price gain on the Nigerian Exchange.
The sustained positive price upticks seen in the two weeks have been fuelled by a mix of sentiment and earnings expectations – some analysts think Aso Savings and Loans might actually be seeking to prove a points with its return.
In its all week rally, the financial stocks share price climbed to N1.03, reflecting a significant trading volume traded on the Nigerian Exchange.
The mortgage lender’s share price rose from 6 kobo to N1.03 in seven trading session on the Exchange, recording about 72% gain during the period.
Nigerian Exchange had in October lifted 8 years suspension on Aso savings amidst shareholders announcement to recapitalise the mortgage institution with N120 billion.
Hence, the mortgage-linked stock began trading effective October 21, 2025 from a frozen price of N0.50 kobo following its failure to meet statutory filing obligations under the NGX’s Default Filing Rules.
In a formal notice signed by the Head of Issuer Regulation Department, the Exchange announced that Aso Savings had successfully submitted all outstanding financial statements, thereby satisfying the conditions for lifting the suspension.
“Trading Licence Holders and the investing public are hereby notified that the suspension placed on trading in the shares of Aso Savings and Loans Plc has been lifted,” the statement read. Naira Gains N15.23 Against Dollar at Official Market
