November 02, (THEWILL) — The Nigerian Exchange (NGX) closed the week ended Friday, October 31, 2025, on a negative note, as profit-taking activities across key sectors dragged performance indicators lower.
The All-Share Index (ASI) fell by 0.98 percent from 155,496.15points close at 154,126.46 points, while market capitalisation depreciated by the same margin from N96.78 trillion settle at ₦97.829 trillion. The decline marks a reversal from the previous week’s modest gains, reflecting investor caution and portfolio adjustments ahead of major third-quarter earnings releases.
Despite the downturn, market participation improved significantly. A total of 7.479 billion shares worth ₦145.429 billion were traded across 88,000 deals, compared to 3.695 billion shares valued at ₦129.889 billion exchanged in the previous week.
The Financial Services Industry maintained dominance on the activity chart with 6.639 billion shares worth ₦74.629 billion, contributing 88.77 percent and 51.32 percent to the total equity turnover volume and value, respectively. The Services Industry followed with 215.575 million shares valued at ₦2.709 billion, while the Consumer Goods Industry ranked third with 125.931 million shares worth ₦7.334 billion.
Trading in the top three equities Cornerstone Insurance Plc, Wema Bank Plc, and Guaranty Trust Holding Company Plc (GTCO) accounted for 5.268 billion shares worth ₦48.964 billion, representing 70.43 percent and 33.67 percent of the total equity turnover volume and value respectively.
Top Gainers
Leading the gainers’ chart for the week was Aso Savings and Loans Plc, which appreciated by 56.06 percent, (closing at ₦1.03 from an opening price of ₦0.66).
Julius Berger Nigeria Plc followed with a 13.28 percent rise (to ₦151.80 from ₦134.00). while
Oando Plc gained 11.87 percent (to close at ₦48.05 from ₦42.95).
Berger Paints Plc advanced by 9.25 percent, (moving from ₦38.90 to ₦42.50).
Ecobank Transnational Incorporated (ETI) appreciated by 8.19 percent (to close at ₦38.95, up from ₦36.00).
Other notable gainers during the week included Meyer Plc, which rose by 6.95 percent (to ₦16.15 from ₦15.10).
International Energy Insurance Plc, up 6.14 percent (to ₦2.94 from ₦2.77).
Okomu Oil Palm Plc, which climbed 5.88 percent to (₦1,080.00 from ₦1,020.00).
Stanbic IBTC Holdings Plc, which appreciated by 4.48 percent (to ₦112.00 from ₦107.20).
Tantalizers Plc, which gained 4.35 percent (to ₦2.40 from ₦2.30).
Top Losers
On the flip side, Omatek Ventures Plc led the week’s losers, plunging by 21.94 percent (to ₦1.21 from an opening price of ₦1.55).
John Holt Plc dropped by 16.92 percent (to ₦5.40 from ₦6.50).
Caverton Offshore Support Group Plc fell 16.15 percent (to ₦5.45 from ₦6.50).
Nigerian Aviation Handling Company Plc (NAHCO) also dipped 15.90 percent, (closing at ₦105.00 from ₦124.85).
E-Tranzact International Plc shed 15.33 percent (to ₦12.70 from ₦15.00).
Other major decliners included:
AXA Mansard Insurance Plc, which lost 13.75 percent (to ₦13.80 from ₦16.00).
Cadbury Nigeria Plc, down 13.72 percent (to ₦62.55 from ₦72.50).
Chams Holding Company Plc, which declined 13.67 percent (to ₦3.41 from ₦3.95).
Sunu Assurances Nigeria Plc, which dropped 13.27 percent (to ₦4.51 from ₦5.20).
Legend Internet Plc, which slipped 13.06 percent (to ₦5.26 from ₦6.05).
Market Breadth
Market breadth remained weak during the week, as 29 equities appreciated in price, lower than 44 recorded in the previous week. In contrast, 70 equities declined, higher than 49 recorded the week before, while 47 equities remained unchanged, down from 53 previously.
All other indices closed negative except for the NGX AFR Dividend Yield, NGX MERI Growth, NGX Oil and Gas, NGX Sovereign Bond, and NGX Commodity Indices, which appreciated by 0.73 percent, 1.01 percent, 0.30 percent, 0.50 percent, and 0.15 percent respectively.
Investor Sentiment and Outlook
Investor sentiment was largely cautious throughout the week, with many traders locking in gains following strong rallies earlier in the month. The bearish close reflected ongoing adjustments to earnings expectations, rising inflationary pressures, and global market volatility.
Opportunities still exist in fundamentally strong stocks, particularly in the banking, energy, and industrial goods sectors, where valuations remain attractive and dividend yields compelling.
Mixed sentiments are expected to persist in the coming week as investors continue to digest third-quarter earnings results and position ahead of the final trading stretch of the year.
Ogochukwu Onwaeze
