November 09, (THEWILL) — The Nigerian Exchange (NGX) closed the week ended Friday, November 7, 2025, on a negative note as profit-taking and weak investor sentiment dragged key market indicators lower across sectors.
The NGX All-Share Index (ASI) and market capitalisation depreciated by 2.99 percent and 2.89 percent, respectively, from 153,739.11 points and N97.582 trillion to close the week at 149,524.81 points and N94.998 trillion.
All other indices finished lower, while the NGX Sovereign Bond Index closed flat, reflecting a broad market decline.
Market Turnover and Sector Performance
A total turnover of 3.575 billion shares worth N107.011 billion was traded last week by investors on the floor of the Exchange, compared to 7.479 billion shares valued at N145.429 billion that exchanged hands the previous week.
The Financial Services Industry led the activity chart with 2.946 billion shares valued at N65.904 billion, contributing 82.39 percent and 61.59 percent to the total equity turnover volume and value, respectively.
The Services Industry followed with 147.325 million shares worth N1.511 billion, while the Consumer Goods Industry placed third with 147.307 million shares valued at N11.195 billion.
Trading in the top three equities Fidelity Bank Plc, FCMB Group Plc and Aso Savings & Loans Plc accounted for 1.288 billion shares worth N19.300 billion in 11,536 deals, contributing 36.03 percent and 18.08 percent to the total equity turnover volume and value, respectively.
Top Price Gainers
Despite the overall market decline, a few stocks recorded strong gains.
- NCR (Nigeria) Plc gained 20.94 percent, moving from (N16.00 to N19.35).
- Eunisell Interlinked Plc rose 20.17 percent, (from N59.00 to N70.90).
- Union Dicon Salt Plc appreciated 9.93 percent, (from N7.05 to N7.75).
- Honeywell Flour Mill Plc advanced 9.50 percent, (from N20.00 to N21.90).
- UPDC Plc climbed 6.81 percent, (from N6.17 to N6.59).
Top Price Decliners
The week’s top laggards were dominated by insurance and industrial stocks.
- Sovereign Trust Insurance Plc declined 28.21 percent, (from N3.90 to N2.80).
- C & I Leasing Plc fell 20.16 percent, (from N6.30 to N5.03).
- Skyway Aviation Handling Company Plc dropped 18.99 percent, (from N99.50 to N80.60).
- Berger Paints Plc lost 17.41 percent, (from N42.50 to N35.10).
- International Energy Insurance Plc slipped 17.01 percent, (from N2.94 to N2.44).
Market Sentiment and Outlook
A total of 20 equities appreciated in price during the week, lower than 29 in the previous week, while 75 equities declined compared to 70 last week. 51 equities remained unchanged, slightly higher than 47 recorded in the prior week.
Market analysts attributed the bearish tone to investors’ cautious positioning, persistent inflationary pressures, and expectations of further monetary tightening.
Looking ahead, market sentiment is expected to remain mixed in the coming week, with opportunities for bargain hunting in fundamentally sound stocks. It is predicted that short-term rebounds may emerge, though sustained gains will depend on improving macroeconomic indicators and renewed investor confidence.
Ogochukwu Onwaeze
