October 30, (THEWILL) — The Nigerian Exchange (NGX) continued its downward trajectory on Thursday, October 30, 2025, as bearish sentiment persisted across major sectors.
The All-Share Index (ASI) fell by 0.38 percent, opening at 154,260.98 and closing at 153,676.66 points, while market capitalisation dropped by N370.9 billion, from N97.91 trillion to N97.54 trillion.
The session recorded 20 gainers against 39 losers, reflecting broad selloffs as investors reacted to profit-taking and weak demand across the industrial and consumer goods sectors.
Top gainers for the day were:
- Oando Plc appreciated by 9.99 percent (N42.55 to N46.80).
- ASO Savings and Loans Plc rose 9.30 percent (N0.86 to N0.94).
- AIICO Insurance Plc gained 5.26 percent (N3.80 to N4.00).
- May & Baker Nigeria Plc added 5.00 percent (N17.00 to N17.85).
- Deap Capital Management & Trust Plc increased 4.97 percent (N1.81 to N1.90).
Top decliners included:
- Cadbury Nigeria Plc lost 10.00 percent (N69.50 to N62.55).
- Chams Holdings Plc dropped 10.00 percent (N3.90 to N3.51).
- International Breweries Plc fell 10.00 percent (N14.00 to N12.60).
- Learn Africa Plc declined 9.92 percent (N6.55 to N5.90).
- NAHCO Plc dipped 9.49 percent (N124.85 to N113.00).
Unchanged equities included MTN Nigeria Communications Plc, Dangote Cement Plc, Seplat Energy Plc, Ellah Lakes Plc, and Prescott Plc.
Sector Performance:
Performance across key sectors was largely negative. The banking index closed lower, pressured by losses in Stanbic IBTC and Fidelity Bank, while the consumer goods sector extended its decline following selloffs in Cadbury, International Breweries, and Champion Breweries.
Conversely, the oil and gas index recorded a mild rebound driven by strong gains in Oando Plc, while the insurance index posted marginal improvement, supported by positive movements in AIICO and Sovereign Trust Insurance. The industrial goods sector traded flat, with Dangote Cement and BUA Cement remaining unchanged.
Investor Sentiment, Market Outlook:
Investor mood remained cautious as the market struggled to sustain upward momentum amid mixed corporate earnings and tighter liquidity in the fixed-income space. The day’s negative breadth underscores growing short-term profit-taking across mid- and large-cap counters.
Analysts expect sentiment to remain subdued going into Friday’s session, with market direction likely shaped by renewed interest in dividend-paying stocks and oil & gas majors, alongside upcoming fiscal and monetary policy signals.
Ogochukwu Onwaeze
