The Nigerian stock market suffered a major downturn over the past week, as investors at the Nigerian Exchange Limited (NGX) lost a staggering N2.8 trillion between November 3 and 7, 2025.
Equity market capitalisation dropped sharply to N94.9 trillion, while the All-Share Index (ASI) fell by 2.99 per cent, closing at 149,524.81 points compared to the previous week’s 154,126.46 points.
The market traded bearish throughout the week. On Monday alone, investors lost N245.88 billion. The losses deepened on Tuesday with a further decline of N611.96 billion. By Wednesday, the market recorded its worst session of the week, with investors shedding N1.31 trillion in a single day — the biggest drop during the period.
The downward trend continued as the market fell by N347.75 billion on Thursday and ended the week with another loss of N318.78 billion on Friday, pushing the total weekly loss to N2.8 trillion.
Market activity also slowed noticeably. Investors traded 3.575 billion shares worth N107.011 billion in 146,429 deals, compared to the previous week’s 7.479 billion shares valued at N145.429 billion across 159,487 deals.
The financial services industry led trading with 2.946 billion shares worth N65.904 billion across 62,817 deals. Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc topped the volume chart, accounting for 1.288 billion shares worth N19.3 billion in 11,536 deals — representing 36.03 per cent and 18.08 per cent of total market turnover in volume and value, respectively.
In price movement, 20 equities appreciated during the week—down from 29 in the previous week—while 75 declined, up from 70 previously. Meanwhile, 51 stocks remained unchanged.
NCR (Nigeria) Plc led the gainers with a 20.94 per cent rise, followed by Eunisell Interlinked Plc with 20.17 per cent and Union Dicon Salt Plc with 9.93 per cent.
On the losers’ side, Sovereign Trust Insurance Plc fell the most, losing 28.21 per cent, followed by C & I Leasing Plc with a 20.16 per cent decline, and Skyway Aviation Handling Company Plc, which dropped 18.99 per cent.
The market’s weak performance reflects growing investor unease amid volatility, macroeconomic uncertainty, and profit-taking across sectors.
The downturn comes after U.S. President Donald Trump designated Nigeria as a “Country of Particular Concern” over alleged killings of Christians and threatened possible military action — a move that analysts say may have dented investor confidence in the Nigerian market.
