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Nigerian equities market falls, tracking declines on banking losses

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…the NASD market opened the week positive, with the NASD Securities Index (NSI) and market capitalisation rising by 0.09%, closing at 3,616.57 points and N2.16 trillion

TUE NOV 18 2025-theGBJournal| The domestic equities market fell on Monday, following selloffs in DANGCEM (-10.0%) and TRANSCORP (-4.7%) and ZENITHBANK (-1.64%), which offset the buying interest in mid-cap stocks including, UPDC (+6.72%), JAIZBANK (+4.44%), and FIDELITYBK (+0.79%).

The NGX Exchange benchmark All-Share Index slid 1.3% to 145,159.77 points, while the Month-to-Date and Year-to-Date returns settled lower at -5.8% and +41.0%, respectively.

Market capitalisation equally shed N1.17 trillion w/w, settling at N92.33 trillion.

The total volume of trade declined by 92.1% to 388.18 million units, valued at N31.14 billion, and exchanged in 28,492 deals.

TANTALIZER was the most traded stock by volume at 57.12 million units, while ARADEL was the most traded stock by value at N21.50 billion, respectively.

Sectoral performance was mixed as the Industrial Goods (-4.5%), Oil & Gas (-1.2%) and Banking (-1.0%) indices declined, while the Insurance (+0.1%) index advanced. The Consumer Goods index closed flat.

As measured by market breadth, market sentiment was positive (1.1x), as 27 tickers gained relative to 24 losers.

SOVRENINS (+10.0%) and NCR (+10.0%) led the gainers, while ENAMELWA (-10.0%) and DANGCEM (-10.0%) posted the most significant losses of the day.

Meanwhile, the NASD market opened the week positive, with the NASD Securities Index (NSI) and market capitalisation rising by 0.09%, closing at 3,616.57 points and N2.16 trillion, respectively.

Market activity was notably down, with transaction volume and transaction value lower by 91.27% and 90.80%, respectively.

SDCSCSPLC (+0.98%) led the market gainers while no decliners were recorded in today’s session.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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