SAT NOV 07 2026-theGBJournal| The Nigerian equities market ended the week in negative territory, as sustained selloffs in heavyweight stocks, particularly across the Industrial Goods, Oil & Gas and Banking sectors, weighed on investor sentiment.
The NGX All-Share Index (ASI) declined by 2.13% week-on-week (w/w) to close at 248,877.22 points, while market capitalisation shed a similar 2.13% to settle at N161.59 trillion.
Consequently, the market’s year-to-date (YTD) return moderated to 59.93%, down from 63.42% recorded in the previous week.
The bearish performance was largely driven by losses in DANGCEM (-8.50%), BUAFOODS (-8.00%), HBMNG (-9.70%), ARADEL (-9.99%), FIRSTHOLDCO (-7.68%) and ACCESSCORP (-5.94%). These losses outweighed gains in HONYFLOUR (+30.82%), ETRANZACT (+14.42%) and MANSARD (+9.77%), reinforcing the negative market close.
Sectoral performance was broadly bearish, with the Industrial Goods index recording the steepest decline, shedding 4.35% w/w.
The Oil & Gas and Banking indices followed, declining by 3.72% and 2.45%, respectively. Similarly, the Consumer Goods index lost 1.41%, while the Insurance index recorded a marginal decline of 0.03%.
Friday Trading: NGX Extends Losses as Turnover Slumps
The bearish sentiment persisted in Friday’s session, with the NGX ASI and market capitalisation declining by 0.33% each.
The downturn was driven by selloffs in PZ (-9.94%), FIDELITYBK (-3.51%) and HBMNG (-2.48%), which offset gains in CHAMPION (+10.00%), HONYFLOUR (+9.87%) and MANSARD (+9.26%).
Trading activity weakened significantly, as total volume traded declined by 55.90% to 377.66 million units, while transaction value plunged by 63.74% to N26.87 billion. Similarly, the number of deals decreased by 2.61% to 32,666.
GTCO (-1.80%) dominated trading activity, leading both the volume and value charts with 41.02 million units traded and transactions valued at N4.92 billion.
Despite the market’s negative close, breadth remained positive at 1.06x, with 33 advancers against 31 decliners. CHAMPION (+10.00%) led the gainers, while PZ (-9.94%) emerged as the worst-performing stock.
NASD OTC Market: Index Slips 0.55% as YTD Return Moderates to 19.92%
The NASD OTC market also closed Friday’s session in negative territory, with the NASD Securities Index (NSI) declining by 0.55% day-on-day (D/D) to 4,249.79 points. Market capitalisation similarly shed 0.55% to settle at N2.55 trillion.
Consequently, the market’s YTD return moderated to 19.92%, down from 20.58%.
Trading activity was mixed, with total volume traded increasing to 1.22 billion units, while transaction value rose to N3.27 billion.
The number of deals also increased to 35.
SDIGI (+10.01%) led the gainers’ chart, while SDCSC (-3.16%) was the sole decliner.
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