SAT NOV 08 2025-theGBJournal|The Nigerian equities market closed lower on Friday, pressured by more losses in banking stocks and large-cap counters, to post a losing week as U.S. characterization of Nigeria as a ”country of concern” added to investors’ fears.
The NGX benchmark All Share Index (ASI) fell in all trading sessions, shedding by 2.99% w/w to close at 149,524.81 points.
Similarly, all other indices finished lower while NGX Sovereign Bond closed flat.
Consequently, the year-to-date (YTD) return moderated to 45.27% from 49.74% in the preceding week, while the market capitalisation fell by N2.83 trillion w/w, to settle at N95.00 trillion.
The bearish sentiment was driven by sustained sell pressure in large-cap counters such as MTNN (-8.29% w/w), GTCO (-5.03% w/w), TRANSCORP (-12.00% w/w), and ZENITHBANK (-4.76% w/w), compounded by losses in mid-cap stocks including WAPCO (-6.43% w/w), NESTLE (-9.66% w/w), and OANDO (-16.75% w/w).
Sectoral performance was broadly negative, with all major index closing in the red.
The Insurance Index (-7.56% w/w) led the decliners, followed by the Oil & Gas (-4.80% w/w), Banking (-3.85% w/w), Consumer Goods (-2.54% w/w) and Industrial Goods (-1.09% w/w) indices.
In Friday’s session, the market also closed lower, with the NGX ASI and market capitalisation declined by 0.33%.
Market activity was notably down, with transaction volume and value lower by 14.92% and 6.79%, respectively.
WEMABANK (-2.08%) led the trading activity, with 90.88 billion units traded valued at N1.71 billion worth of trades.
Market breadth closed negative 0.53x, reflecting more decliners than gainers. NCR (+9.94%) led the twenty-one gainers, while BERGER (-10.00%) topped the forty laggards, with other stocks closing flat.
Meanwhile, the NASD closed the week on positive note, as the NASD OTC Securities Index (NSI) and market capitalisation gained 0.98% w/w, to close at 2,661.07 points and N2.19 trillion, respectively.
The market similarly closed higher in today’s session, rising by 0.07%. However, market activity was down, with transaction volume and value declining by 10.60% and 66.27%, respectively.
SDAFRILAND (+7.33%) led the market gainers, while SDCSCSPLC (-0.38%) led the laggards’ log.
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