The Nigerian Trade Restricted (NGX) closed decrease on Thursday for the second straight session as traders continued profit-taking in key mid- and small-cap equities.
The All-Share Index (ASI) fell by 0.36% to shut at 150,026.55 factors, in comparison with 150,573.87 factors recorded within the earlier session.
Equally, the market capitalization declined by ₦348 billion to shut at ₦95.316 trillion, down from ₦95.665 trillion on Wednesday.
The pullback was pushed by selloffs throughout insurance coverage, client items and choose banking shares amid renewed warning forward of contemporary macroeconomic knowledge and company disclosures.
Market Abstract
| Indicator | Nov 5, 2025 | Nov 6, 2025 | % Change |
|---|---|---|---|
| ASI (Factors) | 150,573.87 | 150,026.55 | -0.36% |
| Market Cap (₦) | 95.665 trillion | 95.316 trillion | -0.36% |
| Offers | 27,303 | 24,865 | -8.94% |
| Quantity (Shares) | 1.12 billion | 619.63 million | -44.5% |
| Worth (₦) | 29.78 billion | 16.50 billion | -44.6% |
Market exercise declined considerably, with buying and selling quantity and worth dropping by practically 45%, indicating a broad slowdown in investor participation.
The decrease turnover mirrored a wait-and-see stance by each retail and institutional gamers because the market consolidated latest positive factors.
Prime Gainers
| Firm | Earlier (₦) | Present (₦) | Change (₦) | % Change |
|---|---|---|---|---|
| UPDC Plc | 6.00 | 6.59 | +0.59 | +9.83% |
| LOTUSHAL15 | 77.63 | 85.00 | +7.37 | +9.49% |
| FCMB Group Plc | 10.00 | 10.80 | +0.80 | +8.00% |
| Omatek Ventures Plc | 1.21 | 1.30 | +0.09 | +7.44% |
| AIICO Insurance coverage Plc | 3.55 | 3.74 | +0.19 | +5.35% |
The highest gainers mirrored renewed curiosity in choose mid-tier financials and actual property equities.
UPDC (+9.83%) led the advancers, buoyed by speculative demand following latest constructive earnings expectations in the actual property phase.
LOTUSHAL15 (+9.49%) continued its rebound on robust ETF demand, whereas FCMB (+8.00%) prolonged its rally on sustained investor confidence within the banking sector’s Q3 earnings resilience.
Omatek Ventures and AIICO Insurance coverage rounded out the highest performers, with modest recoveries pushed by cut price looking.
Prime Losers
| Firm | Earlier (₦) | Present (₦) | Change (₦) | % Change |
|---|---|---|---|---|
| Legend Inside Plc | 5.84 | 5.26 | -0.58 | -9.93% |
| Champion Breweries Plc | 15.95 | 14.40 | -1.55 | -9.72% |
| Tantalizer Plc | 2.34 | 2.15 | -0.19 | -8.12% |
| Sovereign Belief Insurance coverage Plc | 3.33 | 3.08 | -0.25 | -7.51% |
| Linkage Assurance Plc | 2.00 | 1.85 | -0.15 | -7.50% |
The losers’ chart was dominated by profit-taking throughout client and insurance coverage shares.
Legend Inside (-9.93%) and Champion Breweries (-9.72%) topped the record, reflecting heavy promote stress inside the industrial and client segments.
Sovereign Belief Insurance coverage (-7.51%) and Linkage Assurance (-7.50%) prolonged their losses amid weak investor sentiment within the insurance coverage sub-sector.
Prime Traded Shares
| Firm | Quantity (Shares) | Worth (₦) |
|---|---|---|
| FCMB Group Plc | 149,993,576 | 1,598,256,599.90 |
| Consolidated Hallmark Holdings Plc | 79,090,632 | 319,716,093.68 |
| Zenith Bank Plc | 41,887,497 | 2,510,384,216.35 |
| Sterling Monetary Holdings | 38,503,803 | 314,967,757.10 |
| Entry Holdings Plc | 32,329,043 | 731,376,911.55 |
Exercise was banking-sector led, with FCMB Group Plc rising as essentially the most traded inventory by quantity, supported by Zenith Bank and Entry Holdings.
Regardless of the market’s total decline, tier-one banks remained the popular devices for institutional traders searching for liquidity.
Fastened Revenue Market
| Instrument | Earlier (₦) | Present (₦) | Change (₦) |
|---|---|---|---|
| DAN2029S2TB | 100.00 | 100.00 | 0.00 |
| DIF2029S1TA | 100.00 | 100.00 | 0.00 |
| FG162029S1 | 98.00 | 98.00 | 0.00 |
| FG172035S1 | 20.00 | 20.00 | 0.00 |
| FG182042S1 | 100.00 | 100.00 | 0.00 |
The fixed-income market closed flat throughout listed bonds, indicating a secure yield surroundings and subdued buying and selling curiosity.
Buyers largely maintained a holding sample pending new issuance or yield changes from the Debt Administration Workplace (DMO).
Trade-Traded Funds (ETFs)
| ETF | Earlier (₦) | Present (₦) | Change (₦) |
|---|---|---|---|
| GREENWETF | 350.00 | 385.00 | +35.00 |
| STANBICETF30 | 519.99 | 550.00 | +30.01 |
| MERVALUE | 214.00 | 216.70 | +2.70 |
| VETINDETF | 59.40 | 60.00 | +0.60 |
| VETBANK | 14.50 | 15.00 | +0.50 |
ETF efficiency was broadly bullish, led by GREENWETF (+10%) and STANBICETF30 (+5.77%), reflecting sustained curiosity in diversified fund belongings.
This resilience highlights continued investor rotation towards ETF devices as hedges in opposition to short-term fairness volatility.
Market Interpretation
Thursday’s session mirrored profit-booking stress and lowered liquidity, following two periods of blended efficiency.
Buyers shifted to defensive belongings comparable to ETFs and short-duration bonds whereas trimming publicity to risk-heavy equities.
Key Observations:
Market capitalization dropped ₦348 billion, reflecting a renewed risk-off tone.
Quantity and worth traded plunged by over 40%, confirming lighter institutional participation.
Insurance coverage and client items counters remained beneath stress, whereas banking and actual property equities attracted cut price looking.
ETF efficiency supplied gentle assist to total market sentiment.
Market Outlook
Analysts anticipate the NGX to stay risky however range-bound, as traders weigh profit-taking actions in opposition to potential rebounds in banking and vitality sectors.
Brief-term momentum stays weak, with a potential retest of the 149,500-point assist degree if promoting persists.
Nonetheless, constructive Q3 outcomes and international inflows into fixed-income belongings might stabilize the market subsequent week.
Abstract Snapshot
| Indicator | Worth |
|---|---|
| ASI | 150,026.55 (-0.36%) |
| Market Cap | ₦95.316 trillion |
| Quantity | 619.63 million shares |
| Worth | ₦16.50 billion |
| Offers | 24,865 |
| Sentiment | Revenue-taking / Low liquidity |
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