The Nigerian Trade Restricted (NGX) closed the week ended November 7, 2025, on a bearish notice as widespread selloffs dragged the market decrease for the second consecutive week.
The All-Share Index (ASI) fell by 2.99% to 149,524.81 factors, whereas market capitalisation declined by ₂.89% to shut at ₦94.998 trillion.
Buying and selling sentiment remained largely detrimental as traders continued profit-taking in large- and mid-cap equities throughout key sectors. Liquidity additionally declined considerably, with turnover dropping by over 52% week-on-week.
Market Exercise
A complete of three.575 billion shares valued at ₦107.011 billion have been traded in 146,429 offers, in comparison with 7.479 billion shares price ₦145.429 billion in 159,487 offers recorded the earlier week.
The Monetary Providers Trade led the exercise chart with 2.946 billion shares valued at ₦65.904 billion traded in 62,817 offers, contributing 82.39% and 61.59% to complete fairness turnover quantity and worth respectively.
The Providers Trade adopted with 147.325 million shares price ₦1.511 billion, whereas the Shopper Items Trade accounted for 147.307 million shares valued at ₦11.195 billion.
Buying and selling within the high three equities — Fidelity Bank Plc, FCMB Group Plc, and Aso Financial savings & Loans Plc — accounted for 1.288 billion shares price ₦19.300 billion in 11,536 offers, representing 36.03% and 18.08% of complete fairness turnover quantity and worth respectively.
Market Breadth
Market breadth closed deeply detrimental, reflecting broad-based weak point throughout listed equities.
Solely 20 equities appreciated in value, down from 29 within the earlier week, whereas 75 equities depreciated in comparison with 70 final week. Fifty-one equities remained unchanged towards 47 recorded within the prior week.
Sectoral Efficiency
All sector indices closed within the crimson, besides the NGX Sovereign Bond Index, which remained flat.
NGX Insurance coverage Index recorded the steepest decline at -7.56%, adopted by the NGX Development Index (-7.65%), reflecting selloffs in smaller and high-risk equities.
NGX Oil/Gasoline Index fell by 4.80%, whereas NGX AFR Div Yield and NGX AFR Bank Worth dropped by 5.01% and 4.35% respectively.
NGX Banking Index misplaced 3.85%, whereas NGX Shopper Items and NGX Premium Index fell by 2.54% and three.76% respectively.
The NGX Industrial Items Index recorded the mildest lack of 1.09%, exhibiting relative resilience from cement and constructing materials shares.
General, the sustained decline throughout board dragged year-to-date market good points to 45.27% from over 48% the earlier week.
High Ten Gainers
NCR (Nigeria) Plc – ₦16.00 to ₦19.35 (+20.94%)
Eunisell Interlinked Plc – ₦59.00 to ₦70.90 (+20.17%)
Union Dicon Salt Plc – ₦7.05 to ₦7.75 (+9.93%)
Honeywell Flour Mills Plc – ₦20.00 to ₦21.90 (+9.50%)
UPDC Plc – ₦6.17 to ₦6.59 (+6.81%)
Livestock Feeds Plc – ₦7.00 to ₦7.40 (+5.71%)
eTranzact Worldwide Plc – ₦12.70 to ₦13.25 (+4.33%)
LivingTrust Mortgage Bank Plc – ₦4.00 to ₦4.14 (+3.50%)
Abbey Mortgage Bank Plc – ₦7.00 to ₦7.20 (+2.86%)
Okomu Oil Palm Plc – ₦1,080.00 to ₦1,110.00 (+2.78%)
Company Actions:
Okomu Oil Plc traded ex-dividend on November 3, 2025, with a ₦10.00 dividend, whereas Airtel Africa Plc went ex-dividend on November 5, 2025, with a ₦40.52 payout. These changes impacted their respective costs however didn’t alter the broader bearish sentiment.
High Ten Losers
Sovereign Belief Insurance coverage Plc – ₦3.90 to ₦2.80 (-28.21%)
C & I Leasing Plc – ₦6.30 to ₦5.03 (-20.16%)
Skyway Aviation Dealing with Firm Plc (SAHCO) – ₦99.50 to ₦80.60 (-18.99%)
Berger Paints Plc – ₦42.50 to ₦35.10 (-17.41%)
Worldwide Vitality Insurance coverage Plc – ₦2.94 to ₦2.44 (-17.01%)
Oando Plc – ₦48.05 to ₦40.00 (-16.75%)
Tantalizers Plc – ₦2.40 to ₦2.00 (-16.67%)
The Initiates Plc (TIP) – ₦12.80 to ₦10.75 (-16.02%)
Champion Breweries Plc – ₦15.00 to ₦13.00 (-13.33%)
Aso Financial savings & Loans Plc – ₦1.03 to ₦0.90 (-12.62%)
Company Actions and Rights Concern
Trans-Nationwide Specific Plc commenced buying and selling in its Rights Concern of 498,150,077 odd shares of fifty kobo every at ₦1.05 per share, on the idea of 1 new share for each present share held as of January 7, 2025. Buying and selling opened on November 3, 2025, marking a notable transfer within the major market phase.
Market Interpretation
The NGX posted its largest weekly decline in a month, extending a two-week bearish streak. The pullback was pushed by profit-taking in beforehand overbought equities, weak sectoral breadth, and lowered institutional participation.
Liquidity declined sharply, whereas the variety of declining equities widened, indicating broad danger aversion.
Insurance coverage and Development indices recorded the steepest losses as traders shifted capital towards much less unstable large-cap shares.
Ex-dividend changes in Airtel Africa and Okomu Oil additionally contributed mildly to index stress, though general market weak point remained the first driver.
Market Outlook
Analysts anticipate the market to stay sideways to mildly bearish within the close to time period as traders rebalance portfolios forward of upcoming macroeconomic information and extra company disclosures.
The 149,000 assist area on the ASI stays key in figuring out the subsequent market route.
Selective accumulation in essentially sound monetary and industrial shares may cushion draw back dangers in subsequent periods.
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