The Nigerian fairness market opened the second buying and selling session of the week on a unfavourable be aware because the NGX All-Share Index (ASI) declined by 0.33% on Tuesday, 09 December 2025 to shut at 146,940.29, in comparison with 147,427.95 on Monday.
This loss moderated a part of the prior week’s rally that lifted the index to 147,040.08 on the shut of buying and selling on Friday, 05 December 2025, however the market stays above final week’s efficiency degree.
Complete market capitalisation closed at ₦93.66 trillion, decrease than ₦93.97 trillion recorded on Monday, reflecting a day-on-day decline of ₦311.85 billion.
Market Exercise
Complete market exercise elevated in comparison with Monday, pushed by massive block trades within the ICT and Banking sectors.
Offers: 23,038
Quantity: 1,973,991,400 items
Worth: ₦30.23 billion
Fairness Cap: ₦93.66 trillion
Bond Cap: ₦50.87 trillion
ETF Cap: ₦44.36 billion
The session’s liquidity continued to replicate sturdy institutional participation in mid-large cap equities and high-frequency trades in E-Tranzact.
High Gainers
Worth advances had been concentrated in mid-tier equities, and one sovereign instrument listed on the fairness board.
| Firm | Final Shut | Present | Change | % Change |
|---|---|---|---|---|
| LEARNAFRCA | ₦5.75 | ₦6.30 | +₦0.55 | +9.57% |
| MECURE | ₦29.80 | ₦32.40 | +₦2.60 | +8.72% |
| FGSUK2032S5 | ₦101.00 | ₦109.00 | +₦8.00 | +7.92% |
| DEAPCAP | ₦1.60 | ₦1.72 | +₦0.12 | +7.50% |
| INTENEGINS | ₦2.30 | ₦2.45 | +₦0.15 | +6.52% |
High Decliners
Revenue-taking and corrective motion after prior beneficial properties dominated amongst large-cap shares in Shopper Items and Industrial sub-segments.
| Firm | Final Shut | Present | Change | % Change |
|---|---|---|---|---|
| ETERNA | ₦35.50 | ₦31.95 | -₦3.55 | -10.00% |
| AUSTINLAZ | ₦2.30 | ₦2.07 | -₦0.23 | -10.00% |
| TRANSCOHOT | ₦172.80 | ₦155.60 | -₦17.20 | -9.95% |
| IKEJAHOTEL | ₦31.10 | ₦28.10 | -₦3.00 | -9.65% |
| UACN | ₦96.80 | ₦88.00 | -₦8.80 | -9.09% |
UACN and Ikeja Lodge entered a corrective transfer after a robust multi-session rally final week, confirming delicate value channels round current highs.
Quantity and Worth Leaders
ETRANZACT prolonged its liquidity dominance for a second consecutive session, accounting for over 52% of market turnover quantity.
| Image | Quantity | Worth (₦) |
|---|---|---|
| ETRANZACT | 1,026,518,576 | 7,495,474,574.25 |
| ACCESSCORP | 183,556,738 | 3,768,691,479.45 |
| CORNERST | 115,978,817 | 609,382,036.82 |
| CONHALLPLC | 79,417,729 | 319,320,030.88 |
| FCMB | 78,085,830 | 850,563,765.70 |
The focus exhibits sturdy buying and selling curiosity in ICT, adopted by Banking, whereas Insurance coverage continued its run of mid-tier liquidity contributions.
Fastened Earnings Board
Motion was muted throughout listed fixed-income belongings, aside from FGS202882 which superior above par.
| Image | Final Shut | Present | Change |
|---|---|---|---|
| FGS202882 | ₦100.00 | ₦105.00 | +₦5.00 |
| LAB2033S1 | ₦100.00 | ₦100.00 | 0.00 |
| LFZ2041S1 | ₦100.00 | ₦100.00 | 0.00 |
| NMR2027S3 | ₦100.00 | ₦100.00 | 0.00 |
| UBN2029S3 | ₦100.00 | ₦100.00 | 0.00 |
The first curiosity stays in short-dated devices with larger secondary buying and selling liquidity.
ETF Board
Broad beneficial properties had been noticed throughout tracked belongings, exhibiting continued threat allocation into model-based funding buildings.
| Image | Final Shut | Present | Change |
|---|---|---|---|
| MERGROWTH | ₦500.10 | ₦550.10 | +₦50.00 |
| MERVALUE | ₦378.40 | ₦416.24 | +₦37.84 |
| GREENWETF | ₦300.01 | ₦330.01 | +₦30.00 |
| VETINDETF | ₦64.25 | ₦70.67 | +₦6.42 |
| VETGOODS | ₦34.00 | ₦37.40 | +₦3.40 |
The motion displays sturdy upside monitoring in each development and worth baskets.
Market Context
Monday vs Tuesday
Regardless of the decline, the ASI stays above Friday shut (147,040.08), sustaining a constructive week-to-date efficiency.
Liquidity Pattern
E-Tranzact has now contributed 6.0bn+ items in 5 periods
Two-day complete worth on the counter exceeds ₦15.0bn
Company actions, investor positioning forward of year-end, and amassed curiosity in fintech liquidity are driving continued turnover focus
Knowledge confirms elevated institutional and short-term speculative quantity round E-Tranzact, with the counter changing into the first liquidity driver in December’s opening week.
Outlook
Quick-term buying and selling flows stay concentrated in:
Excessive-liquidity ICT belongings
Tier-1 banks on Q3 earnings repositioning
Choose client items with quantity acceleration patterns
Insurance coverage counters with deep liquidity positions
The market stays marginally above final week’s shut, indicating stability regardless of intra-week volatility, with ETF accumulation exhibiting sustained institutional confidence.
