The Nigerian stock market suffered a steep decline over the past five trading days, with investors on the Nigerian Exchange Limited (NGX) losing a staggering N2.8 trillion between November 3 and 7, 2025.
Equity market capitalisation dropped significantly to N94.9 trillion, while the All-Share Index (ASI) fell by 2.99%, slipping to 149,524.81 points from the previous week’s 154,126.46 points. The market maintained a bearish pattern throughout the review period.
On Monday alone, investors lost N245.88 billion. The downtrend worsened on Tuesday with an additional N611.96 billion decline. Wednesday marked the biggest plunge of the week, as the market shed a massive N1.31 trillion—the sharpest single-day drop recorded during the period.
The sell-offs continued on Thursday with losses amounting to N347.75 billion, and the week closed on Friday with a further N318.78 billion downturn, rounding up the total weekly loss at N2.8 trillion.
Market activity was also weaker compared to the previous week.
A total of 3.575 billion shares worth N107.011 billion were traded in 146,429 deals, down from 7.479 billion shares valued at N145.429 billion exchanged in 159,487 deals the week before.
The financial services sector dominated trading volume, posting 2.946 billion shares worth N65.904 billion across 62,817 deals. Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc emerged as the top traded equities, contributing a combined 1.288 billion shares valued at N19.3 billion in 11,536 deals—representing 36.03% of total volume and 18.08% of total value.
In terms of price movement, 20 equities gained during the week—down from 29 in the prior week. Decliners rose to 75 from the previous week’s 70, while 51 equities remained unchanged.
NCR (Nigeria) Plc led the gainers’ chart with a 20.94% increase, followed by Eunisell Interlinked Plc at 20.17% and Union Dicon Salt Plc at 9.93%.
Among the laggards, Sovereign Trust Insurance Plc posted the steepest loss of 28.21%. C & I Leasing Plc declined by 20.16%, while Skyway Aviation Handling Company Plc fell by 18.99%.
The week’s performance highlights persistent concerns around market volatility, economic uncertainty, and profit-taking across multiple sectors.
The downturn follows President Donald Trump’s recent designation of Nigeria as a “Country of Particular Concern” over alleged persecution of Christians, along with his threat to undertake military action—developments that may have weighed heavily on investor confidence during the period.
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