The Nigerian equities market maintained its downward trajectory on Thursday, November 21, 2025, recording significant losses as investor sentiment remained negative. Trading activities at the Nigerian Exchange (NGX) in Lagos saw market capitalization plummet by N292 billion amid widespread price depreciation across multiple stocks.
Market Indicators Show Consistent Decline
At the close of trading sessions, key market indicators reflected the bearish trend. The All Share Index (ASI) dropped by 458.98 points, representing a 0.32 percent decline to settle at 144,187.03 points. Similarly, the overall market capitalization decreased to N91.710 trillion from the previous day's position.
The market's poor performance was primarily driven by losses in medium and large-capitalized stocks. Notable among the decliners were Oando, NEM Insurance, Wema Bank, Ikeja Hotels, and Nigerian Breweries, which all recorded significant price drops during the trading day.
Winners and Losers Analysis
Market breadth turned negative with declining stocks outnumbering advancing ones. Only 14 gainers emerged against 38 declining stocks, indicating widespread bearish sentiment among investors.
On the positive side, NCR Nigeria led the gainers' chart with an impressive 10 percent price increase to close at N37.40 kobo. Royal Exchange followed with a 7.74 percent gain to finish at N1.99 kobo, while C&I Leasing appreciated by 6.00 percent to close at N5.30 kobo.
The losers' table was dominated by Neimeth International Pharmaceuticals and Omatek Ventures, both recording the maximum 10 percent price decline. Neimeth closed at N4.95 kobo while Omatek settled at N1.17 kobo. Tantalizers followed closely with a 9.75 percent drop to N2.50 kobo, while International Energy Insurance depreciated by 9.62 percent to N2.35 kobo.
Sectoral Performance and Trading Volume
Sectoral analysis revealed predominantly bearish performance across most indices. The Insurance sector led the decline with a 1.35 percent drop, followed by the Banking sector which fell by 1.22 percent. The Oil & Gas and Commodity sectors both eased by 0.18 percent, while the Industrial index slipped marginally by 0.005 percent. Only the Consumer Goods sector managed a modest gain of 0.09 percent.
Trading volume experienced a significant contraction, declining by 60.87 percent to 349.289 billion units. The total value of transactions stood at N9.298 billion, exchanged through 18,753 deals.
Fidelity Bank dominated the activity chart with 54.262 million shares valued at N1.032 billion. FCMB Group followed with 30.342 million shares worth N314.930 million, while Tantalizers traded 29.729 million shares valued at N77.505 million. Guaranty Trust Holding Company (GTCO) and Access Holdings also featured among the most active stocks during the trading session.
