The Nigerian stock market extended its bearish run on Tuesday, November 18, 2025, as investors watched their portfolios shrink following a 0.12% decline in trading activities.
Market data revealed that the All-Share Index (ASI) dropped from 145,159.77 points to 144,986.51 points, reflecting sustained negative sentiment among market participants.
Market Capitalisation and Investor Losses
The decline translated to significant financial losses for investors, with market capitalisation falling by N110.20 billion to close at N92.22 trillion. The year-to-date return also moderated to 40.86%, indicating a cooling-off period after previous gains.
Market activity weakened considerably, with only 381.23 million shares valued at N16.72 billion changing hands across 21,827 deals. This represents a noticeable slowdown in trading momentum compared to previous sessions.
Top Performers and Decliners
Despite the overall market downturn, several companies managed to post gains. NCR Plc led the advancers with a 9.95% gain, closing at N30.95 per share after adding N2.80 to its value.
Other notable gainers included UPL Plc (9.80%), Tantalizer Plc (9.79%), Caverton Offshore Support Group (9.57%), and Union Dicon Salt Plc (9.52%).
On the opposite end, LivingTrust Mortgage Bank Plc topped the losers' chart with a 9.90% decline, falling from N4.14 to N3.73 per share. Other significant decliners included McNichols Plc (-9.00%), Livestock Feeds Plc (-7.75%), Regency Alliance Insurance Plc (-6.56%), and UPDC Plc (-6.14%).
Most Actively Traded Stocks
Tantalizer Plc emerged as the most actively traded stock by volume, with 58.78 million shares worth N145.99 million exchanged. Sterling Financial Holdings Plc followed with 31.41 million shares valued at N242.42 million.
Other heavily traded stocks included Unions Assurance Plc (28.10 million shares), Veritas Kapital Assurance Plc (25.25 million shares), and Aradel Holdings Plc, which recorded the highest value turnover at N9.50 billion despite trading only 16.35 million shares.
Market analysts attributed the continued bearish trend to profit-taking activities, particularly in major banking and industrial stocks that had previously recorded substantial gains. The weakening investor sentiment reflects ongoing cautious trading in the Nigerian equities market.
