Investors on the Nigerian Exchange (NGX) witnessed a significant downturn in the trading week ending Friday, November 21, 2025, with a staggering N2.1 trillion wiped off the market.
Market Performance Snapshot
The NGX All-Share Index (ASI) fell by 2.2% to close at 143,722.62 points. Consequently, the market capitalisation dropped by 2.23%, declining from the previous week's high to settle at N91.410 trillion. This sharp decline highlights a bearish week for equities.
Trading activity also saw a substantial decrease. A total of 2.668 billion shares, valued at N106.264 billion, were traded in 107,998 deals. This marks a significant drop from the previous week's volume of 7.325 billion shares worth N156.425 billion traded in 134,383 deals.
Sectoral Analysis and Top Traders
The Financial Services sector dominated market activity, accounting for 68.21% of the total turnover by volume. Specifically, 1.820 billion shares valued at N44.806 billion were exchanged in this sector.
The most actively traded stocks for the week were a combination of Access Holdings Plc, Tantalizers Plc, and Zenith Bank Plc. Together, they recorded 1.057 billion shares valued at N24.652 billion, representing 39.63% of the total equity turnover volume.
Winners and Losers of the Week
Despite the overall market slump, some companies recorded impressive gains. NCR (Nigeria) Plc led the pack, seeing its share price surge by 60.55% to close at N41.10. Other top gainers included University Press Plc, Tantalizers Plc, Caverton Offshore Support Group Plc, and UACN Plc.
On the flip side, the list of top decliners was led by International Energy Insurance Plc, which saw its share price plummet by 22.06%. Other significant losers were McNichols Plc, Veritas Kapital Assurance Plc, AIICO Insurance Plc, and LivingTrust Mortgage Bank Plc.
The market breadth closed negative, with 41 equities depreciating in value, while 52 appreciated and 53 remained unchanged.
