The Nigerian Exchange Limited (NGX) closed slightly lower for the second consecutive session on Tuesday as investors continued mild profit-taking following last week’s bullish close.
The All-Share Index (ASI) declined by 0.09% to 155,353.20 points, from 155,496.15 points on Monday, while the market capitalization dipped by ₦91 billion, closing at ₦98.607 trillion, compared to ₦98.698 trillion in the previous session.
Despite the decline, trading activity remained resilient, supported by improved sentiment in select insurance and industrial equities, even as profit-taking in banking and hospitality stocks dragged the overall market lower.
Market Summary
| Indicator |
October 27, 2025 |
October 28, 2025 |
% Change |
| ASI (Points) |
155,496.15 |
155,353.20 |
-0.09% |
| Market Capitalization (₦) |
98.698 trillion |
98.607 trillion |
-0.09% |
| Deals |
39,972 |
32,430 |
-18.9% |
| Volume (Shares) |
503.00 million |
525.45 million |
+4.5% |
| Value (₦) |
24.94 billion |
25.39 billion |
+1.8% |
Market turnover rose modestly, with 525.45 million shares worth ₦25.39 billion traded in 32,430 deals, up from 503.00 million shares valued at ₦24.94 billion the previous day. The slight increase in volume and value reflected sustained institutional positioning in select blue-chip stocks despite the overall index decline.
Top Gainers
| Company |
Previous (₦) |
Current (₦) |
Change (₦) |
% Change |
| Sovereign Trust Insurance Plc |
4.05 |
4.45 |
+0.40 |
+9.88% |
| Aso Savings & Loans Plc |
0.72 |
0.79 |
+0.07 |
+9.72% |
| Berger Paints Nigeria Plc |
38.90 |
42.50 |
+3.60 |
+9.25% |
| FGSUK2033S6 |
99.00 |
106.95 |
+7.95 |
+8.03% |
| Wapic Insurance Plc |
2.90 |
3.10 |
+0.20 |
+6.90% |
Insurance and construction stocks dominated the gainers’ chart, with Sovereign Trust Insurance (+9.88%) and Aso Savings (+9.72%) maintaining strong momentum following consecutive sessions of gains.
Berger Paints (+9.25%) led industrial stocks after renewed interest in building materials, while Wapic Insurance (+6.90%) continued its recovery, reflecting sustained investor confidence in the insurance sector.
The appreciation in FGSUK2033S6 (+8.03%) reflected slight adjustments in secondary bond pricing on the NGX platform.
Top Losers
| Company |
Previous (₦) |
Current (₦) |
Change (₦) |
% Change |
| McNichols Consolidated Plc |
3.29 |
3.00 |
-0.29 |
-8.81% |
| Lasaco Assurance Plc |
2.90 |
2.65 |
-0.25 |
-8.62% |
| John Holt Plc |
6.50 |
6.00 |
-0.50 |
-7.69% |
| Livestock Feeds Plc |
7.80 |
7.20 |
-0.60 |
-7.69% |
| Ikeja Hotel Plc |
20.50 |
19.00 |
-1.50 |
-7.32% |
The losers’ chart was led by McNichols (-8.81%) and Lasaco Assurance (-8.62%), reflecting a broad retreat in small- and mid-cap insurance stocks.
Livestock Feeds and Ikeja Hotel also declined amid short-term portfolio rotation and profit-taking from previous week’s gains.
John Holt (-7.69%) extended its losing streak for a third consecutive session following speculative selling pressure.
Top Traded Stocks
| Company |
Volume (Shares) |
Value (₦) |
| Sovereign Trust Insurance Plc |
42,645,345 |
187,291,806.74 |
| Fidelity Bank Plc |
41,965,897 |
797,229,955.50 |
| FBN Holdings Plc |
37,729,078 |
1,188,895,367.95 |
| Zenith Bank Plc |
28,141,691 |
1,800,400,217.50 |
| Stanbic IBTC Holdings Plc |
27,509,172 |
3,026,385,930.80 |
Trading remained dominated by tier-one banking stocks — FBN Holdings, Fidelity Bank, Zenith Bank, and Stanbic IBTC — accounting for over 35% of total market value.
However, insurance stocks such as Sovereign Trust also contributed significantly to volume, reflecting renewed activity in low-priced equities.
Fixed Income Market
| Instrument |
Previous (₦) |
Current (₦) |
Change (₦) |
| FG192053S3 |
98.38 |
103.50 |
+5.12 |
| FG202033S6 |
118.03 |
119.10 |
+1.07 |
| FG6B2029S5 |
100.00 |
100.00 |
0.00 |
| FGEUR2033S11 |
100.00 |
100.00 |
0.00 |
| FGS202139 |
85.00 |
85.00 |
0.00 |
The bond segment recorded a mixed session, with modest appreciation in select FGN securities such as FG192053S3 (+5.21%), driven by adjustments to secondary yields and investor positioning for fixed-income stability amid cautious equity trading.
Exchange-Traded Funds (ETFs)
| ETF |
Previous (₦) |
Current (₦) |
Change (₦) |
| STANBICETF30 |
510.00 |
525.00 |
+15.00 |
| VETBANK |
17.10 |
17.20 |
+0.10 |
| MERVALUE |
200.00 |
200.00 |
0.00 |
| VETINDETF |
59.40 |
59.40 |
0.00 |
| VETGOODS |
37.00 |
37.00 |
0.00 |
ETF trading was mostly flat, with the exception of STANBICETF30 (+2.94%) and VETBANK (+0.58%), which recorded minor gains on renewed interest in banking and industrial ETF baskets.
Market Interpretation
The NGX sustained a mild downward correction for the second straight session, as profit-taking outweighed new buy positions in major sectors.
Despite the negative close, market fundamentals remain solid — with value turnover rising and insurance stocks showing renewed accumulation.
Key takeaways:
-
Insurance sector outperformed all other sectors in terms of price gains and liquidity.
-
Banking sector held firm but witnessed targeted selling in tier-one counters.
-
Hospitality and agricultural stocks (Ikeja Hotel, Livestock Feeds) experienced moderate sell pressure.
Outlook
Analysts expect a technical rebound in midweek trading, supported by:
-
Anticipated Q3 earnings from major banks,
-
Sustained activity in insurance and industrial sectors, and
-
Stable exchange rate and oil price outlook.
However, cautious sentiment may persist as investors reassess valuation levels after last week’s ₦4.23 trillion market rally. The 155,000-point mark remains a critical support level for short-term market direction.
Summary Snapshot
| Indicator |
Value |
| ASI |
155,353.20 (-0.09%) |
| Market Cap |
₦98.607 trillion |
| Volume |
525.45 million shares |
| Value |
₦25.39 billion |
| Deals |
32,430 |
| Sentiment |
Mildly bearish due to profit-taking |
