The Nigerian Exchange Limited (NGX) closed the trading week ended Friday, 14th November 2025, on a bearish note as the benchmark All-Share Index (ASI) fell by 1.68% to 147,013.59 points, while market capitalization declined by 1.58% to ₦93.501 trillion.
This downturn reflects increased sell-pressure despite a significant rise in market participation.
Market Turnover Surges
Investors exchanged 7.325 billion shares valued at ₦156.425 billion across 134,383 deals, a notable improvement from 3.575 billion shares worth ₦107.011 billion traded in 146,429 deals last week.
Sector Contribution
-
Financial Services Industry dominated activity with 6.497 billion shares worth ₦87.381 billion in 56,148 deals,
accounting for 88.69% of total volume and 55.86% of total value.
-
Consumer Goods Industry followed with 180.775 million shares valued at ₦12.015 billion in 16,378 deals.
-
Services Industry placed third with 138.365 million shares worth ₦2.402 billion in 7,869 deals.
The top traded equities by volume were Cornerstone Insurance Plc, Access Holdings Plc, and Zenith Bank Plc, jointly contributing 64.87% of total volume and 26.29% of the total value.
Market Breadth Improves
Market sentiment strengthened as 48 stocks appreciated during the week, compared to 20 gainers in the previous week.
Meanwhile:
Performance of NGX Indices
Despite gains recorded across several key indices, overall sentiment remained bearish:
| Index |
Close (07 Nov) |
Close (14 Nov) |
WtD % |
MtD % |
QtD % |
YtD % |
| NGX All-Share Index |
149,524.81 |
147,013.59 |
-1.68 |
-4.61 |
3.02 |
42.83 |
| NGX Banking Index |
1,409.88 |
1,427.63 |
+1.26 |
-2.64 |
-5.71 |
31.64 |
| NGX Pension Index |
6,723.51 |
6,743.05 |
+0.29 |
-3.76 |
0.28 |
49.15 |
| NGX Insurance Index |
1,138.08 |
1,165.62 |
+2.42 |
-5.33 |
-2.13 |
62.34 |
| NGX Consumer Goods Index |
3,444.41 |
3,460.37 |
+0.46 |
-2.09 |
2.65 |
99.83 |
| NGX Industrial Goods Index |
5,891.14 |
5,480.72 |
-6.97 |
-7.98 |
8.13 |
53.43 |
| NGX Premium Index |
15,129.15 |
14,713.93 |
-2.74 |
-6.40 |
7.53 |
51.38 |
Indices such as NGX CG, Banking, Pension, Insurance, MERI Growth, MERI Value, and Sovereign Bond Index posted varying gains, signalling selective bullish positioning among investors.
Top 10 Gainers
| Company |
Open (₦) |
Close (₦) |
Gain (₦) |
% Change |
| NCR Nigeria Plc |
19.35 |
25.60 |
+6.25 |
32.30% |
| Aso Savings & Loans Plc |
0.90 |
1.03 |
+0.13 |
14.44% |
| Champion Breweries Plc |
13.00 |
14.50 |
+1.50 |
11.54% |
| International Energy Insurance Plc |
2.44 |
2.72 |
+0.28 |
11.48% |
| Secure Electronic Technology Plc |
0.75 |
0.83 |
+0.08 |
10.67% |
| Cornerstone Insurance Plc |
5.52 |
6.10 |
+0.58 |
10.51% |
| Japaul Gold & Ventures Plc |
2.09 |
2.29 |
+0.20 |
9.57% |
| Guinea Insurance Plc |
1.15 |
1.26 |
+0.11 |
9.57% |
| FTN Cocoa Processors Plc |
4.80 |
5.25 |
+0.45 |
9.38% |
| Legend Internet Plc |
5.26 |
5.74 |
+0.48 |
9.13% |
Top 10 Losers
| Company |
Open (₦) |
Close (₦) |
Loss (₦) |
% Change |
| Union Dicon Salt Plc |
7.75 |
6.30 |
-1.45 |
-18.71% |
| Austin Laz & Co Plc |
2.90 |
2.36 |
-0.54 |
-18.62% |
| Multiverse Mining & Exploration Plc |
11.75 |
10.05 |
-1.70 |
-14.47% |
| Dangote Cement Plc |
660.00 |
594.00 |
-66.00 |
-10.00% |
| Academy Press Plc |
7.50 |
6.75 |
-0.75 |
-10.00% |
| Transcorp Power Plc |
342.00 |
307.80 |
-34.20 |
-10.00% |
| Tripple Gee & Co Plc |
4.91 |
4.42 |
-0.49 |
-9.98% |
| Associated Bus Company Plc |
4.24 |
3.82 |
-0.42 |
-9.91% |
| Red Star Express Plc |
10.20 |
9.20 |
-1.00 |
-9.80% |
| Abbey Mortgage Bank Plc |
7.20 |
6.50 |
-0.70 |
-9.72% |
Market Highlight: New Listing
The Exchange announced the listing of 1,000,000,000 units of the MOFI Real Estate Investment Series 2 Fund at ₦100 per unit under the ₦1 trillion issuance programme, effective Tuesday, 11 November 2025.
Outlook for the Coming Week
Investors are expected to trade cautiously as the market digests recent price corrections and sector-rotation continues.
Renewed interest in banking, insurance, and growth-focused counters could provide pockets of resilience, while profit-taking in large-cap industrials may continue to weigh on the broader index.
