Connect with us

Finance

Weak Sentiment Persists at NGX Despite Heavy Insurance Stock Demand

Published

on

stock - Investors King

The Nigerian Exchange (NGX) opened the first trading session of December in negative territory, extending last week’s mild bearish momentum as investors repositioned across financials and mid-cap names.

The All-Share Index (ASI) declined by 0.22% to close at 143,210.33 points from 143,520.53 points, while market capitalization fell to ₦91.089 trillion, driven by renewed sell-pressure in consumer and service counters.

Market Performance

Indicator 01 Dec 2025
ASI Close 143,210.33
% Change -0.22%
Deals 28,956
Volume Traded 1.466 billion units
Value Traded ₦18.666 billion
Equity Cap ₦91.089 trillion
Bond Cap ₦51.226 trillion
ETF Cap ₦37.093 trillion

Turnover surged on the back of strong interest in insurance and banking stocks, particularly Cornerstone Insurance.

Top 5 Gainers

Symbol Last Close Current Change % Change
NCR ₦54.65 ₦60.10 +₦5.45 +9.97%
SUNUASSUR ₦3.92 ₦4.28 +₦0.36 +9.18%
CHAMPION ₦12.95 ₦14.00 +₦1.05 +8.11%
MECURE ₦27.70 ₦29.80 +₦2.10 +7.58%
GUINEAINS ₦1.10 ₦1.18 +₦0.08 +7.27%

NCR extended its recent breakout with another strong close.

Top 5 Losers

Symbol Last Close Current Change % Change
INTBREW ₦11.50 ₦10.35 -₦1.15 -10.00%
RTBRISCOE ₦3.44 ₦3.10 -₦0.34 -9.88%
LOTUSHAL15 ₦82.00 ₦74.20 -₦7.80 -9.51%
CORNERST ₦6.00 ₦5.53 -₦0.47 -7.83%
DAARCOMM ₦0.92 ₦0.86 -₦0.06 -6.52%

Profit-taking weighed heavily on recently-active consumer and insurance stocks.

Most Actively Traded Stocks

Symbol Volume Value (₦)
CORNERST 908,817,489 4,590,339,963.57
WEMABANK 113,254,084 2,071,668,810.20
ACCESSCORP 93,915,421 1,972,619,233.35
FIDELITYBK 59,873,976 1,138,980,040.10
ZENITHBANK 25,019,107 1,501,566,682.80

Cornerstone Insurance accounted for over 62% of total market volume for the day.

Fixed Income Market (FGN Securities)

Symbol Previous Current Change
FG162029S1 ₦98.00 ₦100.00 +2.00
FG172035S1 ₦20.00 ₦20.00 0.00
FG182042S1 ₦100.00 ₦100.00 0.00
FGEUR2029S4 ₦100.00 ₦100.00 0.00
FGEUR2038S7 ₦100.00 ₦100.00 0.00

Demand remained steady with gains in FG162029S1 reflecting renewed appetite for mid-term sovereign bonds.

ETF Market Overview

Symbol Previous Current Change
STANBICETF30 ₦1,048.00 ₦1,152.20 +₦104.20
VSPBONDETF ₦208.90 ₦215.00 +₦6.10
VETINDETF ₦52.00 ₦53.00 +₦1.00
SIAMLETF40 ₦700.00 ₦700.01 +₦0.01
MERGROWTH ₦430.00 ₦430.00 0.00

ETF performance continues to reflect defensive diversification by institutional investors.

Market Outlook

Sentiment remains cautious as investors weigh:

  • December corporate guidance

  • Potential yield movements in fixed income

  • Portfolio switching into high-dividend banking names

Liquidity remains robust, but the market may stay range-bound until clearer macroeconomic triggers emerge.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

Comments
Advertisement
Advertisement
Advertisement