Lagos, Nigeria – 1 November 2025
Trading activity on the Nigerian
Exchange (NGX) surged this week as investors exchanged 7.48 billion shares
worth ₦145.43 billion in 159,487 deals — almost double the 3.70 billion shares
valued at ₦129.89 billion recorded last week.
Despite the surge in market
activity, the NGX All-Share Index (ASI) fell by 0.98% to close at 154,126.46
points, while market capitalisation settled at ₦97.83 trillion. The decline
reflected mild profit-taking and a cautious trading mood.
Financial
Stocks Drive Turnover
The Financial Services
Industry dominated trading again, accounting for 88.77% of total equity volume
and 51.32% of value. A total of 6.64 billion shares worth ₦74.63 billion were
traded in 65,294 deals.
The Services Industry
followed with 215.58 million shares valued at ₦2.71 billion, while the Consumer
Goods Industry came third with 125.93 million shares worth ₦7.33 billion.
Top trades were driven by Cornerstone
Insurance Plc, Wema Bank Plc, and Guaranty Trust Holding Company Plc, which
together accounted for 70.43% of total equity turnover volume and 33.67% of
total value.
Market Leaders
and Laggards
In total, 29 equities
appreciated in price this week, down from 44 gainers last week. 70 stocks
declined, compared to 49 the previous week, while 47 stocks remained unchanged.
Top Gainers:
- ASO Savings and Loans Plc jumped 56.06% from
₦0.66 to ₦1.03.
- Julius Berger Nigeria Plc rose 13.28% to ₦151.80.
- Oando Plc climbed 11.87% to ₦48.05.
- Berger Paints Plc, Ecobank Transnational, and Okomu
Oil Palm Plc also recorded strong gains.
Top Losers:
- Omatek Ventures Plc plunged 21.94% to ₦1.21.
- John Holt Plc and Caverton Offshore Support Group
Plc fell 16.92% and 16.15% respectively.
- NAHCO, E-Tranzact International, and AXA Mansard
Insurance Plc also closed lower.
Sector
Performance
Most major indices finished
the week in negative territory:
- Insurance Index fell 3.47%
- Banking Index dropped 2.11%
- Consumer Goods Index slid 2.73%
However, some indices
posted modest gains:
- NGX AFR Dividend Yield Index: +0.73%
- NGX MERI Growth Index: +1.01%
- Oil and Gas Index: +0.30%
- Sovereign Bond Index: +0.50%
- Commodity Index: +0.15%
Exchange-Traded
Products (ETPs) and Bonds
In the ETP market,
investors traded 409,292 units valued at ₦26.54 million in 639 deals, up from 206,880
units worth ₦28.02 million last week.
The bond market recorded 13,515
units worth ₦13.32 million in 17 deals, compared to 336,046 units valued at ₦282.93
million last week — showing a sharp decline in bond trading volume.
New Listings on
the NGX
The week saw fresh listings
of Federal Government Bonds, including the October 2025 FGN Savings Bonds and
the June and August 2025 FGN Bonds, offering coupon rates between 14.06% and
17.95%.
These additions reflect continued government efforts to deepen Nigeria’s debt
market and attract investors seeking stable returns.
Suspension
Notice: Thomas Wyatt Nigeria Plc
Trading in the shares of Thomas
Wyatt Nigeria Plc was suspended on Friday, 31 October 2025, for failing to file
its Audited Financial Statements for the year ended 31 March 2025 and Unaudited
Financial Statements for the quarter ended 30 June 2025.
According to the Exchange’s
rules, the suspension will remain until the company submits the required
reports to the NGX and Securities and Exchange Commission (SEC).
Market Outlook
Analysts say the surge in
turnover shows that liquidity remains healthy in the market, but the slight
index decline suggests investors are still cautious amid mixed corporate
results and macroeconomic uncertainty.
“Investors are trading
actively, especially in financial and consumer goods stocks, but many are also
booking profits after recent rallies,” said a Lagos-based stock analyst.
With inflation and interest
rates still influencing sentiment, market watchers expect cautious optimism in
the coming week as investors position ahead of more earnings releases and
economic policy signals.
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