Nigerian investors lost N2.8 trillion last week as ASI dropped 2.99 per cent, weighed down by geopolitical concerns and profit-taking across multiple sectors.
The Nigerian stock market recorded significant losses last week, with investors at the Nigerian Exchange Limited (NGX) shedding N2.8 trillion between November 3 and 7, 2025. Equity market capitalisation fell to N94.9 trillion, while the All-Share Index (ASI) declined 2.99 per cent to 149,524.81 points.
Monday’s trading alone saw N245.88 billion wiped off, escalating to N611.96 billion on Tuesday. Wednesday posted the week’s worst loss of N1.31 trillion, with further declines on Thursday and Friday of N347.75 billion and N318.78 billion, respectively.
Market activity slowed, with 3.575 billion shares worth N107.011 billion traded in 146,429 deals. Financial services dominated volume, led by Fidelity Bank, FCMB Group, and Aso Savings & Loans.
NCR (Nigeria) Plc led gains with 20.94 per cent, while Sovereign Trust Insurance Plc fell 28.21 per cent. Analysts attributed the sell-offs to macroeconomic uncertainty, profit-taking, and President Donald Trump’s designation of Nigeria as a Country of Particular Concern.