The Nigerian Exchange Limited (NGX) recorded a N2.8 trillion loss in market value last week, reflecting investor anxiety amid geopolitical tensions and domestic uncertainties.
The Nigerian stock market suffered a steep decline between November 3 and 7, 2025, as investors at the Nigerian Exchange Limited (NGX) lost N2.8 trillion in equity value. Market capitalisation fell sharply to N94.9 trillion, while the All-Share Index (ASI) dropped 2.99 per cent to 149,524.81 points from 154,126.46 points the previous week.
The market traded bearish throughout the week, with Monday posting a N245.88 billion loss, Tuesday N611.96 billion, and Wednesday recording the largest decline at N1.31 trillion. Thursday and Friday added further losses of N347.75 billion and N318.78 billion, respectively.
Market activity slowed, with 3.575 billion shares valued at N107.011 billion traded across 146,429 deals, down from 7.479 billion shares worth N145.429 billion the previous week. Financial services dominated trading, led by Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc.
On individual equities, NCR (Nigeria) Plc gained 20.94 per cent, while Sovereign Trust Insurance Plc fell 28.21 per cent. Analysts cited market volatility, macroeconomic uncertainty, and profit-taking as contributing factors. Investor confidence may also have been affected after President Donald Trump designated Nigeria a Country of Particular Concern over alleged killings of Christians and threatened military action.