The Nigerian stock market suffered a sharp decline over the five‑day period from 3 November to 7 November 2025, with investors losing an estimated N2.8 trillion. Equity market capitalisation fell to N94.9 trillion, and the All‑Share Index (ASI) dropped 2.99 percent, ending the week at 149,524.81 points versus 154,126.46 points the week before. The market remained bearish throughout, beginning with a loss of N245.88 billion on Monday, followed by a further N611.96 billion decline on Tuesday. Wednesday saw the largest single‑day drop of N1.31 trillion, and the sell‑offs continued with losses of N347.75 billion on Thursday and N318.78 billion on Friday, culminating in the total weekly loss of N2.8 trillion.
Trading activity also slowed markedly. Investors exchanged 3.575 billion shares worth N107.011 billion in 146,429 deals, compared with 7.479 billion shares valued at N145.429 billion in 159,487 deals the previous week. The financial services sector dominated trading volume, led by Fidelity Bank Plc, FCMB Group Plc and Aso Savings & Loans Plc.
In terms of price movement, 20 equities appreciated during the week, 75 declined, and 51 remained unchanged. The top gainers were NCR (Nigeria) Plc, up 20.94 percent, and Eunisell Interlinked Plc, up 20.17 percent. The biggest losers were Sovereign Trust Insurance Plc, down 28.21 percent, and C & I Leasing Plc, down 20.16 percent.
These results highlight persistent investor concerns about market volatility, macro‑economic uncertainty and profit‑taking across multiple sectors. Recent developments, such as President Donald Trump’s designation of Nigeria as a “Country of Particular Concern,” may have further dampened confidence. As the market navigates these challenges, investors will be watching closely for signs of stability and growth. Restoring investor trust will be crucial for the broader economy, underscoring the need for policymakers to address the underlying issues.
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