Equities investors lose N1.17trn in fresh sell-offs

Last week’s gain at the close of the stock market was reversed yesterday as the Nigerian Exchange (NGX) opened the week bearish with equities’ investors losing more than N1.17 trillion. The huge loss came despite the addition of 1.96 billion ordinary shares of Chams Holding via private placement, suggesting the market daily loss was much […]

Last week’s gain at the close of the stock market was reversed yesterday as the Nigerian Exchange (NGX) opened the week bearish with equities’ investors losing more than N1.17 trillion.
The huge loss came despite the addition of 1.96 billion ordinary shares of Chams Holding via private placement, suggesting the market daily loss was much more.
Last week, the Nigerian Exchange shrank by over N4 trillion due to selloffs triggered by a new capital gains tax policy. The market, however, rebounded but failed to cover the initial loss.
In the new week, investors kept their sentiment in red with profit-taking across key indexes. Nigerian market key performance indicators plunged sharply, and year-to-date return moderated further.
The market index fell by 1.26% to close at 145,159.77 due to sell pressures, and market capitalisation reduced by N1.172 trillion to close at N92.32 trillion.
The bourse downtick was fuelled by sell pressure in some medium- and large-scale stocks across major market sectors, particularly within the industrial goods sector, which shed 4.48%.
Notable decliners included DANGCEM, TRANSCORP, ACCESSCORP, and EUNISELL, among others, as headline inflation drops further to 16.05% in October 2025.
Trading activities weakened as records showed that the total volume of all trades closed in the stock market declined by -92.64%, while the total value traded fell by -26.88%.
Stockbrokers reported that approximately 360.60 million units valued at N30,892.49 million were transacted across 27,975 deals.
TANTALIZER led the volume driver, accounting for 14.74% of all trades executed, followed by ARADEL (7.85%), GTCO (5.62%), ASOSAVINGS (5.17%), and STERLINGNG with 4.00%. ARADEL topped the value chart, accounting for 69.06%% of the total value of all trades executed in the local bourse.
SOVRENINS topped the best performer’s chart, gained +9.97%, closely followed by NCR (+9.96%), TANTALIZER (+9.81%), PRESTIGE (+9.70%), EUNISELL (+8.52%), IKEJAHOTEL (+8.33%), and twenty-two others.
A total of twenty-four stocks depreciated, according to data from the exchange. Top losers include DANGCEM and ENAMELWA with depreciation of -10.00% each.

 

Meanwhile, at the Nigerian Foreign Exchange Market (NFEM), the local currency, the naira, depreciated further against the US dollar as a slowdown in FX inflows reportedly tightened supply at the official window.

 

The exchange rate closed at 1,447.7089 yesterday as against 1,442.5907 with an intraday rate reaching 1,450.2500.