Nov. 6, 2025
The Nigerian stock market extended its losing streak for the fourth consecutive session on Thursday, as investors recorded a combined loss of N348 billion due to widespread selloffs across major equities.
Trading data from the Nigerian Exchange (NGX) showed that losses in Legend Internet, Champion Breweries, Tantalizer, Sovereign Trust Insurance, Linkage Assurance, and 34 other declining stocks weighed heavily on market performance.
Specifically, the stock market capitalisation dropped from N95.664 trillion to N95.316 trillion, representing a 0.36 per cent loss.
Similarly, the All-Share Index fell by 547.32 points, or 0.36 per cent, to close at 150,573.87, compared with 150,026.55 recorded in the previous session. The year-to-date return also weakened further to 45.76 per cent, while market breadth closed negative, with 39 decliners and 15 gainers.
Among the top losers, Legend Internet led the chart with a 9.93 per cent fall to N5.26, followed by Champion Breweries, which dropped by 9.72 per cent to N14.40. Tantalizer lost 8.12 per cent to close at N2.15 per share, while Sovereign Trust Insurance dipped by 7.51 per cent to N3.08. Linkage Assurance also fell by 7.50 per cent to settle at N1.85 per share.
On the gainers’ list, UPDC topped with a 9.83 per cent increase to close at N6.59. FCMB followed with an 8 per cent rise to N10.80, while Omatek Ventures gained 7.44 per cent to finish at N1.30 per share. AIICO Insurance advanced by 5.35 per cent to N3.74, and AXA Mansard Insurance appreciated by 5.26 per cent to N14 per share.
Overall stock market activity declined, as the total volume, value, and number of deals all decreased. Investors traded 619.63 million shares worth N16.5 billion across 24,861 transactions, compared to 1.11 billion shares valued at N29.8 billion exchanged in 27,303 deals on Wednesday.
FCMB Group led in traded volume with 149.9 million shares worth N1.6 billion, followed by Consolidated Hallmark Holdings with 79.1 million shares valued at N319.7 million.
Zenith Bank recorded the highest transaction value in the stock market, trading 41.9 million shares worth N2.51 billion. Sterling Nigeria traded 38.5 million shares valued at N314.9 million, while Access Holdings transacted 32.3 million shares worth N731.4 million.
Analysts noted that continued profit-taking and weak investor sentiment have contributed to the market’s downturn, urging investors to remain cautious amid current volatility. Visit GMTNewsng for more news.
