Equities Decline Continues As Investors’ Investments Shed N371bn

The Nigerian equities market remained under pressure for the fourth consecutive session, as risk-off sentiment and portfolio rebalancing drove further depreciation in asset valuations.

The All Share Index (ASI) lost 584.32 points, representing a loss of 0.38 per cent to close at 153,676.66 points. Also, market capitalisation lost N371 billion to close at N97.543 trillion.

The overall downturn was impacted by losses recorded in medium—and large-capitalised stocks, including Aradel Holdings, Nigerian Aviation Handling Company (NAHCO), Cadbury Nigeria, UACN, and Lafarge Africa.

On market outlook, Imperial Asset Managers Limited said, “We expect the market to trade mixed in the next session as investors continue to engage in profit-taking on recently appreciated stocks while selectively positioning in fundamentally sound counters amid ongoing Q3 2025 earnings releases and year-end portfolio adjustments.”

Market breadth was distinctly bearish, with losers outnumbering gainers 39 to 20. Oando recorded the highest price gain of 10 per cent to close at N46.80 per share. Aso Savings & Loans followed with an increase of 9.30 per cent to close at 94 kobo, while AIICO Insurance rose by 5.26 per cent to close at N4.00 per share.

May & Baker Nigeria rose by 5.00 per cent to close at N17.85, while Deap Capital Management & Trust appreciated by 4.97 per cent to close at N1.90 per share.

On the other hand, Cadbury Nigeria, Chams Holding Company and International Breweries led the losers’ chart by 10 per cent each to close at N62.55, N3.51 and N12.60, respectively, per share. Learn Africa followed with a decline of 9.92 per cent to close at N5.90, while NAHCO shed 9.49 per cent to close at N113.00 per share.

The total volume traded appreciated by 75.73 per cent to 795.863 million units, valued at N35.110 billion, and exchanged in 28,944 deals. Transactions in the shares of Wema Bank topped the activity chart with 305.736 million shares valued at N5.667 million. Guaranty Trust Holding Company (GTCO) followed with 97.921 million shares worth N8.717 billion, while Aso Savings & Loans traded 75.383 million shares valued at N70.860 million.

Chams Holding Company traded 24.571 million shares valued at N87.005 million, while AIICO Insurance sold 16.240 million shares worth N64.165 million.