The Nigerian stock market closed the week ended 14th November 2025 in negative territory, losing 2,511.22 points to finish at 147,013.59, despite strong gains in stocks like NCR (Nigeria) and Aso Savings & Loans.
Tracked by the Nigerian All-Share Index, the market had opened at 149,524.81, but a wave of panic selling earlier in the week erased about N4.6 trillion in value.
The downturn lingered despite a strong rebound the next day, when the market gained N2.6 trillion, following assurances from the Minister of Finance, Mr. Wale Edun.
His intervention likely eased concerns around Capital Gains Tax (CGT) and helped soften the weekly decline, though the market still ended in the red.
Activity, however, remained strong.
Reflecting the overall sentiment, market capitalization fell to N93.501 trillion, from N94.99 trillion a week earlier.
Market breadth showed some improvement:
Overall, the market ended the week under pressure but showed resilience beneath the volatility.
The Nigerian All-Share Index opened the week in the red, losing 0.46%.
A rebound began on Wednesday, likely driven by the Finance Minister’s reassurance on Capital Gains Tax (CGT).
The index rose 2.88%, continued to gain through the remaining two trading days, and eventually closed on Friday at 147,115.6.
The NGX Premium Index fell 2.74%, weighed down by a 10% drop in Dangote Cement, 2.06% in FIRST HOLDCO, 1.83% in SEPLAT, and 0.42% in MTN.
NGX 30 Index shed 1.73%, while the NGX Main Board Index declined by 1.00%.
On the positive side, the NGX Insurance Index gained 2.42%, supported by over 9% increases in CORNERSTONE INSURANCE, GUINEA INSURANCE, and INTERNATIONAL ENERGY INSURANCE.
The NGX Banking Index also closed higher, up 1.26%, while the Consumer Goods Index posted a modest 0.46% gain.
Leading the pack was NCR (NIGERIA) PLC, which soared 32.30% week-to-date, marking a standout performance and closing at N25.60. ASO SAVINGS AND LOANS PLC followed with a 14.44% gain, ending the week at N1.03.
Leading the pack was NCR (NIGERIA) PLC, which soared 32.30% week-to-date, marking a standout performance and closing at N25.60. ASO SAVINGS AND LOANS PLC followed with a 14.44% gain, ending the week at N1.03.
Other major gainers included:
On the flip side, UNION DICON SALT PLC led the laggards, shedding 18.71% week-to-date to close at N6.30. AUSTIN LAZ & COMPANY PLC followed with an 18.62% decline, finishing the week at N2.36.
Other notable decliners were:
The week featured several notable corporate disclosures and sector-wide developments:
Although the market closed in the red for the week ended 14th November, the All-Share Index appears to be positioning for a recovery toward the 150,000 mark, from which it previously slipped.
A full return of bullish momentum in large-cap stocks, which came under pressure the previous week, could likely drive the index higher in the sessions ahead.