The Nigerian All-Share Index (ASI) closed the week ended October 31 lower, losing 1,518.6 points and bringing an end to a seven-week winning streak.
Starting the week at 155,645.05, the index slipped to 154,126.46, representing a 0.98% decline amid reduced market activity.
Trading volume moderated to 2.5 billion shares, down from 3.69 billion in the previous week, while equity capitalization also declined from N98.7 trillion to N97.8 trillion across 159,487 deals.
Despite this pullback, the Nigerian stock market remains firmly positive year-to-date, with the All-Share Index posting a 49.74% gain so far in 2025.
The All-Share Index started the week in the red, shedding 0.10% on Monday and an additional 0.09% on Tuesday.
The bearish momentum intensified midweek, as the index plunged by 1,092.3 points on Wednesday, with the decline extending into Thursday.
However, the market staged a mild rebound on Friday, gaining 0.29% to close the week.
The NGX Oil and Gas Index was the lone gainer, rising 0.30% on the back of an impressive 11.87% surge in Oando.
Leading the pack was ASO SAVINGS AND LOANS PLC, which soared 56.06% week-to-date to close at N1.03. JULIUS BERGER NIGERIA PLC followed closely with a 13.28% gain, ending at N151.80.
Other major gainers included:
On the flip side, OMATEK VENTURES PLC led the laggards, shedding 21.94% week-to-date to close at N1.21, followed by JOHN HOLT PLC, which dropped 16.92% priced at N5.40.
Other notable decliners were:
The week was marked by several key corporate disclosures, particularly an outpouring of financial statements from companies listed on the NGX.
Despite the weekly decline, the Nigerian All-Share Index remains on a strong bullish trajectory above the 150,000-mark, as investors continue to identify attractive counters.
Positive sentiment following the Q3 earnings releases, especially among large-cap companies, is expected to support further upward movement in the index.