The Nigerian equities market depreciated by N4.6 trillion on Tuesday as investors profit-taking momentum continue to wash away investors return inn November 2025.
The local market has seen downwarrd trend this month as investors traded with caution amid President Donald Trump threatening military action over the continued killing of Christians by Islamist militants in the country.
Investors’ profit-taking in fundamental companies dragged the market capitalisation to N89.885 trillion on Tueesday, about N4.6trillion or 4.9per cent drop from N94.526trillion it closed for trading on Monday.
Consequently, the Nigerian Exchange Limited All-Share Index (NGX ASI) closed for trading at 141,327.30 basis points, a 5.01 per cent or 7,454.60basis points decline from 148,781.90 basis points it opened for trading.
Capital market analysts attributed the downward movement in the Nigerian stock market to speculative trading by investors.
In a post on Truth Social, Trump said he had instructed the Pentagon to “prepare for possible action” and warned of an immediate suspension of U.S. aid to Nigeria, Africa’s most populous nation and an OPEC member.
President Bola Tinubu rejected Trump’s comments, calling them a misrepresentation of Nigeria’s “consistent and sincere efforts to safeguard freedom of religion and belief for all Nigerians.”
The Managing Director, Globalview Capital Limited, Mr. Aruna Kebira stated that investors’ profit-taking in Dangote Cement Plc, Aradel Holdings Plc, among others impacted on the stock market performance.
“If the stock market maintained its downward trend throughout this week, it can easily be linked to threats by President Donald Trump. The stock market is meant to react to market forces as witnessed in investors profit-taking in Aradel Holdings and 38 others.
“We cannot conclude that investors reacted to President Donald Trump’s threats. Possibly it is going to happen is uncertain,” Kebira added.
Speaking also, the Vice President, Highcap Securities Limited, Mr David Adnori stated that investors on the NGX traded with caution, stressing that the Nigerian market , currently dominated by local investors, can withstand external shocks.