The Nigerian All-Share Index (ASI) closed the trading week ended September 4, 2025, on a negative note, shedding 1,315.49 points to settle at 138,980.01 from 140,295.50.
This translates to a 0.94% weekly loss for Customs Street, marking its fourth straight week of declines, as some premium stocks ended in the red.
Trading volume slipped slightly, with 3.1 billion shares changing hands compared to 3.19 billion in the prior week.
Equity capitalization also tracked the decline, closing at N87.93 trillion, down from N88.76 trillion the week before.
Market breadth was weak.
Market overview:
The week began on Monday in the red, shedding over 570 points. The decline intensified on Tuesday and lingered into Wednesday.
However, Thursday closed in the green as the index staged an 822-point recovery, trimming the weekly loss. Friday was a public holiday.
The NGX Premium Index fell 1.42%, dragged mainly by LAFARGE (-13%), along with declines of under 4% in UBA, ACCESSCORP, ZENITH BANK, and FIRSTHOLDCO.
NGX 30 also mirrored the broader market, dropping 0.77%, while the NGX Main Board Index slipped 0.67%.
Sectoral performance:
Leading the pack was SOVEREIGN TRUST INSURANCE PLC, which soared 14.23% week-to-date, marking a standout performance. SECURE ELECTRONIC TECHNOLOGY PLC followed closely with a 12.94% gain.
Other major gainers included:
On the flip side, DAAR COMMUNICATIONS PLC led the laggards, shedding 21.10% week-to-date. UPDC PLC followed with a 13.85% drop.
Other notable decliners were:
The week was marked by several key corporate disclosures and sector-wide developments:
The week was marked by several key corporate disclosures and sector-wide developments:
Market outlook:
The All-Share Index is currently in a retracement that could extend further, potentially testing the 135,000 level.
However, if the downward pressure eases across key sectoral indices, particularly in banking and industrial goods, the ASI may find support and begin a corrective rebound.