NGX Bleeds N2.8 Trillion as Investor Sentiment Weakens Amid Trump’s Military Invasion Threat
NGX Weekly Market Performance Overview
The Nigerian Exchange (NGX) concluded the trading week ending November 7, 2025, under significant pressure, as equity values shed N2.8 trillion. The All-share index depreciated by 2.99% from the previous week’s close of 154,126.46 points to a close of 149,524.81 points. Similarly, market capitalization fell to N94.99 trillion, down from N97.8 trillion in the prior week.
The All-share index dipped below the 150,000 points mark, shedding 4,601.65 points as profit-taking took hold. Additionally, the market saw heightened selling activity as investor panic set in, driven by geopolitical tensions following US President Donald Trump’s military invasion threat.
All indices closed negatively week-on-week. Among the sectors, the NGX Insurance index led the pack of losers by 7.56%. The NGX Banking Index fell by 3.85% driven by a decline in ACCESSCORP and Zenith Bank, and NGX Industrial Goods slipped by 1.09%.
The week saw 20 equities appreciate in price, lower than the 29 equities in the previous week. In contrast, 75 equities declined in price while 51 equities remain unchanged.
Market Analysis
– ASI Weekly Close: 149,524.81 points
– Market Capitalization: N94.998 trillion
– Week-on-Week Change: -2.99%
– Year-to-Date Return: 45.27%
Top Gainers
NCR (NIGERIA) PLC. up 20.94%
EUNISELL INTERLINKED PLC up 20.17%
UNION DICON SALT PLC. up 9.93%
HONEYWELL FLOUR MILL PLC up 9.50%
UPDC PLC up 6.81%
LIVESTOCK FEEDS PLC. up 5.71%
Top Losers
SOVEREIGN TRUST INSURANCE PLC -28.21%
C & I LEASING PLC. -20.16%
SKYWAY AVIATION HANDLING COMPANY PLC -18.99%
BERGER PAINTS PLC -17.41%
INTERNATIONAL ENERGY INSURANCE PLC -17.01%
OANDO PLC -16.75%
The Nigerian Exchange (NGX) ended the week with a significant sell-off, bringing the year-to-date return to 45.77%. If geopolitical tensions persist, investor panic is likely to intensify, potentially putting further pressure on the market. Despite this, strong microeconomic indicators, including corporate earnings growth and resilient consumer demand, suggest that the fundamentals of the economy remain solid.
