Weekly Market Insight: All-Share Index Slides by 0.98%, Halting Seven-week Rally.
Overview of market performance for the week
The Nigerian All-Share Index concluded the trading week ended October 31, 2025, on a softer note, losing 1,518.59 points as investors’ profit-taking set in across key sectors.
The All-share Index fell by 0.98% week-on-week, closing at 154,126.46 points, down from 155,645.05 points in the previous trading week. Similarly, market capitalization slipped to N97.8 trillion compared to N98.7 trillion in the prior week, indicating a pullback in investors’ appetite.
The market started the week on a negative note, declining by 0.10% on Monday and 0.09% on Tuesday. The market extended the bearish movement, with only Friday ending on a positive note.
Despite the week’s decline, the Nigerian equities market concluded October with a monthly gain of 8%. This strong performance makes October the second-best month in 2025 so far, following the impressive surge of 16.57% in July.
The NGX Premium index dropped by 1.02% on account of losses in Dangote Cement (-0.75%), UBA(-4.64%), Zenith Bank (-6.25%), and Lafarge(-3.45%).
Among the sectors, the NGX Oil and Gas index only recorded a gain of 0.30% boosted by Oando PLC, which rallied 11.87%. Conversely, the NGX Insurance index declined by 3.47%, the NGX Consumer Goods index also slipped by 2.73%, along with the Banking index and Industrial Goods indices.
The review week ended with 29 equities as gainers, lower than 44 equities in the previous week. 70 equities declined in price while 47 equities remained flat.
Market Analysis
– ASI Weekly Close: 154,126.46 points
– Market Capitalization: N97.829 trillion
– Week-on-Week Change: -0.98%
– Year-to-Date Return: 49.74%
Top Gainers
ASO SAVINGS AND LOANS PLC up 56.06%
JULIUS BERGER NIG. PLC. up 13.28%
OANDO PLC up 11.87%
BERGER PAINTS PLC up 9.25%
ECOBANK TRANSNATIONAL INCORPORATED up 8.19%
Top Losers
OMATEK VENTURES PLC -21.94%
JOHN HOLT PLC. -16.92%
CAVERTON OFFSHORE SUPPORT GRP PLC -16.15%
NIGERIAN AVIATION HANDLING COMPANY PLC -15.90%
E-TRANZACT INTERNATIONAL PLC -15.33%
The moderation in the NGX performance reflects investors caution and profit-taking in key sectors after a seven-week bullish streak. However, the market remains positive overall, as the year-to-date and monthly returns reflect solid gains
