The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market capitalisation fell by ₦4 billion amid a significant drop in trading volume and weakening investor sentiment across multiple sectors.
Data from the NGX showed that the market capitalisation declined from ₦93.804 trillion on Monday to ₦93.800 trillion at the close of trading, representing a slight dip. The All-Share Index also edged lower by 6.27 points, closing at 147,710.96, reflecting cautious investor behaviour amid a slowdown in market activity.
Trading momentum cooled sharply, with only 262.39 million shares valued at ₦8.26 billion exchanged in 16,671 deals. This marked a steep 58% fall in traded volume, a 39% slide in turnover, and a 47% drop in the number of transactions compared to the previous session. Analysts say the decline reflects a mix of profit-taking by investors and uncertainty in the broader economic environment.
Market sentiment remained largely negative, as 26 stocks ended in the red against 18 gainers. Regency Alliance Insurance led the day’s gainers with a 9.56% jump to ₦1.49 per share, followed by Wapic Insurance, which rose 6.45% to ₦3.30. Other notable gainers included Sterling Financial Holdings and Legend Internet, up 5.84% and 5.45%, respectively. On the losers’ chart, Austin Laz & Company shed 7.94% to ₦2.90 per share, while Caverton Offshore Support Group fell 6.93% to ₦6.45 per share. Guinea Insurance and Berger Paints also dropped by over 5%.
Fidelity Bank led trading activity with 41.3 million shares exchanged, followed by Access Holdings with 21.2 million shares. Chams and Sovereign Trust Insurance recorded 19.8 million and 17.9 million shares, respectively. Sector performance was mixed: the Insurance Index rose by 1.01%, and the Industrial Index gained 0.3%, while the Premium Index slipped by 0.09%. Despite the day’s loss, the market remains resilient with a strong year-to-date growth of 43.51%, signaling investor confidence in the long-term prospects of the Nigerian capital market.
source: punch