NASCON, Sky Aviation Lead Market Decline as Nigerian All-Share Index Slips 0.72%

The Nigerian stock market closed on a bearish note on Tuesday, November 4, 2025, as the All-Share Index (ASI) dropped by 0.72% to settle at 152,629.6 points. The dip reflected sustained selling pressure across key sectors, particularly among the FUGAZ stocks, pushing the market deeper into negative territory.

Despite the decline, trading activity strengthened as investors exchanged 683 million shares, up from 627 million shares recorded the previous session. However, overall market capitalization slipped below the ₦97 trillion mark, closing at ₦96.9 trillion across more than 33,000 deals, highlighting cautious sentiment among traders.

EUNISELL and SUNU Assurance emerged as the day’s top gainers, advancing by 10.00% and 9.98% respectively. On the flip side, NASCON Allied Industries and Sky Aviation (SKYAVN) led the losers’ chart, both dropping 10.00%, followed by Oando, UPDC, and Learn Africa, which also recorded notable declines.

In terms of trading volume, ASO Savings and FCMB dominated activity with 111.9 million and 110.1 million shares traded, respectively. Fidelity Bank, Zenith Bank, and FBN Holdings rounded out the top five, while Stanbic IBTC topped the value chart with ₦3.1 billion worth of transactions, ahead of Zenith Bank and Nestlé Nigeria.

Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed. Stanbic IBTC gained 0.31%, while International Breweries and Nigerian Breweries slipped. The FUGAZ group also traded unevenly, with GTCO, Access Holdings, UBA, and Zenith Bank all in decline, while FBN Holdings managed a slight 0.16% uptick. Analysts say the index’s resilience above the 150,000 mark suggests room for recovery once investor confidence returns and large-cap stocks regain traction.

source: nairametrics