UPDC, FCMB Lead Market Gainers as All-Share Index Slips 0.36% Amid Weak Trading Activity

The Nigerian stock market closed on a bearish note on Thursday, November 6, 2025, as the All-Share Index fell by 547.32 points, or 0.36%, to close at 150,026.55 points, down from 150,573.9 points recorded in the previous session. The decline marked a struggle by the market to maintain the 150,000-point threshold, signaling cautious investor sentiment.

Market capitalization also dipped in tandem, slipping to N95.3 trillion from N95.6 trillion the previous day. Trading activity weakened significantly, as total volume traded dropped to 619.6 million shares, compared to 1.1 billion shares in the prior session, across 24,865 deals.

Despite the market downturn, UPDC and FCMB emerged as the day’s top performers, gaining 9.83% and 8.00% respectively. On the losing side, LEGENDINT shed 9.93%, followed by CHAMPION, which declined by 9.72%. The trading floor saw FCMB lead the activity chart with 149.9 million shares valued at about N1.5 billion, reflecting growing investor interest in the financial services sector.

In terms of value traded, ZENITHBANK topped the chart with N2.5 billion, followed by GUINNESS (N1.6 billion), FCMB (N1.59 billion), DANGCEM (N1.49 billion), and GTCO (N1.08 billion). Among the major market groups, LAFARGE gained 1.54%, while MTNN dropped 2.49%. The FUGAZ stocks showed mixed performance, with UBA up 1.36%, while ACCESSCORP, ZENITHBANK, and GTCO all recorded slight losses.

Analysts say the market is undergoing a mild retracement phase that may persist if selling pressure continues around the key 150,000-point mark. However, optimism remains as investors digest strong Q3 earnings from top companies, which could help revive buying interest and sustain positive momentum in the coming sessions.

source: nairametrics