Nigerian Stock Market Ends Week Lower Despite Strong Gains in NCR and Aso Savings & Loans

The Nigerian stock market closed the week ended November 14, 2025, in negative territory, losing 2,511.22 points to finish at 147,013.59, despite remarkable gains from stocks like NCR (Nigeria) Plc and Aso Savings & Loans Plc. The Nigerian All-Share Index (NGX ASI) had opened at 149,524.81 but faced early-week panic selling that wiped out about N4.6 trillion in market value.

The downturn persisted even after a partial rebound mid-week, when the market gained N2.6 trillion following assurances from Finance Minister Wale Edun. His intervention, which calmed investor fears over the Capital Gains Tax (CGT), helped limit the week’s losses. Trading activity remained robust, with investors exchanging 7.32 billion shares worth N156.42 billion across 134,383 deals, up from 3.57 billion shares valued at N107.01 billion the previous week.

Sector performance highlighted the volatility, with the Industrial Goods Index bearing the brunt of the decline, dropping 6.97% due to a 10% fall in Dangote Cement and a 6.67% slide in BUA Cement. Mid-cap stocks also struggled, while the NGX Oil and Gas Index slipped 0.85%. On the brighter side, the NGX Insurance and Banking indices rose 2.42% and 1.26%, respectively, led by gains in Cornerstone Insurance, Guinea Insurance, and International Energy Insurance.

Leading individual stock performers included NCR (Nigeria) Plc, which surged 32.30% to close at N25.60, and Aso Savings & Loans Plc, which gained 14.44%, finishing at N1.03. Other top gainers were Champion Breweries, International Energy Insurance, and Secure Electronic Technology Plc. On the downside, Union Dicon Salt Plc fell 18.71%, Austin Laz & Company Plc lost 18.62%, and Dangote Cement dropped 10%, among other notable decliners.

Corporate actions shaped market sentiment during the week. PZ Cussons announced proposed directors’ remuneration, Zenith Bank Staff Provident Fund purchased N2.3 billion in shares, Presco opened a N236.67 billion rights issue, and MOFi listed a N1 trillion Series 2 MREIF on NGX. Despite closing in the red, analysts anticipate a potential recovery toward the 150,000 mark as large-cap stocks regain momentum in the coming sessions.

source: Nairametrics