The Nigerian Stock Market ended Thursday, 20 November 2025, on a bearish note, with the All-Share Index (ASI) slipping 458.98 points to close at 144,187.03, representing a 0.32% decline from the previous session. Market capitalization also fell slightly to N91.70 trillion, down from N92.00 trillion, highlighting the ongoing cautious sentiment among investors.
Trading activity slowed considerably, with total volume dropping to 349.2 million shares, a sharp fall from 892 million shares the day before. Despite the overall market downturn, some stocks bucked the trend, giving investors a glimmer of hope amidst the widespread losses.
NCR and ROYALEX emerged as the top gainers of the day, surging 10.00% and 7.57% respectively. Other notable gainers included CILEASING (+6.00%), LIVINGTRUST (+3.87%), and RTBRISCOE (+3.55%). On the other hand, NEIMETH and OMATEK led the decliners, each losing 10%, while TANTALIZERS and INTENEGINS dropped nearly 10%, signaling a challenging session for several blue-chip stocks.
In terms of trading activity, FIDELITYBK recorded the highest volume at 54.2 million shares, followed by FCMB with 30.3 million. The value of trades was dominated by GTCO, which saw N2.1 billion worth of shares exchanged, with FIDELITYBK and ZENITHBANK close behind. These figures reflect selective investor interest in specific banking and financial stocks despite the broader market weakness.
Looking ahead, market analysts suggest the ASI remains under pressure, but a potential rebound in mid- and large-cap stocks could support recovery in the near term. If sentiment improves, the index may reclaim levels above 150,000, offering cautious optimism for investors seeking opportunities in a challenging trading environment.
source: Nairametrics