Stock Market Extend Weekly Downward Momentum, Drops by N439bn

Kayode Tokede 

The Nigerian stock  market extended its downward trend last week by N439 billion loss, sustaining the investors profit-taking momentum from the previous week trading activities. 

The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 0.50 per cent week-on-week to close at 140,295.50  basis points. Consequently, the Month-till-Date (MtD) and  Year-till-Date(YTD) return moderated to +0.3per cent and +36.3per cent, respectively.

In tandem, market capitalisation dropped by N439 billion to close the week at N88.769 trillion as of August 29,2025. 

From a sectoral performance, there was declines across the NGX Banking Index (-1.2per cent), NGX Insurance index (-1.0per cent), NGX Consumer Goods index (-0.9per cent),NGX  Industrial Goods index (-0.4per cent), and NGX Oil & Gas index (-0.2per cent)  to reflect the overall stock market performance August-end trading activities. 

The bearish trend further dampened investor confidence, as evidenced by the weak market breadth, with only 31 gainers against 57 decliners. McNichols led the gainers table by 18.75 per cent to close at N3.80, per share. NEM Insurance followed with a gain of 17.29 per cent to close at N31.20, while Berger Paints went up by 15.31 per cent to close to N36.90, per share.

On the other side, Secure Electronic Technology led the decliners table by 22.73 per cent to close at 85 kobo, per share. Guinea Insurance followed with a loss of 19.77 per cent to close at N1.42, while Lasaco Assurance declined by 13.29 per cent to close at N3.00, per share.

Overall, a total turnover of 3.199 billion shares worth N85.399 billion in 142,477 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 4.773 billion shares valued at N107.426 billion that exchanged hands previous week in 152,965 deals.

On market outlook for this week, United Capital Plc stated that “equity market could be cautiously optimistic, driven by expectations of a potential interest rate cut from the Central Bank of Nigeria due to moderating inflation, alongside a relatively stable Naira and an increase in foreign reserves.”

Cowry Asset Management Limited noted that “we anticipate a mixed performance in the Nigerian equities market, with cautious sentiment likely to dominate amid tight liquidity and lingering macroeconomic pressures. Sell pressure in the Banking and Industrial Goods sectors may persist, while bargain-hunting in oversold counters, particularly within Consumer Goods and Insurance could drive mild recoveries.

“Overall, the market is expected to trade range-bound with a slight bearish bias, barring any major policy pronouncements or corporate catalysts. However, we continue to advise investors to position in stocks with strong fundamentals.”

In the near term, analysts at Cordros Research added that,  “the absence of clear catalysts is likely to keep sentiment cautious, with selective interest concentrated in fundamentally strong equities.

“Over the medium term, sentiment will likely be shaped by macroeconomic developments — including growth, inflation, and policy direction — as well as movements in fixed income yields, which could further influence asset (re)allocation decisions between equities and debt instruments.”

The post Stock Market Extend Weekly Downward Momentum, Drops by N439bn appeared first on THISDAYLIVE.

  • Related Posts

    Amidst Demand, Consumer Goods Index Emerges Best Performing Indicator on NGX

    Kayode Tokede Following demand for BUA Foods Plc, among others, the Consumer Goods Index emerged as the best performing indicator on the Nigerian Exchange Limited (NGX) in the first eight months…

    Sanwo-Olu: Technology Adoption, PPP Will Enhance Govt Service Delivery

    Emma Okonji Lagos State Governor, Babajide Sanwo-Olu has said the strategic adoption of emerging technologies across Ministries, Departments and Agencies (MDAs) of government, will boost government service delivery to the…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Amidst Demand, Consumer Goods Index Emerges Best Performing Indicator on NGX

    Sanwo-Olu: Technology Adoption, PPP Will Enhance Govt Service Delivery

    Polution: NIMASA Charges Ships Operating in Nigeria on MARPOL Compliance

    Customs Commission Advanced Cargo Screening X-ray Machine at SAHCOL

    Predicting Long-term Naira Stability, CBN Reforms Offer Relief in Living Costs

    Non-oil Exports as Fulcrum of Sustainable, Diversified Economy

    Stock Market Extend Weekly Downward Momentum, Drops by N439bn

    STOAN Congratulates NPA Boss on Election as IAPH Vice-President

    Addosser Finance Celebrates Historic Opening of First Regional Branch

    Kaduna resident doctors to begin indefinite strike September 1

    NAFDAC seals illegal cosmetic factory Shine Shine Skincare in Lagos over unsafe cosmetic production 

    Nigeria’s 70% broadband goal at risk as NCC records decline again in July 

    Nigeria records 16,000 suicides annually as Senator pushes bill to decriminalize attempted suicide 

    Jigawa State Governor unveils N1.2 billion solar mini-grid across 10 distribution transformers    

    Former Inspector General of Police, Arase, dies in an Abuja hospital

    NDLEA raids 71.5-hectare cannabis farm in Taraba, destroys 178,750kg harvest 

    FG unveils new curriculum for primary, secondary, and technical schools in Nigeria 

    Speaker directs investigation into alleged unfair recruitment exercise in National Assembly 

    Nigerian box office crosses N10 billion in revenue after 8 months  

    U.S. Embassy, consulate in Nigeria to close September 1 for Labor Day 

    Nigeria’s gas production rises to 7.59 billion SCFD as flaring drops – NUPRC

    Nigeria’s gas production rises to 7.59 billion SCFD as flaring drops – NUPRC

    Weekly Market Wrap: Nigerian stock market drops 0.50%, extends third red week 

    Top Nigerian wealthy businessmen who succeeded without university degree 

    Nigeria’s healthcare industry a driver of national competitiveness

    FG credits Naira rebound to oil receipts, diaspora remittances, and FX backlog clearance

    Nigeria’s gas flaring falls by 7.16% in July 2025 as gas production hits 7.59bscfd 

    Report: Nigerian Entertainment Industry to Grow to $13.6bn by 2028, Industry a Global Model for Export

    To Decongest Lagos Ports, NPA Moves to Revive Delta Ports, Board Meets Oborevwori, Other Stakeholders

    Cutix Q1 profit slumps amid rising input costs and mounting finance costs 

    CAC shifts implementation of new service fees to October 1, 2025 

    ICRC: 13,595 families searching for 23,659 missing persons in Nigeria

    Katsina govt revokes licences of all private and community schools

    Top 10 countries to migrate to for better salaries and career growth in 2025 

    Tetracore Energy Commissions 6.2MMscfd Phase II CNG Facility in Ogun State, strengthening Nigeria’s clean energy drive 

    Top 10 remittance apps Nigerians abroad use for sending and receiving money  

    All-Share Index posts modest 0.31% August gain — how did the sectors perform?