Investors lose over ₦300bn as the Nigerian Stock Market Records Its First Loss of the Week
- The Nigerian stock market has recorded its first loss for the week on Wednesday, August 27, 2025
- The poor performance was caused by insurance, consumer goods stocks and and banking stocks
- For the day, DEAP Capital, Legend International, and Honeywell Flour Mills led the gainers' table
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s equities market recorded its first negative close of the week on Wednesday, August 27, 2025.
Data from the Nigerian exchange revealed that the benchmark NGX All-Share Index (ASI) the ASI declined to 141,248.76 points from 141,761.36 points in the previous session.
Source: Getty Images
Market capitalisation dropped to ₦89.372 trillion from ₦89.696 trillion, indicating a loss of ₦324 billion for investors
Year-to-date (YtD) return moderated to 37.23%, though the month-to-date (MtD) return remained positive at 0.99%.
A total of 682.89 million shares worth ₦22.22 billion were exchanged in 28,695 deals, higher than the previous session.
Sector performance
- NGX Insurance Index: −3.42% (biggest decline)
- NGX Consumer Goods Index: −0.86%
- NGX Banking Index: −0.76%
- NGX Oil & Gas Index: +0.18% (only gainer)
Top gainers
- DEAP Capital Management & Trust Plc: +₦0.08 to ₦1.74/share (+4.82%)
- Legend International Services Plc: +₦0.25 to ₦5.65/share (+4.63%)
- Honeywell Flour Mills Plc: +₦0.90 to ₦22.50/share (+4.17%)
- Tantalizers Plc: +₦0.09 to ₦2.59/share (+3.60%)
- Afriprudential Plc: +₦0.50 to ₦16.50/share (+3.13%)
Source: Getty Images
Top losers
- Federal Government of Nigeria Sukuk 2031 Series IV (FGSUK2031S4): −₦16.93 to ₦80.00/share (−17.47%)
- Cornerstone Insurance Plc: −₦0.71 to ₦6.39/share (−10.00%)
- RT Briscoe Plc: −₦0.34 to ₦3.06/share (−10.00%)
- Lotus Halal Equity Exchange Traded Fund (ETF): −₦8.60 to ₦77.43/share (−10.00%)
- ABC Transport Plc: −₦0.49 to ₦4.51/share (−9.80%)
Market activity
The most actively traded stocks were:
- First City Monument Bank Holdings Plc (FCMB Holdings) – 108.49m shares, ₦1.19bn
- Sterling Financial Holdings Company Plc (Sterling Nigeria) – 86.04m shares, ₦688.08m
- Cutix Plc – 45.81m shares, ₦155.69m
- Access Holdings Plc (AccessCorp) – 39.34m shares, ₦1.08bn
- FBN Holdings Plc (First Holdco) – 35.78m shares, ₦1.16bn
Analysts’ outlook
Vetiva Research analysts noted they “remain wary of sell-side pressure re-emerging given this week’s sharp decline in turnover.”
They added that near-term rate increases in the secondary market “could prompt rotation out of equities into fixed income, especially while prices stay range-bound.”
CardinalStone Research also stated in its Model Equity Portfolio update:
“This week, we will maintain our current portfolio positioning across board while monitoring investors’ sentiment, particularly in light of the upcoming H1’25 banking sector earnings releases.”
Otedola becomes chairman FBN Holdings
Earlier, Legit.ng reported that First Bank of Nigeria Holdings Plc has appointed the Femi Otedola, as its new chairman.
Otedola, also the chairman of Geregu Power, succeeds the outgoing chairman of the FBN Board, Ahmad Abdullahi.
Recall that Otedola was appointed to the Board of FBN Holdings Plc on August 15, 2023, as a Non-Executive Director after acquiring a 5.07 percent equity stake.
Source: Legit.ng
