Nigerian Equities Dip as NASCON and SKYAVN Lead Market Decliners
The Nigerian stock market closed lower on Tuesday, November 4, 2025, as sustained selling pressure pushed the benchmark index into negative territory.
The All-Share Index (ASI) dropped by 1,109.5 points, or 0.72%, closing at 152,629.6 points. This marked a decline from the previous session’s close of 153,793.1 points, with most stocks in the FUGAZ category finishing in the red.
Despite the bearish sentiment, trading activity intensified. The total volume of shares traded rose to 683 million, up from 627 million the day before. Market capitalization also eased, falling to N96.9 trillion across 33,288 deals.
Top Gainers and Losers
EUNISELL and SUNU ASSURANCE led the gainers, advancing by 10.00% and 9.98%, respectively.
Conversely, NASCON and SKY AVIATION (SKYAVN) were the day’s biggest laggards, both recording a 10.00% decline.
Trading Activity and Value
In terms of volume, ASO SAVINGS and FCMB dominated, trading the highest number of shares for the session.
By transaction value, Stanbic IBTC led with trades worth N3.1 billion, followed by Zenith Bank at N2.3 billion and Nestlé Nigeria at N1.5 billion.
SWOOT and FUGAZ Performance
Performance was mixed among the Stocks Worth Over One Trillion Naira (SWOOT). Stanbic IBTC gained 0.31%, while International Breweries and Nigerian Breweries fell 2.61% and 2.10%, respectively.
The FUGAZ banking stocks also saw an uneven close. GTCO, Access Holdings, UBA, and Zenith Bank all declined, while FirstHoldCo was the sole gainer, inching up 0.16%.
Market Outlook
Despite the day’s decline, the All-Share Index remains comfortably above the 150,000-point level. Market participants appear to be adopting a cautious stance, re-evaluating positions following recent gains. A resurgence of bullish momentum in large-cap stocks could provide the next catalyst for an upward move.