By Sofiyyah Layole
The Nigerian Exchange (NGX) closed the week ended November 21, 2025 on a bearish note as renewed sell pressure across key sectors dragged the market further into negative territory. The All-Share Index (ASI) fell by 2.24 per cent to 143,722.62 points, while market capitalisation declined by 2.23 per cent to ₦91.42 trillion.
Trading activity weakened considerably, with investors transacting 2.67 billion shares valued at ₦106.26 billion in 107,998 deals, a sharp drop from the previous week’s 7.33 billion shares worth ₦156.43 billion exchanged in 134,383 deals.
The Financial Services sector accounted for the bulk of activity, contributing 68.21 per cent of total volume as 1.82 billion shares worth ₦44.81 billion crossed the floor. It was followed by the Services and Oil & Gas sectors, which recorded 324.19 million shares and 143.19 million shares respectively.
Access Holdings, Tantalizers and Zenith Bank led trading by volume, jointly accounting for 39.63 per cent of total turnover.
Market breadth remained weak, with only 20 gainers recorded during the week compared to 60 losers, reflecting heightened investor caution.
Among the week’s standout performers, NCR Nigeria Plc topped the gainers’ chart after its share price rose by 60.55 per cent to close at ₦41.10. University Press Plc also posted a strong advance of 17.65 per cent, followed closely by Tantalizers Plc and Caverton Offshore Support Group, which gained 17.29 per cent and 17.02 per cent respectively. UACN Plc rounded off the top tier of performers with a 16.67 per cent appreciation.
On the downside, International Energy Insurance Plc led the decliners after shedding 22.06 per cent to close at ₦2.12. McNichols Plc also recorded significant losses, dropping 14.90 per cent, while Veritas Kapital Assurance Plc fell by 14.89 per cent. AIICO Insurance Plc and LivingTrust Mortgage Bank Plc completed the group of major laggards with declines of 13.70 per cent and 13.53 per cent respectively, underscoring the broad sell sentiment that shaped the week.
Sectoral performance mirrored the overall downtrend, with most indices closing in the red. The Insurance Index shed 7.05 per cent, the Banking Index declined by 3.85 per cent, and the Industrial Goods Index dipped by 4.50 per cent. The only bright spot was the NGX Sovereign Bond Index, which gained 0.32 per cent.
In corporate developments, Chams Holding Company Plc listed an additional 1.96 billion ordinary shares on the NGX following a private placement, increasing its total issued shares to 6.65 billion.
The Exchange also announced the full suspension of trading in the shares of Aso Savings and Loans Plc to allow for reconciliation ahead of the listing of its reconstructed shares.