Equities Extends Bearish Trend on Thursday, as Investors Lost N371bn; BDC Rate Appreciates to N1,465/US$1

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Equities on the NGX sustained a bearish trend on Thursday, as the benchmark All-Share Index (ASI) lost 0.38% in intra-day to close at 153,676.66 points on Thursday from 154,260.98 points in the previous session. Investors lost N370.90bn as market capitalisation dropped to N97.54trn, while the year-to-date (YTD) return eased to 49.31%.

Market downtrend was driven by selloffs in heavyweight stocks like CADBURY (-10.00%), NAHCO (-9.49%), UACN (-6.47%), NGXGROUP (-4.27%), ARADEL (-2.25%), TRANSCORP (-2.19%), WAPCO (-1.75%), GTCO (-1.49%), ZENITHBANK (-1.10%), ACCESSCORP (-0.65%), OKOMUOIL (-0.02%), and 28 others. OANDO led the gainers’ list, while CADBURY led the losers’ list. Meanwhile, ASOSAVINGS and ETI traded above their 52-week high at N0.94 and N39.90, respectively. WEMABANK closed with the highest volume, with 305.74 million units traded, while GEREGU closed with the highest value, amounting to N8.77bn.

The Proshare memorandum indexes also closed bearish in intra-day, with the price-weighted index down 0.09% to close at 937.14 points from 938.00 points previously, and the float-adjusted index fell 0.24% to close at 635.02 points, down from 636.55 points in the previous session.

Volume and Value Contribution

The total volume traded increased by 75.73% to close at 795.86m valued at N35.11bn in 28,944 deals. WEMABANK, the most traded equity in terms of volume, contributed 38.42% of the total volume traded, while GTCO and ASOSAVINGS followed with 12.30% and 9.47%, respectively, of daily traded volume.

GEREGU is the most traded, accounting for 24.97% of total value traded, followed closely by GTCO and WEMABANK.

NGX Earnings Summary

Meyer Plc Q3 2025 Financial Statement – NGX
Wema Bank Plc Q3 2025 Financial Statement – NGX
Morison Industries Plc Q3 2025 Financial Statement – NGX
Sunu Assurances Nigeria Plc Q3 2025 Financial Statement – NGX
University Press Plc Q2 2026 Financial Statement – NGX
The Initiates Plc Q3 2025 Financial Statement – NGX
Nigerian Aviation Handling Company Plc Q3 2025 Financial Statement – NGX
Totalenergies Marketing Nigeria Plc Q3 2025 Financial Statement – NGX
Oando Plc Q3 2025 Financial Statement – NGX
Neimeth International Pharmaceuticals Plc Q3 2025 Financial Statement – NGX
International Energy Insurance Plc Q3 2025 Financial Statement – NGX
UAC of Nigeria Plc Q3 2025 Financial Statement – NGX
Vitafoam Nig Plc Year End Financial Statement For 2025 – NGX
Universal Insurance Plc Q3 2025 Financial Statement – NGX
Daar Communications Plc Q3 2025 Financial Statement – NGX
Aradel Holdings Plc Q3 2025 Financial Statement – NGX
Seplat Energy Plc Q3 2025 Financial Statement – NGX
Veritas Kapital Assurance Plc Q3 2025 Financial Statement – NGX

NGX Corporate News

Oando Plc 9m 2025 Unaudited Results Release – NGX
Berger Paints Nigeria Plc Corporate Action Announcement – NGX
Veritas Kapital Assurance Plc Earning Forcast – NGX
UAC Of Nigeria Plc Earning Release – NGX
FCMB Group Plc Notices Of Board Meeting – NGX
Aradel Holdings Plc Resolutions From Q3 Board Meeting – NGX
Seplat Energy Plc Q3 2025 Interim And Special Dividend Payment – NGX

For more analysis of the NGX-listed equities, click here.

1.2 NASD OTC Exchange – Unlisted Equities

Conversely, the NASD Securities Index (NSI) closed bullish, up 0.46% at 3,609.02 points on Thursday, from 3,592.37 points on Wednesday.

The total volume traded declined to 12.25 million valued at N27.18m across 22 deals.

At the close of trading, the NASD OTC recorded three (3) gainers and zero (0) losers.

1.3 Global Indices

The global indices closed lower on Thursday, with Mexico’s IPC leading the losers chart. For more updates on the Global scene, click here.

1.4 African Indices

The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.

2. Bonds and Fixed-Income Markets

2.1 Debt Market Size

The Debt Market Size was unavailable at the time of publishing this report.

2.2 Overnight and Open Repo (OPR)

The Overnight and Open Repo rates were unavailable while preparing the report.

3. Commodities Market

3.1 AFEX Indices

On Thursday, the AFEX ACI and AEI closed flat at N49.62 and N62.11, respectively. Data on AFEX Indices can be accessed here.

3.2 AFEX Commodity Prices

At the AFEX Commodity Market on Thursday, the price of the commodities remains unchanged. Click here to access more data on AFEX commodity prices.

3.3 LCFE Commodity Price(s)

Eko Gold, Premium Eko Rice, and Eko Rice Classic prices at the Lagos Commodities and Futures Exchange (LCFE) remained unchanged on Thursday, closing at N140,000.00 per gram, N70,000.00 per 50kg, and N66,000 per 50kg, respectively.

3.4 Global Commodity Prices

In the global commodity market, Gold and Silver advanced by 0.34% and 1.19%, respectively, to close at US$4,000.23 and US$48.59. Brent increased 0.19% to close at US$64.44, while WTI decreased 0.68% to close at US$60.07 as of 2:26 PM GMT on Thursday, as investors assessed a potential trade truce between the United States and China, as President Donald Trump lowered tariffs on China after a meeting with President Xi Jinping in South Korea.

4. Currency / FX Market

The average BDC rate appreciated 0.68% from N1,475/USD to N1,465/USD, while the NFEM rate closed at N1,444.42/USD on Wednesday. For updates on the Nigerian FX Market, kindly click here.