Investors Lost N1.31trn and NGXASI Fell 1.35% as Equities Sustained Bearish Trend; BDC Rate Closed Flat at N1,450/US$1
On Wednesday, November 5, 2025, the local equities market extended its losing streak, as the All-Share Index (ASI) fell 1.35% in intraday trading to close at 150,573.87 points, down from 152,629.60 points on the previous day. Investors lost N1.31trn as market capitalisation fell to N95.66trn, while the year-to-date (YTD) return declined to 46.29%.
Wednesday downtrend was driven by selloffs in stocks like TRANSCORP (-10.00%), SKYAVN (-9.99%), BETAGLAS (-9.99%), JBERGER (-7.77%), UACN (-7.69%), WAPCO (-7.14%), MTNN (-5.94%), DANGSUGAR (-4.14%), WEMABANK (-3.67%), OANDO (-2.89%), NAHCO (-2.70%), ETI (-1.83%), ETERNA (-1.39%), ZENITHBANK (-1.22%), and 31 others. NCR led the gainers’ list and traded above its 52-week high at N17.60, while CILEASING led the losers’ list. FIDELITYBK closed with the highest volume and value, with 608.16 million units traded, amounting to N13.95bn.
The Proshare memorandum indexes closed bullish in intra-day, with the price-weighted index up 0.07% to close at 937.45 points from 936.77 points previously, and the float-adjusted index up 0.24% to close at 628.87 points, up from 627.40 points in the previous session, outperforming the NGXASI.
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Volume and Value Contribution
The total volume traded increased by 63.36% to close at 1.12 billion valued at N29.78bn in 27,303 deals. FIDELITYBK, the most traded equity in terms of volume, contributed 54.43% of the total volume traded, while STERLINGNG and ZENITHBANK followed with 7.31% and 4.80%, respectively, of the daily traded volume.
FIDELITYBK is the most traded, accounting for 46.86% of total value traded, followed closely by ZENITHBANK and GTCO.
NGX Earnings Summary
No Financial Statement was released on the NGX website today.
NGX Corporate News
For more analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Similarly, the NASD Securities Index (NSI) closed bearish, down 0.69% at 3,624.65 points on Wednesday, from 3,649.72 points on Tuesday.
The total volume traded advanced to 526,165 valued at N9.58m across 21 deals.
At the close of trading, the NASD OTC recorded two (2) gainers and one (1) loser.
1.3 Global Indices
The global indices closed higher on Wednesday, with Mexico’s IPC leading the gainers’ 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.
3.1 AFEX Indices
On Wednesday, the AFEX ACI increased 2.43% to close at N50.41, while AEI closed flat at N61.23, respectively. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At the AFEX Commodity Market on Wednesday, maize and soybeans increased by 4.61% and 0.30% to close at N388.50 and N690.49, respectively. 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 Wednesday, 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 0.81% and 0.93%, respectively, to close at US$3,982.57 and US$47.99. Brent and WTI crude oil futures decreased 0.54% and 0.69%, respectively, to close at US$64.09 and US$60.14 as of 2:26 PM GMT on Wednesday, as investors digested weaker economic data from top oil importers while U.S. inventory data provided some support.
The average BDC rate closed flat on Wednesday at N1,450/USD, while the NFEM rate closed at N1,433.66/USD on Tuesday. For updates on the Nigerian FX Market, kindly click here.
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