The Nigerian Exchange (NGX) All-Share Index snapped an 11-week upward trend, declining 0.77% to close at 144,628.20 points from 145,754.91 for the week ending August 15, 2025. This retreat shaved N700 billion off market capitalization, dropping it to N91.50 trillion from N92.20 trillion, despite a rise in trading volume to 8.5 billion shares from 7.7 billion the previous week, according to NGX data.
The market saw 50 stocks gain value, down from 66, while 49 declined, up from 41, with 47 unchanged. Mutual Benefits Assurance Plc led gainers, soaring 31.85% to an unspecified price, followed by Tripple Gee & Company Plc (30.23%) and Sunu Assurances Nigeria Plc (23.80% to N6.19). Other notable gainers included Mecure Industries Plc (20.50% to N19.10), Deap Capital Management & Trust Plc (19.26% to N1.61), and Julius Berger Nigeria Plc (17.14% to N147.60). UPDC Plc topped losers, falling 17.72%, with Livingtrust Mortgage Bank Plc down 16.00% and Berger Paints Plc dropping 14.67% to N32.00.
Sector performance was mixed, with the NGX Insurance Index surging 8.21%, driven by gains in over six insurance stocks, while the NGX Oil and Gas Index fell 1.42% due to declines in Oando, Seplat, and Aradel. The NGX Banking Index dipped 0.23%, and the Consumer Goods and Industrial Goods indices fell 0.94% and 0.83%, respectively. The Premium Index dropped 1.64%, and the NGX 30 Index shed 0.85%.
Corporate actions included Oando Plc’s shareholder approval for increased share capital, FirstHoldco’s announcement of its CFO’s retirement, and Presco Plc’s bid to acquire stakes in Ghana’s GOPDC and Saro Oil Palm Limited. Despite Nigeria’s broader economic gains, including a 67.12% rise in capital importation to $5.64 billion in Q1 2025, bearish sentiment and potential further declines in large-cap stocks signal caution for the coming week amid naira volatility (N1,560/$1 in the parallel market) and 22.22% inflation in June.
