The Nigerian All-Share Index (ASI) closed the buying and selling day of November seventh in unfavourable territory, shedding 501.7 factors to settle at 149,524.8 factors. This marks the fifth consecutive day of losses, bringing the whole market worth erased through the week to N2.8 trillion.
Friday’s dip represents a 0.33% decline from yesterday’s shut of 150,026.6 factors, extending the weekly loss to 2.11%.
Market exercise additionally slowed, with 527 million shares traded, down from 619 million shares exchanged on Thursday.
Fairness capitalization mirrored the bearish sentiment, slipping to N94.9 trillion throughout 24,637 offers in comparison with N95.3 trillion within the earlier session.
In response to traders who spoke to Nairametrics, the panic selloffs are linked to the federal authorities’s proposed 25% capital positive factors tax set to take impact in January 2026, which is able to apply to earnings above a N150 million threshold.
Moreover, geopolitical tensions following U.S. President Donald Trump’s menace of army motion in opposition to Nigeria are being cited as a possible driver of international investor exits.
When it comes to buying and selling quantity, WEMABANK and CONHALLPLC dominated the exercise chart, exchanging probably the most shares for the day.
WEMABANK led with 90.8 million shares, adopted by CONHALLPLC with 78.3 million shares.
MANSARD ranked third with 32.3 million shares, whereas ACCESSCORP and ZENITHBANK rounded out the highest 5 with 23.3 million and 22.45 million shares, respectively.
WEMABANK topped the worth chart with trades value N1.7 billion.
GUINNESS adopted carefully with N1.69 billion, whereas ZENITHBANK posted N1.34 billion.
MTNN recorded N1.11 billion, and DANGCEM accomplished the highest 5 with N1.05 billion in worth traded.
Shares Price Over One Trillion Naira (SWOOTs):
Among the many FUGAZ group, efficiency was equally uneven:
Conversely, UBA fell 2.44%, ACCESSCORP declined 2.22%, and GTCO slipped 0.58%
The All-Share Index stays in a retracement part, which may deepen if promoting stress persists past the 149,000-point threshold.
Nonetheless, with traders digesting sturdy Q3 company earnings, sentiment towards large-cap shares might quickly enhance, doubtlessly reigniting bullish momentum within the classes forward.
