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Reading: NGX Closes Week on a Bearish Note as Market Volume and Turnover Decline
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FinanceNews

NGX Closes Week on a Bearish Note as Market Volume and Turnover Decline

Kenneth Afor
Last updated: 2025/11/07 at 6:39 PM
Kenneth Afor
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Nigerian Stocks Dip 0.30% as Sell-Off Hits 35 Equities
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Trading activity on the Nigerian Exchange (NGX) closed on a weaker footing at the end of the last weekday session, with declines recorded in both market volume and turnover. 

A total of 527.15 million shares were traded in 24,616 deals, corresponding to a market value of ₦15.36 billion.

The figures reflect a 15% drop in traded volume and a 7% decline in turnover compared to the previous session on Thursday, November 6. Despite the slowdown in activity, the market maintained a valuation of ₦95 trillion in overall market capitalisation.

A total of 129 listed equities participated in the day’s trading, closing with 19 gainers and 40 losers, indicating widespread selling pressure across key sectors.

NCR Nigeria emerged as the top gainer of the day after appreciating by 9.94% to close at ₦19.35 per share. It was followed by McNichols (+9.82%), Eunisell Interlinked (+9.24%), and Deap Capital Management & Trust (+8.81%).

On the downside, Berger Paints posted the sharpest loss, sliding by 10% to close at ₦35.10 per share. Other major laggards included C&I Leasing (-9.86%), MeCure Industries (-9.77%), and Champion Breweries (-9.72%).

In terms of trading volume, Wema Bank led the market with 90.9 million shares exchanged, followed by Consolidated Hallmark Holdings (78.3 million), AXA Mansard Insurance (32.3 million), and Access Holdings (23.4 million).

News.ng reports that the mixed performance underscores continued investor caution amid macroeconomic uncertainties and sector-specific rebalancing ahead of upcoming earnings disclosures.

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Posted by Kenneth Afor
A graduate of Mass Communication from Yaba College of Technology with over four years in journalism (print and electronic) in several beats including business, politics, sports and entertainment.
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