The Nigerian equities market extended its losing streak for the fourth consecutive week, with the All-Share Index (ASI) declining 0.94% to close at 138,980.01 points for the week ending September 4, 2025.
This marks a weekly loss of 1,315.49 points from the previous 140,295.50, as several blue-chip stocks dragged the market lower. Market capitalization also declined to N87.93 trillion, compared to N88.76 trillion the prior week.
Trading activity remained sluggish, with 3.1 billion shares exchanged, down from 3.19 billion in the previous week. Market breadth was negative, as only 19 equities advanced, while 64 declined, and 64 remained flat.
Sectoral indices showed mixed performances:
- The industrial goods index fell the hardest, down 2.08%, largely due to Lafarge’s 13% loss.
- The banking index shed 1.52%, weighed down by Tier-1 and Tier-2 bank losses.
- Consumer goods dropped 1.18%, driven by steep declines in Champion Breweries and PZ Cussons.
- Oil & Gas and Insurance also ended lower, dipping 0.77% and 0.36%, respectively.
Among the week’s top performers were Sovereign Trust Insurance Plc (+14.23%) and Secure Electronic Technology Plc (+12.94%), while DAAR Communications Plc (-21.10%) and UPDC Plc (-13.85%) led the laggards.
The market also witnessed a flurry of corporate announcements, including Fidson Healthcare’s MoU with Japanese firm Ohara, and Sovereign Trust Insurance’s plans to raise N20 billion in new capital.
Looking ahead, analysts warn that the index could test the 135,000 level if selling pressure persists, though banking and industrial goods stocks may provide support for a rebound.
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