NGX stock market loses N3.6tn in two weeks as market capitalization drops
Nigerian Exchange Group NGX
Nike Popoola
Stock market investors recorded a two-week loss of N3.6 trillion at the close of trading on Friday, November 21, 2025.
The market capitalization, which stood at N94.998 trillion on November 7, fell to N91.415 trillion by November 21, 2025. The NGX All-Share Index and market capitalization depreciated by 2.24% and 2.23%, closing the week at 143,722.62 points and N91.415 trillion respectively.
All other indices also ended lower, except the NGX Sovereign Bond Index, which gained 0.32%. During the week, 20 equities appreciated in price, down from 48 equities in the previous week. Meanwhile, 60 equities depreciated, higher than 45 in the prior week, and 67 equities remained unchanged, up from 53.
Data from the Nigerian Exchange (NGX) shows that a total of 2.668 billion shares worth N106.264 billion were traded in 107,998 deals, compared with 7.325 billion shares valued at N156.425 billion traded in 134,383 deals last week.
The Financial Services Industry led trading by volume, with 1.820 billion shares valued at N44.806 billion exchanged in 45,297 deals, accounting for 68.21% of total equity turnover volume and 42.16% of total value. The Services Industry followed with 324.191 million shares worth N1.761 billion in 8,018 deals, while the Oil & Gas Industry recorded 143.185 million shares worth N37.741 billion in 7,788 deals.
Top traded equities—Access Holdings Plc, Tantalizers Plc, and Zenith Bank Plc—accounted for 1.057 billion shares valued at N24.652 billion in 13,924 deals, representing 39.63% and 23.20% of total equity turnover volume and value respectively.
