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The Digest:

The Nigerian Exchange Group (NGX) witnessed a severe sell-off this week, shedding approximately N2.8 trillion in market capitalization as investor confidence wavered. The All-Share Index fell for five consecutive days, closing at 149,524.8 points—a 2.11% weekly decline—amid rising geopolitical tensions and proposed fiscal policies.

Key Points:
  • Market capitalization dropped to N94.9 trillion from N95.3 trillion
  • The All-Share Index fell 501.7 points in a single day
  • Investors traded 527 million shares across 24,637 deals
  • Sell-offs were driven by the proposed 25% capital gains tax on profits above ₦150 million
  • Foreign investors are exiting due to fears of U.S. military threats
  • NCR and MCNICHOLS led gainers, rising 9.94% and 9.82%
  • BERGER and CILEASING topped losers, falling 10.00% and 9.86%
  • WEMABANK and CONHALLPLC recorded the highest trading volumes
As external pressures and internal policies shake the market, the week’s downturn reveals how deeply financial stability is tied to both governance and global sentiment, navigating storms not just of economics, but of uncertainty.

Sources: Nigerian Exchange Group, Market Analysis