The Nigerian stock market ended last week on a weaker note as turnover dropped, reversing earlier gains.
Investors exchanged 8.564 billion shares worth N99.936 billion in 177,870 deals, compared with 8.736 billion shares valued at N134.577 billion in 180,290 deals the previous week.
For the week ended August 15, 2025, the Financial Services Industry led activity with 6.916 billion shares worth N56.716 billion traded in 84,589 deals. This represented 80.75% of total equity turnover volume and 56.75% of value.
The Oil & Gas Industry followed with 387.647 million shares worth N8.502 billion in 11,249 deals, while the Agriculture Industry ranked third with 315.540 million shares valued at N6.019 billion in 11,747 deals.
Key performance indicators weakened as the NGX All-Share Index (ASI) and Market Capitalisation fell 0.51% each.
The index shed 746.59 basis points to close at 144,620.44, while Market Capitalisation declined by N472.36 billion to settle at N91.50 trillion.
The stock market decline was driven by profit-taking in medium- and large-cap stocks, including NEM, CONAHLLPLC, ELLAHLAKES, MTNN, and 35 others. The Insurance sector led the losses among major indices.
On a weekly basis, the market dropped 0.78%, wiping out N718 billion in investors’ wealth. Trading activity also weakened as total volume and value of trades fell by 43.93% and 36.80%, respectively.
