Nigerian Stock Market Drops by N362.8 Billion in First Trading Activities of September 2025

Strategic Insights -

The Nigerian Stock Market, represented by the Nigerian Exchange Limited (NGX), experienced a significant drop of N362.8 billion in its first trading activities in September 2025, largely driven by investors' profit-taking in companies such as Lafarge Africa Plc, Zenith Bank Plc, and Oando Plc. The NGX All-Share Index (ASI) also declined by 0.4% to 139,722.19 basis points, following a 5.4% drop in Lafarge Africa's stock price and 6.3% depreciation in Oando's stock price. The market capitalization closed at N88.406 trillion, down from N88.769 trillion. Market sentiment remained weak, with a negative breadth of 15 advancing stocks against 33 decliners.

Key Takeaways:

  • The NGX stock market dropped by N362.8 billion in the first trading activities of September 2025.
  • Lafarge Africa's stock price declined by 5.4%, while Oando's stock price depreciated by 6.3%, contributing to the market drop.
  • The NGX All-Share Index (ASI) fell by 0.4% to 139,722.19 basis points, down from 140,295.50 basis points.
  • The market capitalization closed at N88.406 trillion, down from N88.769 trillion.
  • Sectoral performance was broadly negative, with the NGX Banking Index down by 1.1%, NGX Industrial Goods dipping by 0.9%, and NGX Oil and Gas depreciating by 0.5%.
  • Sovereign Trust Insurance emerged as the highest price gainer of 10% to close at N2.86 per share, followed by SCOA Nigeria with a gain of 9.83% to close at N6.59 per share.
  • Ellah Lakes, Eterna, and Veritas Kapital Assurance led the losers' chart with 10% each to close at N12.69, N34.20, and N1.89 per share, respectively.

Statistics:

  • N362.8 billion: The total drop in market capitalization in the first trading activities of September 2025.
  • 5.4%: Lafarge Africa's stock price decline.
  • 6.3%: Oando's stock price depreciation.
  • 0.4%: Decline in NGX All-Share Index (ASI) to 139,722.19 basis points.
  • N88.406 trillion: Closing market capitalization.
  • 15: Number of advancing stocks.
  • 33: Number of decliners.

Sources:

  • "Nigerian Stock Market Drops by N362.8 Billion in First Trading Activities of September 2025" (Source: This Day)
  • "Lafarge Africa, Oando, others drag NGX market capitalisation down" (Source: Vanguard News)