Nigerian Stock Market Loses Over N90 Billion, Heavyweight Stocks Drive Decline

The Nigerian stock market continued its bearish trend on October 28, 2025, with the NGX All-Share Index dipping by 0.09% to close at 155,353.20 points. Investors lost over N90.73 billion as market capitalization fell to N98.61 trillion year-to-date.

The decline was fueled by a selloff in heavyweight stocks across the banking, consumer goods, and industrial sectors. Top decliners included Ikeja Hotel PLC (NGX: IKEJAHOTEL), PZ Cussons PLC, and Wema Bank PLC (NGX: WEMABANK).

Zenith Bank (NGX: ZENITHBANK), Access Bank (NGX: ACCESSCORP), and other major banks were among the top performers. A total of 525.45 million shares worth N25.40 billion were traded in 32,430 deals.