The Nigerian Exchange (NGX) closed bearish on Tuesday as major stocks including Wemabank, AIICO Insurance, Prestige Assurance, and ConhallPLC all lost 10 per cent, dragging market performance lower.
At the close of trading on September 2, 2025, investors exchanged 402.84 million shares worth ₦11.57 billion in 31,399 deals. The day’s performance reflected a 1 per cent decline in trading volume, a 22 per cent drop in turnover, and a 7 per cent decrease in deals compared with the previous session. Market capitalisation stood at ₦87.8 trillion.
Market Breadth Weakens
Out of 125 equities that traded, only 11 advanced while 48 declined, underscoring bearish sentiment across the market.
Top Gainers: NCR led the gainers’ chart with a 9.96 per cent increase, closing at ₦12.70 from ₦11.55. Austin Laz & Company rose 9.66 per cent to ₦3.18, while Tantalizers gained 6.09 per cent to ₦2.44. Multiverse advanced 5.50 per cent to ₦11.50, while FGSUK2033S6 added more than 6 per cent.
Top Losers: Wemabank dropped from ₦23.00 to ₦20.70, while AIICO fell from ₦3.80 to ₦3.42. Prestige Assurance declined from ₦1.80 to ₦1.62, and ConhallPLC slipped from ₦4.30 to ₦3.87. Ellah Lakes also lost 9.93 per cent to ₦11.43, while Champion Breweries fell 9.25 per cent to ₦15.70.
Activity Chart
GTCO was the most traded stock of the day, with 32.61 million shares worth over ₦3 billion. Access Holdings followed with 29.78 million shares, while AIICO Insurance posted 21.81 million shares. Ellah Lakes and Sovereign Trust Insurance also featured among the most active counters.
In the banking sector, Zenith Bank gained 0.93 per cent to ₦65.00, while UBA dropped 1.16 per cent to ₦46.70. Access Holdings fell 1.34 per cent, whereas Fidelity Bank rose 0.71 per cent to ₦21.15.
In industrial goods, Lafarge Africa shed 9.88 per cent to ₦110.85, while Dangote Cement closed flat at ₦520.20.
In consumer goods, Cadbury declined 8.33 per cent to ₦55.00, while International Breweries lost 6.72 per cent to ₦11.80. Nestlé and Nigerian Breweries held steady.
In insurance, losses were widespread, with Prestige, Consolidated Hallmark, and AIICO all hitting the maximum daily loss of 10 per cent.
In oil and gas, Seplat Energy closed unchanged at ₦5,379.30, while Oando added 1.04 per cent to ₦48.50.
Analysts attributed the bearish trend to profit-taking in banking, insurance, and industrial stocks, despite modest gains in ICT and hospitality counters. They noted that investors are likely to maintain a cautious stance pending macroeconomic updates and corporate earnings releases later in the month.
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