Stock Market Plumps N4.6trn, Worst Loss in Decade
Nigeria’s stock market suffered a very brutal session on Tuesday, November 11, 2025, as panic-driven selloffs wiped out a whopping N4.6 trillion in market value.
Panic-driven selloffs on Tuesday wiped a staggering N4.61 trillion out of the Nigerian Exchange as sell pressure intensified across sectoral indexes.
The Nigerian Exchange recorded its largest daily losses in decades as investor sentiment plunged following mixed third-quarter earnings performance by listed companies.
The losses dragged key performance indicators downward sharply, as year-to-date return retreated to 37.31% as investors continued to pull out in successive trading sessions.
The Nigerian Exchange All-Share Index plummeted by 5.01% to 141,327.30 points, while market capitalisation declined sharply by N4.61 trillion to N89.88 trillion, reflecting intensified sell-side pressure.
Market breadth was overwhelmingly negative, with 62 decliners dwarfing just 4 advancers, yielding a severely depressed 0.1x ratio.
FIRSTHOLDCO led the volume chart, accounting for 10.43%, followed by ACCESSCORP (8.60%), ZENITHBANK (6.40%), FIDELITYBK (5.88%), and STANBIC with 4.82%.
GEREGU accounted for 15.04% of the total value of all trades consummated, thereby making it the highest traded on the exchange.
Also, NCR took the lead on the best performer’s chart by generating +9.82%, followed by BERGER (+2.56%), FCMB (+0.96%), and MANSARD (+0.25%).
A total of sixty one stocks depreciated, trading data showed. On the worst performers’ chart, ACADEMY, BUACEMENT, CUSTODIAN, DANGCEM, DEAPCAP, MTNN, OANDO, and TRANSCORP all witnessed a price depreciation of -10.00% each.
Losses were broad-based across all sectors: Industrial led the decline at -8.55%, followed by Banking (-7.27%), Oil & Gas (-4.65%), Insurance (-4.33%), Consumer Goods (-2.20%), and Commodity (-2.07%).
Trading activity presented a mixed picture: volume surged 80.03% to 655.95 million shares, and transaction values jumped 158.87% to N29.39 billion, yet deal count contracted 9.23% to 29,588 trades.
Only last week, stock market was hit by a significant downturn in November’s first trading week as investors lost a whooping N2.8 trillion at the Nigerian Exchange Limited.
The market endured a bearish trading week, losing in all five trading sessions, November 3 to November 7.
This came on the heels of the US President Donald Trump’s military invasion threat on Nigeria which sparked jitters across the market and triggered sell-off.
Trump had, penultimate Friday, flagged Nigeria as a ‘Country of Particular Concern,’ and followed up with an invasion threat on Saturday.
The US President vowed to cut off all US aids to the nation over of the government fails to act fast on the alleged genocide against Christians. Analysts suggest that the current sell-off reflects a combination of profit-taking, capital gains tax fears, and geopolitical anxiety, following reports of potential U.S. sanctions and Trump’s aggressive foreign policy stance toward Nigeria.