Daily Market Report – Nigerian Equities Dip (01 September 2025)
The Nigerian equities market closed lower today as the NGX All-Share Index (NGXASI) declined by 0.41%, bringing the year-to-date gain to +35.42%.
The index settled at 139,722.19 points, compared to the previous close of 140,295.50 points.
Trading Activity
• Volume traded rose by 4.67%, moving from 357.84 million shares to 374.55 million shares.
• Market turnover (the total value of shares traded) also increased slightly by 1.13%, reaching ₦9.09 billion, up from ₦8.99 billion.
• A total of 32,151 deals were recorded for the day.
Market Breadth
Market breadth was weak at 0.44x, indicating more losers than gainers. Specifically:
• 17 stocks advanced
• 39 stocks declined
• Volume was higher in 64 companies but lower in 75 companies
Top Gainers
The day’s biggest winners were:
• Sovereign Trust Insurance Plc (SOVRENINS), which closed at ₦2.86, gaining 10%.
• Vetiva Griffin 30 ETF (VETGRIF30), which rose by 10% to close at ₦56.10.
• SCOA Nigeria Plc, advancing by 9.83% to close at ₦6.59.
• Cornerstone Insurance Plc (CORNERST), climbing 7.98% to close at ₦6.90.
• Guinea Insurance Plc (GUINEAINS), which added 7.75% to close at ₦1.53.
Top Losers
On the flip side, the major laggards were:
• Vetiva S&P Nigeria Sovereign Bond ETF (VSPBONDETF), down 15.07% to close at ₦211.11.
• Veritas Kapital Assurance Plc (VERITASKAP), which fell 10% to ₦1.89.
• Stanbic IBTC ETF 30 (STANBICETF30), shedding 10% to settle at ₦378.00.
• Ellah Lakes Plc (ELLAHLAKES), which also dropped 10% to close at ₦12.69.
• Eterna Plc (ETERNA), down 10% to close at ₦34.20.
✅ Summary:
Despite higher trading activity and turnover, the NGX closed in the red today with more decliners than gainers. Insurance stocks such as Sovereign Trust Insurance and Cornerstone Insurance were among the top performers, while ETFs like VSPBONDETF and STANBICETF30 weighed heavily on market sentiment.
The Nigerian equities market closed lower today as the NGX All-Share Index (NGXASI) declined by 0.41%, bringing the year-to-date gain to +35.42%.
The index settled at 139,722.19 points, compared to the previous close of 140,295.50 points.
Trading Activity
• Volume traded rose by 4.67%, moving from 357.84 million shares to 374.55 million shares.
• Market turnover (the total value of shares traded) also increased slightly by 1.13%, reaching ₦9.09 billion, up from ₦8.99 billion.
• A total of 32,151 deals were recorded for the day.
Market Breadth
Market breadth was weak at 0.44x, indicating more losers than gainers. Specifically:
• 17 stocks advanced
• 39 stocks declined
• Volume was higher in 64 companies but lower in 75 companies
Top Gainers
The day’s biggest winners were:
• Sovereign Trust Insurance Plc (SOVRENINS), which closed at ₦2.86, gaining 10%.
• Vetiva Griffin 30 ETF (VETGRIF30), which rose by 10% to close at ₦56.10.
• SCOA Nigeria Plc, advancing by 9.83% to close at ₦6.59.
• Cornerstone Insurance Plc (CORNERST), climbing 7.98% to close at ₦6.90.
• Guinea Insurance Plc (GUINEAINS), which added 7.75% to close at ₦1.53.
Top Losers
On the flip side, the major laggards were:
• Vetiva S&P Nigeria Sovereign Bond ETF (VSPBONDETF), down 15.07% to close at ₦211.11.
• Veritas Kapital Assurance Plc (VERITASKAP), which fell 10% to ₦1.89.
• Stanbic IBTC ETF 30 (STANBICETF30), shedding 10% to settle at ₦378.00.
• Ellah Lakes Plc (ELLAHLAKES), which also dropped 10% to close at ₦12.69.
• Eterna Plc (ETERNA), down 10% to close at ₦34.20.
✅ Summary:
Despite higher trading activity and turnover, the NGX closed in the red today with more decliners than gainers. Insurance stocks such as Sovereign Trust Insurance and Cornerstone Insurance were among the top performers, while ETFs like VSPBONDETF and STANBICETF30 weighed heavily on market sentiment.