Trump threats: Stock market loss hits N2.8trn

Trump threats: Stock market loss hits N2.8trn

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 (NGX).

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 a 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 aid to the nation if the government fails to act fast on the alleged genocide against Christians.

And ahead of trading this new week, there are fears that the US President’s fiery comments might raise the risk premium on Nigerian assets while threatening to erode recent gains achieved by the nation’s reforms.

On Monday, the first trading day after the weekend’s threat by Trump, the NGX All-Share Index and Market Capitalization dropped from Friday’s highs of 154,126.46 points and N97.829 trillion respectively to 153,739.11 points and N97.582 trillion.

The record dip in Nigeria’s stock market in the first trading day in November impacted its returns year-to-date (YtD) which stood lower at +49.37 percent

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At the closing of the trading on Monday, the All-Share Index (ASI) declined by 0.25% to close at 153,739.11 points, wiping out about N244.9 billion in market value.

The downturn was driven by selloffs in medium and large-cap stocks across the banking, oil & gas, and consumer goods sectors.

Market capitalization fell from N97.8 trillion to N97.5 trillion, reflecting renewed investor caution after a strong rally in October.

The trend continued on Tuesday, November 4, 2025, as investors lost N611.96bn in five hours. On Wednesday, market also closed on a negative note with investors losing N1.31trn.

Investors shed N347.75bn at the close of trading on Thursday. And on Friday, equities market closed in the red zone as investors lost N318.78bn

During the week, a total turnover of 3.575 billion shares worth N107.011 billion in 146,429 deals was traded by investors on the floor of the Exchange, in contrast to a total of 7.479 billion shares valued at N145.429 billion that exchanged hands last week in 159,487 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.946 billion shares valued at N65.904 billion traded in 62,817 deals; thus contributing 82.39% and 61.59% to the total equity turnover volume and value respectively.

The Services Industry followed with 147.325 million shares worth N1.511 billion in 7,656 deals.

In third place was the Consumer Goods Industry, with a turnover of 147.307 million shares worth N11.195 billion in 18,644 deals.

Trading in the top three equities, namely Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc (measured by volume), accounted for 1.288 billion shares worth N19.300 billion in 11,536 deals, contributing 36.03% and 18.08% to the total equity turnover volume and value respectively.

Twenty (20) equities appreciated in price during the week, lower than twenty-nine (29) equities in the previous week. Seventy-five (75) equities depreciated in price, higher than seventy (70) equities in the previous week, while fifty-one (51) equities remained unchanged, higher than forty-seven (47) recorded in the previous week.

NCR (Nigeria) Plc. recorded the biggest share price increase in percentage, gaining 20.94% followed by Eunisell Interlinked Plc, which increased its share price by 20.17% in the process.

Union Dicon Salt Plc also increased its share price by 9.93%.

On the flip side, Sovereign Trust Insurance Plc recorded the biggest decline in share prices by percentage, shedding 28.21% followed by C & I Leasing Plc, which shed 20.16% of its share prices.

Skyway Aviation Handling Company Plc also knocked off 18.99% of its share price.

The performance underscores continued investor concerns over market volatility, macroeconomic uncertainty and profit-taking activities across multiple sectors.

Trump threats: Stock market loss hits N2.8trn