NGX Weekly Scorecard: ₦833bn Gone in 4 Days — Who Won, Who Lost?

It was a short week, long losses on the Nigerian Exchange. With the Federal Government’s holiday trimming trading days, investors only had four sessions to play — and the market still shed 0.94%. That’s ₦833 billion in value wiped out, ASI closing at 138,980.01 points and market cap at ₦87.94 trillion.

The Losers (Biggest Drags)

Market breadth was ugly: 64 decliners vs just 19 gainers. Ouch.

Industrial goods and banking stocks took heavy hits, dragging the index down.

Investors leaning too heavy on momentum plays? They got burned this round.

The Winners (Still Standing Strong)

Financial Services Industry carried the week, controlling a massive 81.55% of turnover.

Sovereign Trust Insurance → Volume king, trading like hot bread.

Access Holdings → The big boys came out to play.

Fidelity Bank → Not just a retail favorite, but a liquidity magnet too.

Foxxymobile Insider Guide:

This week was a reminder — short weeks don’t mean easy weeks. Global jitters + local uncertainty = traders pulling back. Expect cautious moves ahead, with eyes glued to Q3 earnings from the banks and insurance counters.

Smart Money Takeaway: Winners? Those who stuck with liquidity giants and avoided speculative traps. Losers? Anyone caught chasing noise stocks into a thin market.

Anonymous

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NGX Weekly Scorecard: ₦833bn Gone in 4 Days — Who Won, Who Lost?

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