The Nigerian Exchange (NGX) recorded a sharp downturn last week as the combined market capitalisation of Stocks Worth Over One Trillion (SWOOTs) dropped by ₦2.75 trillion in six trading days from ₦86.09 trillion at the end of October to ₦83.34 trillion on November 10, 2025.

Sector Breakdown

Telecoms led the decline, losing about ₦1 trillion in market value.

Banking stocks fell by ₦545.13 billion (-5.4%), from ₦10.11 trillion to ₦9.57 trillion.

Consumer goods firms shed ₦611.10 billion (-10.4%), down to ₦5.24 trillion.

Energy and industrial companies lost ₦425.21 billion, with Aradel Holdings and Lafarge Africa among the major contributors.

Market Outlook

Analysts attribute the decline to profit-taking and rising fixed-income yields, noting that the losses reflect a broad market correction rather than weakness in specific sectors. Despite the pullback, they expect long-term fundamentals of most SWOOT companies to remain intact. Visit www.jocomms.com for more news.