The Nigerian stock market ended the week down by 0.56%, with market capitalisation dropping by N516 billion to N92.214 trillion. The All-Share Index fell by 815.80 points to 145,754.91, pressured mainly by profit-taking in stocks like Abbey Mortgage Bank, Custodian Investment, and Deap Capital Management. Despite the dip, market breadth was positive with 42 gainers, including Champion Breweries and Union Dicon Salt rising by 10%.
Investor interest surged in insurance stocks following the new Nigerian Insurance Industry Reform Act (NIIRA 2025), but the initial enthusiasm waned, contributing to the market’s pullback. Vice President of Highcap Securities, David Adonri, described the dip as a natural cooldown after a sustained rally, noting that no market rally lasts indefinitely.
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