Nigerian Stock Market: NCR Nigeria, Cornerstone Lead Gainers as Transcorp, Beta Glass Top Losers — 5 November 2025
Lagos, Nigeria — The Nigerian Exchange Limited (NGX) closed Wednesday 5 November 2025 trading session on a mixed note, with select equities posting impressive gains while broader sentiment remained cautious. Despite positive momentum in a few sectors, the market’s benchmark index ended slightly lower due to profit-taking in blue-chip stocks.
Market Summary
At the close of trading on Wednesday, 5 November 2025, the All-Share Index (ASI) slipped marginally by 0.04 percent to settle at 152,571.40 points, compared to the previous day’s 152,633 points.
Market capitalization closed at approximately ₦95.7 trillion, reflecting a value loss of about ₦38 billion.
Trading activity slowed across the board, with a total of 128 listed equities participating in today’s session. Out of these, 16 gained, 47 declined, while the rest closed flat.
Top Gainers
| Company | Price (₦) | Change (%) |
|---|---|---|
| NCR Nigeria Plc | 17.60 | +10.00 |
| Legend Internet Ltd | 8.22 | +9.16 |
| Cornerstone Insurance Plc | 2.23 | +8.80 |
| UPDC Plc | 3.14 | +8.30 |
| John Holt Plc | 1.52 | +7.80 |
NCR Nigeria led the gainers’ chart, rallying 10 percent to close at ₦17.60 per share. Analysts attributed the uptrend to renewed investor confidence in the company’s improved quarterly outlook and positive dividend expectations.
Top Losers
| Company | Price (₦) | Change (%) |
|---|---|---|
| Transcorp Plc | 45.00 | −10.00 |
| C&I Leasing Plc | 3.33 | −10.00 |
| Beta Glass Company Plc | 54.70 | −9.99 |
| Skyway Aviation Handling Co. Plc (SAHCO) | 13.11 | −9.99 |
| Livestock Feeds Plc | 1.73 | −9.94 |
The biggest decline came from Transcorp Nigeria, which lost 10 percent to close at ₦45.00 per share, as investors took profits following weeks of strong rallies. The sell-off extended to other industrial and consumer goods stocks such as Beta Glass and SAHCO.
Most Active Stocks by Volume
| Company | Volume (Shares) |
|---|---|
| Sterling Bank Plc | 81.7 million |
| Zenith Bank Plc | 53.7 million |
| FCMB Group Plc | 40.4 million |
| Access Holdings Plc | 39.4 million |
Trading volumes reflected a slowdown in investor participation, with total transactions down by about 22 percent compared to the previous session.
Sector Performance
- Banking: Mixed sentiment; top-tier banks saw modest losses amid sell pressure.
- Insurance: Slight rebound led by Cornerstone and NEM Insurance.
- Industrial Goods: Dragged by declines in Beta Glass and Dangote Cement.
- Consumer Goods: Remained subdued due to inflationary headwinds.
Market Drivers & Outlook
Analysts at Reflector TV Business Desk noted that the minor pullback in the NGX was largely due to profit-taking, not broad weakness.
They added that optimism remains for select sectors as investors react to ongoing fiscal reforms and upcoming year-end portfolio rebalancing.
“We expect the market to trade sideways in the coming sessions as investors digest mixed corporate earnings and monitor foreign exchange liquidity improvements,” said one Lagos-based equities analyst.
Outlook for the Week
With the Naira stabilizing slightly in the forex market and Nigeria’s $2.25 billion Eurobond announcement boosting investor confidence, analysts anticipate renewed interest in banking and oil & gas stocks later in the week.
Still, thin liquidity and global market uncertainty could limit large-scale rallies unless macroeconomic signals improve.
