NGX All-Share Index depreciated by 0.50% to close at 140,295.50 points
In the week ending August 29, 2025, the Nigerian Exchange Group (NGX) reported that the NGX All-Share Index (ASI) depreciated by 0.50% to close at 140,295.50 points, while market capitalisation fell by 0.49% to ₦88.769 trillion.
The decline reflects cautious investor sentiment amid persistent macroeconomic uncertainties, particularly inflationary pressures, interest rate adjustments, and foreign exchange volatility. All sectoral indices closed lower, except the NGX AFR Dividend Yield Index, which appreciated by 0.94%, signalling investors’ preference for dividend-paying stocks.
Meanwhile, the NGX ASeM Index closed flat, reflecting limited activity in the segment. The market’s bearish trend highlights risk aversion among investors, even as bargain-hunting in undervalued equities provided intermittent support.
Looking ahead, performance will be shaped by upcoming corporate earnings, policy directions from monetary authorities, and macroeconomic data releases. Sustained volatility is expected, although dividend-focused and defensive stocks may continue to attract investor interest.
The bearish performance reflects cautious investor sentiment amid persistent inflation, interest rate adjustments, and exchange rate volatility, which continue to dampen risk appetite. The preference for dividend-yielding equities suggests that investors are shifting toward defensive strategies in search of stability.
To restore confidence and deepen participation, policy interventions should prioritise stabilising the foreign exchange market, ensuring consistency in monetary policy, and strengthening investor protection frameworks. Clear fiscal and structural reforms are also critical in reducing market volatility and attracting long-term capital inflows.
