The Nigerian All-Share Index (ASI) extended its decline on November 5, 2025, dropping by 1,816.2 points to close at 150,813.4, representing a 1.19% decrease from the previous session’s 152,629.6.
Despite increased trading activity, large-cap stocks weighed heavily on the market. Notable decliners included International Breweries, Lafarge Africa, MTN Nigeria, and Airtel Africa.
Total volume traded rose to about 1.1 billion shares, up from roughly 683 million in the previous session. Market capitalization stood at N95.6 trillion, compared to N96.9 trillion previously.
On the value chart, Fidelity Bank maintained its leadership position, recording trades worth N13.9 billion and leading in volume with 608.1 million shares.
Among the top gainers were NCR Nigeria, which gained 10% to close at N17.60, and Legend International, which rose by 9.16% to N5.84. On the flip side, C&I Leasing and Transcorp both fell by 10%, closing at N5.58 and N45.00 respectively.
While the decline in the ASI reflects cautious sentiment among investors, the fact that large-cap stocks were mostly responsible suggests that renewed buying interest in these equities could drive a rebound. The index remains above the 150,000-point mark, which may serve as a key psychological support level for the market.