Lagos, Nigeria – August 14, 2025
The Nigerian Exchange (NGX) closed lower on Wednesday, posting its second decline for the month of August, as the benchmark All-Share Index (ASI) shed 191.11 points, or 0.13 per cent, to settle at 145,864.78.
Data from the Exchange show the loss was driven by profit-taking in key blue-chip stocks, with several high-value counters retreating after recent gains. Market analysts noted that cautious trading persisted amid mixed corporate earnings and macroeconomic uncertainties.
The day’s trading brought the month’s negative sessions to two, reflecting a mild pullback in investor sentiment after the market’s earlier bullish run. While the decline was modest, analysts say it underscores the delicate balance between bargain-hunting and profit-booking in current market conditions.
3%Despite the drop, market breadth remained relatively stable, with several mid-tier stocks advancing, limiting deeper losses. Trading volume and value figures were not immediately available at press time.
The NGX ASI is a key barometer of Nigerian equity performance, tracking the overall movement of listed stocks on the Exchange. It remains up year-to-date, although short-term fluctuations continue to be influenced by global market trends, interest rate expectations, and local economic developments.
