The Nigerian Exchange Limited (NGX) closed the week marginally lower as sustained portfolio rebalancing and defensive positioning outweighed gains recorded in hospitality, industrial, and select financial stocks.
The All-Share Index (ASI) depreciated by 0.14% to close at 143,520.53 points, while market capitalisation fell to ₦91.286 trillion amid a soft bearish momentum despite improved market breadth.
Market Activity Strengthens
Investors exchanged:
| Metric |
Weekly Total |
| Turnover Volume |
4.140 billion shares |
| Turnover Value |
₦115.889 billion |
| Total Deals |
102,351 |
Turnover increased 54.2% week-on-week in volume terms, driven by heavy interest in financial services counters.
The Financial Services Industry led activity with:
The Services and Consumer Goods sectors followed, accounting for 148.27 million shares and 143.64 million shares respectively.
Three major stocks — Cornerstone Insurance, GTCO, and Access Holdings — accounted for 48.43% of total volume and 41.02% of total value traded.
Market Performance by Day
| Date |
Volume |
Value (₦) |
Advancers |
Decliners |
| 24 Nov |
694.77m |
28.66bn |
17 |
27 |
| 25 Nov |
556.11m |
18.67bn |
27 |
20 |
| 26 Nov |
738.34m |
35.53bn |
29 |
27 |
| 27 Nov |
324.53m |
13.03bn |
34 |
20 |
| 28 Nov |
1.83bn |
19.99bn |
33 |
21 |
Buying interest improved significantly in the latter part of the week.
Index Performance
Despite the overall decline, several major indices advanced:
| Index |
Weekly Change |
| NGX CG Index |
+0.62% |
| NGX Premium Index |
+0.50% |
| NGX Banking Index |
+0.67% |
| NGX Pension Index |
+0.53% |
| NGX AFR Div. Yield Index |
+0.94% |
| NGX MERI Value Index |
+0.52% |
| NGX Lotus II |
+0.33% |
| NGX Sovereign Bond Index |
+0.24% |
Major laggards included:
Insurance remains under pressure with a 12.06% decline month-to-date.
Market Breadth
Market sentiment improved compared to the previous week:
| Category |
This Week |
Last Week |
| Gainers |
38 |
20 |
| Losers |
36 |
60 |
| Unchanged |
73 |
67 |
More advancers than decliners for the first time in three weeks.
Top 10 Gainers
| Company |
Open |
Close |
% Change |
| Ikeja Hotel Plc |
₦20.85 |
₦30.25 |
+45.08% |
| NCR Nigeria Plc |
₦41.10 |
₦54.65 |
+32.97% |
| UACN Plc |
₦70.00 |
₦78.90 |
+12.71% |
| CWG Plc |
₦16.05 |
₦17.95 |
+11.84% |
| Veritas Kapital Assurance Plc |
₦1.60 |
₦1.78 |
+11.25% |
| Academy Press Plc |
₦6.70 |
₦7.35 |
+9.70% |
| R.T. Briscoe Plc |
₦3.15 |
₦3.44 |
+9.21% |
| E-Tranzact Plc |
₦13.25 |
₦14.45 |
+9.06% |
| Nigerian Exchange Group Plc |
₦51.60 |
₦56.20 |
+8.91% |
| Prestige Assurance Plc |
₦1.47 |
₦1.60 |
+8.84% |
Hospitality and ICT stocks led the upside.
Top 10 Decliners
| Company |
Open |
Close |
% Change |
| Meyer Plc |
₦16.15 |
₦13.10 |
-18.89% |
| Sunu Assurances Nigeria Plc |
₦4.60 |
₦3.92 |
-14.78% |
| UPDC Plc |
₦5.70 |
₦5.02 |
-11.93% |
| Tantalizers Plc |
₦2.51 |
₦2.25 |
-10.36% |
| Abbey Mortgage Bank Plc |
₦6.50 |
₦5.85 |
-10.00% |
| Regency Assurance Plc |
₦1.13 |
₦1.04 |
-7.96% |
| Sovereign Trust Insurance Plc |
₦2.90 |
₦2.70 |
-6.90% |
| Deap Capital Plc |
₦1.61 |
₦1.50 |
-6.83% |
| C&I Leasing Plc |
₦5.30 |
₦4.96 |
-6.42% |
| Caverton Offshore Support Plc |
₦5.50 |
₦5.15 |
-6.36% |
Insurance names remained heavily sold.
Market Update – Corporate Action
Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF)
▪ Additional 243,424 units listed on the NGX
▪ Increases total units to 1,056,257,953
This listing followed the 2025 Q3 Scrip Dividend distribution.
Outlook
Equity positioning suggests selective accumulation in:
Hospitality
Consumer mid-caps
Premium banks
Tech and payment services
However, risk aversion remains high, with continued hedging via:
Expected catalysts heading into December:
-
Dividend qualification plays
-
Inflation and interest rate guidance
-
Renewed foreign portfolio participation
Investors are likely to continue balancing growth opportunities with safety-first allocations.
