November 25, (THEWILL) — The Nigerian equities market closed positively on Monday, as renewed demand across select mid- and large-cap stocks supported a mild recovery. Market capitalisation rose from approximately N91.346 trillion to N91.441 trillion, while the All-Share Index (ASI) increased from 143,614.61 points to 143,763.13.
Market breadth improved, with 27 gainers and 20 losers, reflecting a slightly bullish tone after recent sessions of selling pressure.
Top Gainers
• FG152028S1 advanced 230.00 percent (from N30.00 to N99.00).
• NCR Nigeria gained 9.98 percent (from N41.10 to N45.20).
• Ikeja Hotel rose 9.86 percent (from N20.80 to N22.85).
• Prestige Assurance appreciated 9.56 percent (from N1.36 to N1.49).
• Eunisell improved 9.49 percent (from N79.00 to N86.50).
Top Losers
• Union Dicon Salt dropped -10.00 percent (from N7.00 to N6.30).
• Caverton fell -10.00 percent (from N5.50 to N4.95).
• Sunu Assurances declined -4.78 percent (from N4.60 to N4.38).
• Lasaco Assurance dipped -4.58 percent (from N2.62 to N2.50).
• AIICO Mansard shed -4.23 percent (from N13.00 to N12.45).
Okomu Oil, UPDC Plc, International Breweries, Nigerian Breweries and Guinness Nigeria Plc all closed flat.
Investor sentiment tilted cautiously positive, driven by bargain hunting following recent dips in market value. Traders showed renewed interest in value stocks and government-linked instruments, particularly the FG152028S1 instrument, which posted an exceptional rally. However, sentiment remains mixed overall, as investors continue to monitor macroeconomic indicators and fixed-income yields that still compete strongly with equities.
The rebound helped stabilise the broader market after a week of volatility, reducing earlier losses and improving liquidity across select sectors. Gains in hospitality, insurance and industrial counters contributed to the market’s upward movement, while continued profit-taking in logistics and manufacturing names trimmed the overall advance.
The market’s modest rebound signals improving risk appetite, though the overall atmosphere remains cautious as investors assess earnings expectations, liquidity conditions and monetary policy directions. If buying interest continues, the market may record further marginal gains; however, elevated fixed-income yields and macroeconomic uncertainties could still limit strong upward momentum.
Ogochukwu Onwaeze
