November 28, (THEWILL) — The Nigerian equities market closed on Friday on a positive note as Market Capitalisation rose from N91.107 to N91.286, while the All-Share Index (ASI) advanced from 143,239.23 to 143,520.53, reflecting renewed buying interest across major sectors.
The market recorded a total of 33 gainers and 21 losers, indicating broad-based bullish sentiment.
TOP GAINERS
IKEJAHOTEL — 10.00 percent (from N27.50 to N30.25).
NGXGROUP — 9.98 percent (from N51.10 to N56.20).
ACADEMY — 9.70 percent (from N6.70 to N7.35).
OMATEK — 9.35 percent (from N1.07 to N1.17).
CADBURY — 8.63 percent (from N53.30 to N57.90).
TOP LOSERS
ABBEYBDS — -10.00 percent (from N6.50 to N5.85).
MEYER — -9.97 percent (from N14.55 to N13.10).
SUNUASSUR — -9.89 percent (from N4.35 to N3.92).
SOVRENINS — -9.09 percent (from N2.97 to N2.70).
LINKASSURE — -8.02 percent (from N1.87 to N1.72).
Dangote Cement, Custodian Investment, Okomu Oil Palm, Julius Berger, Nigerian Enamelware, all remained unchanged.
Investor sentiment remained positive, supported by strong interest in high-performing mid- and large-cap counters. The dominance of gainers over losers suggests increased appetite for equities, particularly ahead of month-end positioning and sector rotations. Stability in heavyweight stocks like Dangote Cement and Okomu Oil Palm also contributed to market confidence.
Gains recorded across hospitality, financial services, ICT, and consumer goods stocks provided significant upward momentum. IKEJAHOTEL and NGXGROUP drove market leadership, while mild profit-taking in insurance and industrial goods names contributed to the losers’ chart. The overall breadth of 33 gainers versus 21 losers helped strengthen market performance.
With the week closing bullish, the market is likely to experience a mix of cautious optimism and strategic repositioning. Investors may continue to target fundamentally strong counters, while reactions to macroeconomic indicators could influence early-week trading. Sustained interest in high-value and growth-oriented stocks will remain a key determinant of market direction.
Ogochukwu Onwaeze
