The Nigerian stock market rebounded on Thursday, November 13, 2025, with the All-Share Index (ASI) posting a 1.08% gain. The benchmark closed at 146,981.2 points, adding 1,577 points from the previous session. The rally was largely driven by heavyweights International Breweries, Nigerian Breweries, and FUGAZ stocks, signaling renewed investor confidence following a sharp decline earlier in the week.
Trading activity showed mixed trends as volumes dropped to 599 million shares from 806 million the day before. Despite lower volumes, the market capitalization rose to N94.39 trillion, up from N93.45 trillion, reflecting strong buying interest in select high-performing stocks. Analysts suggest this recovery comes after a significant N4.6 trillion wipeout on November 11, which had temporarily spooked investors.
On the gainers’ chart, Custodian Investment and Linkage Assurance each surged 10%, while Oando, NAHCO, and Legend International followed closely. Conversely, Austinlaz and Union Dicon Salt recorded the steepest losses, declining 9.96% and 9.68% respectively. Wema Bank and UBA were the most actively traded stocks, demonstrating ongoing investor interest in financial sector equities.
Among the “Stocks Worth Over One Trillion Naira” (SWOOTs), International Breweries led the gains with a 9.63% increase, followed by Nigerian Breweries at 5.98% and Stanbic at 4.76%. FUGAZ stocks also performed well, with Zenith Bank up 8.42%, UBA rising 6.91%, Access Holdings climbing 4.55%, and GTCO adding 3.15%. Only First HoldCo finished in the red among the FUGAZ group.
Market experts believe the ASI is poised to continue its upward trajectory if large and mid-cap stocks maintain momentum. The index is currently recovering from last week’s dip to the 141,000 level, and further gains could push it closer to the 150,000 mark in the coming sessions. Investors remain cautiously optimistic as the market navigates short-term volatility while benefiting from targeted sector rallies.
source: Nairametrics