FTN Cocoa, Unity Bank Shine as Nigerian Stocks Rally Amid Bearish Market – Week Ending Nov 21, 2025

The Nigerian stock market closed the week ending November 21, 2025, under bearish pressure, shedding 3,290.97 points to settle at 143,722.62. The All-Share Index slipped 2.24% from the previous week’s 147,013.59, dropping below the 145,000 mark and extending the market’s losing streak to four weeks. Despite the overall downturn, standout performers like NCR (Nigeria) Plc posted a remarkable 60.6% rally, capturing investor attention.

Trading activity slowed, with 2.6 billion shares valued at N106.2 billion exchanged over the week, significantly lower than the prior week’s 7.3 billion shares worth N156.4 billion. Market capitalization also declined, dipping to N91.4 trillion from N93.5 trillion. Out of all equities, only 20 recorded gains, a sharp drop from 48 the previous week, while 60 declined and 67 remained unchanged, reflecting the cautious sentiment among investors.

The week opened on a negative note, with the All-Share Index sliding 1,853.82 points to 145,159.77 on Monday and dipping below 145,000 by Tuesday. Heavyweights drove much of the decline, including ACCESSCORP (-10.9%), DANGOTE CEMENT (-10%), UBA (-7.75%), and ZENITH BANK (-6.64%). Sectoral indices mirrored the trend, with the NGX Insurance Index plunging 7.05%, led by International Energy Insurance’s 22.06% drop, while the NGX Industrial Goods and Banking indices also registered notable declines.

Amid the losses, top gainers provided bright spots for investors. NCR (Nigeria) Plc led the rally, closing at N41.10 with a 60.55% gain. Other major performers included University Press Plc (+17.65%), Tantalizers Plc (+17.29%), Caverton Offshore Support Group Plc (+17.02%), and UACN Plc (+16.67%). Conversely, top losers included International Energy Insurance Plc (-22.06%), McNichols Plc (-14.90%), and Veritas Kapital Assurance Plc (-14.89%), highlighting the uneven market recovery.

Corporate developments also shaped investor sentiment, with Unilever appointing a new director, Multi-Trex Integrated Foods publishing financial results for April 2024, and FCMB Group Plc increasing its capital-raise ceiling to N400 billion. Looking ahead, analysts warn that persistent bearish pressure may continue, although rallies in select mid- and large-cap stocks could support the index, offering a potential path back to the 150,000 mark in the near term.

source: Nairametrics