Nigerian Stock Market Rebounds with N111 Billion Gain Driven by MTNN, Banking, and Insurance Sectors

The Nigerian equities market staged a notable recovery on Thursday, November 27, 2025, adding N111.08 billion to its market capitalization to close at N91.1 trillion. This marks a 0.12% increase from Wednesday’s N90.99 trillion, reversing part of the steep N443 billion losses recorded in the previous session.

Investors were encouraged by gains in key stocks, with MTN Nigeria (MTNN) rising 1.08%, Nigerian Breweries (NB) up 0.91%, and UCAP surging 4.56%. The benchmark NGX All-Share Index (ASI) also rose by 0.12% to 143,239.23 points, signaling renewed market optimism after the previous day’s sell-offs.

Market breadth closed positive at 1.74x as 33 stocks outpaced 19 decliners, highlighting broad-based buying interest. The insurance, banking, and consumer goods sectors led the gains, while oil & gas and industrial goods remained largely flat. Top gainers for the session included Ikeja Hotel (+10%), Linkage Assurance (+10%), and Learn Africa (+9.96%), while notable losers included Champion Breweries (-9.85%) and Sterling HoldCo (-8.33%).

Despite the rebound, trading activity slowed, with total volume declining by 56% to 324.55 million units and total value down 64.4% to N13.05 billion across 18,328 deals. Fidelity Bank led by volume, trading 32.2 million units, while GTCO dominated by value with N2.27 billion in transactions.

The rally was largely driven by gains in large- and mid-cap stocks across the financial services and telecommunications sectors. Stocks in hospitality, insurance, and construction also performed well, reflecting growing investor confidence and optimism in diversified sectors. While month-to-date performance remains negative at -7.1%, year-to-date returns have improved to 39.2%, suggesting resilient market fundamentals.

source: nairametrics