The Nigerian Exchange (NGX) rebounded on November 27, 2025, with market capitalization rising N111.08 billion to N91.10 trillion, fueled by gains in MTNN, banking, and insurance sectors. The All-Share Index climbed 0.12% to 143,239.23 amid selective buying in blue-chips like AccessCorp. Year-to-date, the ASI is up 39.17%, though recent weeks show volatility. Investors eye sustained momentum despite oil & gas dips.
Nigeria’s stock market snapped a brief downturn on November 27, 2025, as equity investors pocketed N111.08 billion in fresh value, pushing market capitalization to N91.10 trillion. The rebound, marked by a 0.12% uptick in the All-Share Index (ASI) to 143,239.23, was propelled by bargain hunting in telecom giant MTN Nigeria (MTNN) and key players in banking and insurance, signaling cautious optimism amid economic headwinds.
Market Snapshot: ASI Climbs Amid Selective Buying
The NGX’s benchmark ASI advanced 174.66 points, or 0.12%, to close at 143,239.23, reversing a one-week loss of 0.66%. This modest recovery followed six straight days of declines earlier in the month, with total trading value reaching N5.2 billion across 8,456 deals involving 167.3 million shares.
Market capitalization settled at N91.10 trillion, reflecting renewed interest in medium- and large-cap stocks. Volume leaders included medium-scale names like IKEJAHOTEL and VERITASKAP, but blue-chips dominated value trades, underscoring institutional confidence in stable earners.
Sector Breakdown: Insurance Leads, Banking and MTNN Follow
Performance was mixed across NGX sectors, with insurance taking the spotlight. The Insurance Index surged 1.27%, driven by broad-based gains in underwriters amid expectations of improved premiums from economic stabilization.
- Banking Sector: Up 0.07%, buoyed by Access Holdings (ACCESSCORP) which rose 1.0%, contributing to the sector’s year-to-date gain of 27.09%.
- Insurance Sector: +1.27%, extending its strong YTD performance of 54.33% as investors bet on resilience in non-oil segments.
- Consumer Goods: Modest +0.08%, with Nigerian Breweries up 0.9% and Honeywell Flour Mills advancing 6.4%.
- Laggards: Oil & Gas dipped -0.04%, while Industrial Goods fell -0.02%, pressured by global energy volatility.
MTNN, the telecom bellwether, climbed 1.1%, adding significant weight to the NGX 30 Index’s 0.16% rise and highlighting its role as a market anchor.
Top Performers and Trading Highlights
Several stocks captured the day’s momentum, with MTNN’s gains underscoring telecom’s appeal amid rising data demand. AccessCorp’s uptick reflected banking sector tailwinds from steady CBN rates at 27.25%.
Notable movers:
- MTNN: +1.1%, leading value trades and boosting the Premium Index by 0.35%.
- Honeywell Flour Mills: +6.4%, a standout in consumer goods.
- Access Holdings: +1.0%, supporting banking’s incremental lift.
- Ikeja Hotel: Strong volume play in hospitality.
Total equity turnover hit 167.3 million units, down slightly from prior sessions, but with MTNN accounting for 28% of value traded in recent patterns.
Broader Context: YTD Strength Amid Volatility
The session caps a volatile month, with the ASI’s YTD gain holding at 39.17%—outpacing inflation but tempered by a 6.79% four-week slide. The NGX Pension Index rose 0.17% to +46.19% YTD, attracting fund inflows, while the Consumer Goods Index boasts a robust 96.45% yearly advance.
Analysts attribute the rebound to post-CBN rate hold stability and selective rotation into defensives like insurance, which has outperformed peers. However, global cues like U.S. tariff talks could cap upside, per Nairametrics insights.
In summary, the N111.08 billion gain on November 27 underscores the NGX’s resilience, with MTNN, banking, and insurance sectors steering a steady recovery. As year-end nears, sustained sectoral rotation could propel the ASI toward 150,000, though investors remain vigilant on fiscal policies and oil prices. For real-time data, visit Nairametrics’ market wrap.
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