SAT NOV 14 2026-theGBJournal| The Nigerian equities market extended its upward trajectory, with the NGX All-Share Index (ASI) advancing 1.60% w/w to close at 252,749.81 points, as bargain hunting in heavyweight stocks, particularly DANGCEM (+9.60%), TRANSPOWER (+5.70%), SEPLAT (+3.20%), HBMNG (+3.20%) and ECOBANK (+6.90%), underpinned the market’s positive performance.
Additional support came from STANBIC (+1.54%), ACCESSCORP (+0.37%) and DANGSUGAR (+0.23%), outweighing losses in FIRSTHOLDCO (-2.73%), ZENITHBANK (-1.28%), FCMB (-0.91%) and GTCO (-0.50%).
Consequently, market capitalisation increased by 1.56% w/w to N164.11 trillion, while the ASI’s month-to-date and year-to-date returns settled at 0.60% and 62.40%, respectively.
Market performance was broadly positive, with most indices closing higher.
However, the NGX Main Board, Banking, AFR Bank Value, MERI Growth, Consumer Goods and Growth indices declined by 0.06%, 0.21%, 0.49%, 0.13%, 0.55% and 1.92%, respectively.
Sectoral performance was mixed, as Industrial Goods (+6.10%), Insurance (+4.40%) and Oil & Gas (+2.20%) indices advanced, while Banking (-0.20%) and Consumer Goods (-0.50%) indices closed lower.
Trading activity was divergent, with aggregate volume traded surging by 193.80% w/w, while transaction value declined by 7.10% w/w.
In Friday’s session, the NGX ASI and market capitalisation advanced by 0.15% apiece, lifting the benchmark’s year-to-date return to 62.42%, from 62.18% in the previous session.
Gains in CAVERTON (+10.00%), AUSTINLAZ (+9.91%) and LASACO (+9.20%) outweighed losses in LIVINGTRUST (-9.69%), ETRANZACT (-8.11%), HMCALL (-4.58%) and SOVRENINS (-3.52%).
Sectoral performance was largely positive, with four of the five sectoral indices closing higher. Insurance led the advance, gaining 1.39%, followed by Industrial Goods (+0.36%), Banking (+0.34%) and Consumer Goods (+0.10%), while Oil & Gas closed flat.
Market activity was mixed. Total volume traded increased by 27.87% to 3.69 billion units, while transaction value declined by 70.71% to N22.79 billion. The number of deals also increased marginally by 0.97% to 27,085.
LINKASSURE (+3.31%) dominated trading volume with 3.10 billion units exchanged, while FIRSTHOLDCO (+1.76%) led by value, accounting for transactions worth N7.33 billion.
Market breadth was negative at 0.87x, reflecting the dominance of decliners over advancers in Friday’s session. On a weekly basis, 43 equities appreciated in price, up from 29 in the preceding week, while 39 declined, compared with 57 previously. Another 64 equities closed unchanged, against 60 in the prior week. CAVERTON (+10.00%) emerged as the week’s best-performing stock.
NASD OTC Market
The NASD OTC market sustained its positive momentum, with the NASD Security Index (NSI) advancing 3.17% w/w to close at 4,384.37 points. Similarly, market capitalisation increased by 3.10% w/w to N2.63 trillion.
In Friday’s session, the NSI gained 0.49%, while market capitalisation rose by 0.42%, taking the market’s year-to-date return to 23.72%.
Trading activity strengthened, with total volume and value traded increasing by 122.71% and 184.79% to 32.07 million units and N210.51 million, respectively.
However, the number of deals declined by 58.33% to 20. SDRSOURCE (+10.00%) led the four gainers, while SDFOODCPT (-9.77%) recorded the steepest decline among the two laggards.
X-@theGBJournal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
