The Nigerian equities market staged a strong recovery in the first week of December, clawing back N2.436 trillion after a record N6.5 trillion downturn in November. The comeback was driven by a powerful surge on Friday, when the market added N996.84 billion, marking the week’s strongest single-day performance and signaling renewed investor confidence following last month’s steep sell-off.
For the week, the market gained 2.7% in value as capitalization rose from N91.286 trillion on November 28 to N93.722 trillion at the close of trading on Friday, December 5.
The benchmark All-Share Index (ASI) likewise advanced, climbing 3,519.55 points or 2.45% to close at 147,040.08, up from 143,520.53 at the end of November.
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Friday’s session further strengthened market momentum, with the ASI rising 1.07% (1,563.93 points) from Thursday’s 145,476.15 points. Market capitalization grew correspondingly by N996.84 billion, ending the day at N93.722 trillion, up from N92.725 trillion.
The strong start to December offers some relief to investors still reeling from November’s historic losses.
Market Performance — Friday, December 5, 2025
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All-Share Index: ↑ 1.08% to 147,040.26 points
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Market Capitalization: ↑ 1.08% to N93.72 trillion
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YTD Change: +42.86%
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Volume: ↓ 81.29% to 361.6 million shares
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Deals: ↓ 9.92% to 21,051
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Value: ↓ 22.70% to N14.84 billion
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Gainers: 38
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Losers: 16
Top 5 Gainers
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UACN: +10.00% → N96.80 (from N88.00)
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Transcohot: +9.71% → N172.80 (from N157.50)
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Royalex: +8.89% → N1.96 (from N1.80)
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Ikejahotel: +8.74% → N31.10 (from N28.60)
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Veritaskap: +8.07% → N1.74 (from N1.61)
Top 5 Losers
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Uniondicon: -10.00% → N6.30 (from N7.00)
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Abctrans: -9.88% → N3.10 (from N3.44)
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Mansard: -7.19% → N12.90 (from N13.90)
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Ftncocoa: -7.16% → N9.75 (from N9.48)
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Guineains: -3.36% → N1.15 (from N1.19)
Top 5 Stocks by Volume
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Zenith Bank: 59.46m shares — N3.64bn
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Accesscorp: 46.09m shares — N973m
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Fidelity Bank: 29.41m shares — N560m
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FCMB: 27.89m shares — N293.86m
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Tantalizer: 12.96m shares — N29.82m
Turnover Surges as ICT Sector Dominates
Total market turnover climbed sharply week-on-week. Investors traded 6.617 billion shares valued at N113.224 billion across 109,590 deals, up from 4.140 billion shares worth N115.889 billion in the prior week.
The ICT sector led activity by volume, accounting for 3.500 billion shares worth N17.759 billion in 11,184 deals; representing 52.89% of total volume and 15.68% of total value, buoyed mainly by large trades in E-Tranzact.
The Financial Services sector followed with 2.625 billion shares worth N50.188 billion, while the Services sector ranked third with 104.524 million shares valued at N1.166 billion.
Three stocks mainly E-Tranzact International, Cornerstone Insurance, and Access Holdings dominated trading, jointly contributing 4.871 billion shares worth N27.422 billion in 6,438 deals. This represented 73.6% of total market volume and 24.22% of market value.
More Equities Record Gains
Market breadth improved significantly, with 55 gainers, up from 38 in the previous week. Decliners fell to 29, from 36 previously, while 63 stocks remained unchanged.
Except for the NGX Oil and Gas Index (-0.57%) and the NGX Commodity Index (-0.30%), all other sectoral indices closed in positive territory.
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