The Nigerian Exchange (NGX) ended the last trading day of November 2025 on a positive note, recording a N180 billion daily gain on Friday, November 28. The rebound was driven largely by renewed interest in Consumer Goods, which gained 0.57%, supported by moderate advances in Banking (0.25%) and Industrial Goods (0.13%).
However, despite the strong finish, the market delivered its worst monthly performance of the year, shedding N6.55 trillion in market capitalisation in November alone.
Worst Monthly Losses in 2025
Market capitalisation fell from N97.82 trillion at the start of November to N91.29 trillion, representing a steep 6.7% month-on-month decline one of NGX’s sharpest monthly drop this year.
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The All-Share Index (ASI) mirrored the decline, sliding from 154,126.46 points to 143,520.53 points, also down 6.7%.
Friday Rally Lifts Sentiment
Despite the bearish monthly close, Friday’s trading session brought relief to investors:
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Market cap: up from N91.11 trillion to N91.29 trillion
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ASI: up 0.20% to 143,520.53 points
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Year-to-date gains: now at +39.44%
A massive institutional interest in Cornerstone Insurance triggered an unprecedented spike in market activity. Although Insurance ended the day as the worst-performing sector, Cornerstone drove one of the biggest volume surges the market has seen this year.
Brokers disclosed that institutional investors injected N6.4 billion into Cornerstone Insurance, exchanging 1.267 billion units of its shares. This single trade pushed market turnover volume up 462.83%, with 1.83 billion shares traded, worth N20.03 billion, across 20,645 deals.
Market Data Overview
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ASI: 143,520.53 points (+0.20%)
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Market Cap: N91.29 trillion (+0.20%)
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Volume: 1.83 billion shares (+462.83%)
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Value: N20.03 billion (+53.49%)
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Deals: 20,645 (+12.64%)
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YTD Performance: +39.44%
Top Gainers
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Ikeja Hotel: +10% (N30.25)
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NGX Group: +9.98% (N56.20)
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Academy Press: +9.70% (N7.35)
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Omatek: +9.35% (N1.17)
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Cadbury Nigeria: +8.63% (N57.90)
Top Losers
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Abbey Mortgage Bank: -10% (N5.85)
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Meyer Plc: -9.97% (N13.10)
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Sunu Assurances: -9.89% (N3.92)
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Sovereign Trust Insurance: -9.09% (N2.70)
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Linkage Assurance: -8.02% (N1.72)
Sectoral Performance
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Consumer Goods: +0.57%
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Banking: +0.25%
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Industrial Goods: +0.13%
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Commodity: 0.00%
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Oil & Gas: -0.19%
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Insurance: -2.29%
A total of 33 stocks gained, outpacing 21 decliners, indicating a broadly positive close to an otherwise challenging month for equities.
