NGX Gains N2.2trn as Equities Rebound

Market capitalisation rose by 1.36 per cent to N163.795 trillion at the close of trading on Friday, November 13, 2026, compared with N161.593 trillion recorded on November 6.

Similarly, the benchmark All-Share Index (ASI) advanced by 1.36 per cent week-on-week to 252,755.29 points from 248,877.22 points in the preceding week.

The recovery followed a volatile trading week in which the market recorded strong gains on Monday and Thursday, while Tuesday, Wednesday and Friday sessions moderated overall performance.

Investors’ renewed interest in relatively undervalued stocks across the insurance, oil and gas, industrial goods and commodities sectors supported the recovery, particularly after Tuesday’s sharp sell-off wiped approximately N3.7 trillion off market capitalisation.

The decline created opportunities for investors to take positions in selected equities at lower prices, contributing to the subsequent market recovery.

Consequently, the market’s year-to-date return improved to 62.11 per cent, recovering from below 60 per cent at the November 6 close.

Market breadth also strengthened, with 43 stocks recording gains against 39 decliners during the week, indicating a positive balance between advancing and declining equities.

Despite the weekly recovery, the market closed Friday’s session marginally lower, as profit-taking and price declines in some highly capitalised stocks weighed on the benchmark index.

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The All-Share Index shed 97.64 points, representing a 0.04 per cent decline, falling from 252,366.80 points on Thursday to 252,269.16 points.

Market capitalisation also declined by N63.41 billion to N163.80 trillion.

Caverton Offshore Support led the gainers’ table, appreciating by 10 per cent from N4.00 to N4.40 per share.

FTG Insurance followed with a 9.93 per cent gain, rising from N1.51 to N1.66, while Austin Laz advanced by 9.91 per cent from N2.22 to N2.44.

Lasaco Assurance gained 9.20 per cent to close at N1.90 from N1.74, while Veritas Kapital Assurance appreciated by nine per cent from N1.00 to N1.09.

On the loser’s end, Multiverse Mining and Exploration led the decliners, shedding 9.90 per cent to close at N17.30 from N19.20.

LivingTrust Mortgage Bank followed with a 9.69 per cent decline from N2.58 to N2.33, while eTranzact International lost 8.11 per cent to close at N17.00 from N18.50.

HMCALL declined by 4.58 per cent from N3.49 to N3.33, while Sovereign Trust Insurance shed 3.52 per cent to close at N2.19 from N2.27.

The week’s performance points to a recovery in investor sentiment following the previous week’s losses, although the mixed performance of heavyweight stocks and continued price adjustments suggest that market direction remains sensitive to profit-taking and stock-specific developments.