Nigeria’s equities market recovered from the previous week’s losses as investors returned to select stocks at lower entry prices, adding N2.20 trillion in market capitalisation to close at N163.795 trillion on Friday, November 13, 2026. The market had ended the prior week at N161.593 trillion on November 6, translating to a weekly gain of 1.36%.
The benchmark All-Share Index moved in the same direction, advancing 1.36% week on week to settle at 252,269.16 points from 248,877.22 points recorded on November 6. Trading was uneven through the week, with strong sessions on Monday and Thursday and more moderate movement on Tuesday, Wednesday and Friday. Friday’s session eased 0.04% after marginal declines in blue-chip banking stocks including GTCO, Zenith Bank, FCMB and UCAP, which offset 22 gainers against 21 losers.
Investors positioned across the Insurance, Oil & Gas, Industrial Goods and Commodity sectors after a sharp pullback on Tuesday erased about N3.7 trillion in value and created comparatively attractive entry points in selected equities. The market’s year-to-date return settled at 62.11%, up from below 60% at the close on November 6. Market breadth improved to 43 gainers against 39 decliners for the week.
On Friday, the All-Share Index closed at 252,269.16 points, down 0.04% from 252,366.80 points the previous day, while market capitalisation shed N63.41 billion to N163.80 trillion. A total of 27,205 deals were executed, down 3.93% from 28,318 transactions, while traded volume rose 26.86% to 3.70 billion shares from 2.91 billion shares. Traded value declined 70.62% to N23.11 billion from N78.66 billion.
Sector indices were mixed over the week. The Industrial Goods Index led gains, rising 6.11% to 12,380.99 points and carrying a year-to-date return of 118.11%. The Insurance Index advanced 4.44%, although it remained down 9.84% year-to-date, and the Commodity Index added 1.22%. The Consumer Goods Index fell 0.55% and the Banking Index shed 0.21%.
Dangote Cement was the strongest large-cap performer by percentage, climbing 9.61% or N128.90 to N1,469.90. Seplat Energy recorded the largest absolute price increase of N241.80 per share to N16,241.90, a 1.51% gain. Oando rose 14.80% to N38.00, while AXA Mansard gained 16.10%. On the downside, First HoldCo declined 2.73% and Zenith Bank fell 1.28% over the week.
