Market Update For November 28,2025
The Nigerian equities market closed the week on a firmly bullish note, extending gains from the previous session as renewed investor confidence continued to filter through the market. Friday’s trading session reflected an acceleration in buying sentiment, driven largely by improved liquidity, stronger institutional activity, and sector rotation into fundamentally resilient stocks. With 33 gainers outperforming 21 losers, the session underscored a deepening appetite for equities as investors positioned for month-end flows, year-end portfolio adjustments, and anticipation of broader macroeconomic policy clarity.
The hospitality, consumer goods, industrial, and banking sectors were the primary beneficiaries of the market’s heightened interest. IKEJAHOTEL once again stole the spotlight with a maximum 10% increase, firmly breaking its 52-week high and closing at N30.25—a move that indicates sustained buying strength and a continuation of its multi-session rally. NGXGROUP followed closely with a strong 9.98% gain as investors interpreted the performance of the exchange operator as a positive forward-looking signal for the broader market. CADBURY demonstrated significant momentum, surging 8.63% following renewed interest from investors seeking exposure to consumer goods counters expected to benefit from improved demand dynamics. TRANSCORP and UACN also enjoyed steady buy pressure, supported by investor optimism around their operational performance and ongoing restructuring strategies.
In the banking space, UBA, GTCO, and WAPCO saw consistent interest as investors continued to rotate into stocks with strong balance sheets and attractive valuations. GTCO and UBA posted mild yet steady gains, indicating ongoing accumulation by both domestic and foreign portfolio investors. NB and MTNN added further stability to the market with marginal advances, contributing to the broader upward trajectory. ACCESSCORP remained the session’s most heavily traded stock, maintaining its leadership in both volume and value, as investors continued to take positions in anticipation of December’s liquidity cycle and potential updates on capital market reforms.
Friday’s market activity was notable for its sheer volume, which surged by an impressive 462.83% to close at 1.83 billion units. This marked one of the most active sessions in recent weeks and signaled a significant resurgence in market participation. The total value of transactions climbed to N20.03 billion across 20,645 deals, reflecting robust interest across multiple sectors. ACCESSCORP’s dominance in trade was evident, contributing 5.65% of total volume and 10.82% of total value traded. ELLAHLAKES and CONHALLPLC also posted strong activity, contributing 4.53% and 3.24% respectively as traders shifted attention to mid- and small-cap counters that are beginning to show recovery patterns.
In the global commodity markets, crude oil prices traded mixed as investors adopted a cautious stance ahead of the OPEC+ meeting scheduled for Sunday. Brent crude futures for the January expiry slipped 0.38% to $63.10 per barrel as traders balanced expectations of potential output adjustments against uncertainty arising from ongoing Russia-Ukraine peace discussions. The more active February Brent contract also traded lower at $62.65 per barrel. U.S. West Texas Intermediate crude edged higher to $58.89 per barrel after trading resumed from a temporary system outage at the CME Group and the U.S. Thanksgiving holiday. Market participants remained alert to geopolitical risk, supply constraints, and possible policy decisions that could influence energy market stability in the coming weeks.
From a technical analysis perspective, the NGX All-Share Index continues to exhibit a bullish pattern, trading comfortably above its 20-day and 50-day moving averages. This positioning suggests sustained accumulation in key counters and reinforces the prevailing upward trend. Momentum indicators, including the Relative Strength Index (RSI), point to strengthening buying pressure, while improving market breadth further supports a continuation of the current sentiment. A critical resistance region has formed between 143,800 and 144,000 points—a zone the market may test in the coming sessions. A decisive breakout above this level could pave the way for the index to target the 145,500 mark, a psychologically significant threshold. Meanwhile, support remains firm around 142,700 points, offering a cushion against short-term pullbacks.
As the month draws to a close, market sentiment is expected to remain constructive. Investors may continue to rebalance portfolios, position for Q4 earnings expectations, and take advantage of opportunities created by market volatility. Sectors likely to attract strong interest include banking, consumer goods, energy-related counters, and hospitality stocks that have shown resilience and strong demand dynamics. External factors, including global oil price fluctuations, geopolitical developments, and OPEC+ decisions, will continue to influence market direction in the near term.
By the end of Friday’s session, the Nigerian equities market closed higher as the All-Share Index settled at 143,520.53 points, representing a 0.20% gain. Market capitalisation advanced to N92.19 trillion, supported by strong turnover with a total traded value of N20.03 billion and a volume of 1.83 billion units. IKEJAHOTEL, NGXGROUP, and CADBURY emerged as the top gainers of the day, reinforcing the positive sentiment in the hospitality and consumer goods segments, while ABBEYBDS led the laggards as the market concluded the trading week on firm bullish footing.
Invest 2026 Traders & Investors Summit
Theme: Pre-Election Year Investment Opportunities & Risks
Sub-Topics
- Comprehensive Earnings Guide for Profitable Investing and Trading in 2026, by Mr Peter Sunday Adebola, Managing Director/CEO Edgefield Capital Management Ltd
- Pre-Election Year Rally: How Economic Events & Tax Reforms Fuel Bull Or Bear Cases In 2026, by Mr Teriba Adeboye, MD/CEO, Qualinvest Capital ltd
- NGX Pre-Election Year Performance & Historical Patterns:10 Golden Stocks For Profitably Investing, by Mr Ambrose Omordion, CRO. Investdata Consulting Ltd
- Nigeria Infrastructural Gap & Fiscal Policy Reforms: Where are Investment Opportunities in 2026, by Mr Tope Ojo, Managing Partner, Tope & Tunde Estate Surveyors & Valuers
- Investment Opportunities In The Alternative Markets In 2026 & Beyond, by Dr Sylvester Anaba (PhD, FCS) Head Research, United Capital Plc
- The Pre-election Economy & 2016 Budget: Implementation and Impact On NGX, by Mr Abiola Rasaq, Former Head, Investor Relations & Portfolio Investments United Bank For Africa Plc
- NGX New Highs & Correction: The Power Of Price Action, Time & Momentum In Profitable Trading In 2026 & Beyound, by Mr Abdul-Rasheed Oshoma Momoh, ED Operations, TRW Stockbrokers Ltd
- Strategies For Equity Investing & Trading In A Pre-Election Year, by Mr Kebira Jimoh Aruna, MD/CEO GlobalView Capital Ltd
Riding the tide of pre- election Years in Nigeria, 2026 is not just any year—it’s part of a powerful historical trend or pattern that should be known to smart traders or discerning investors in any investment window, market or exchange in Nigeria today. It comes with tradable opportunities and risks that are associated with elections and post-elections. The ability to navigate between politics and economy creates the wealth to makes the difference in your investment. The reading of a nation’s electoral cycle and how investors perceive whether there could be a change in leadership or continuity, is a major factor that results in much of the uncertainty in pre-election years have been known for. This, it is believed can, and does spike market volatility and businesses, especially when it is seen that a new party may take power. This summit will help market players to navigate 2026 profitably by maximizing gains and minimize losses
Take away from this summit includes:
How to construct a resilient and Powerful Portfolio that adapts to market and economic changes.
● What to expect from the market and economy as the new tax reforms kicks off in 2026.
● Why historical patterns and trends in Nigerian election cycle is important when taking your investment decision in 2026 and beyond.
● The power of liquidity and corporate earnings in price movement.
● How to anticipate big sector moves and recovery in 2026 with ongoing reforms
● Understanding the cycle of 4 years opportunities time frames that comes with election preparation in Nigeria
● 10 golden stocks for 2026
Date: December 6, 2025
Fee: N75,000
Venue: Zoom
If you want to be among the winning investors and traders in 2026, send Yes to: 08028164085, or 08179547605 now.
