Market Update For November 24, 2025
The Nigerian equities market began the new trading week on a cautious footing, extending the weak sentiment that dominated the previous sessions. Investors approached the market with measured optimism, balancing bargain-hunting opportunities with heightened risk awareness amid mixed macroeconomic cues. After attempting a mild early rebound, the market succumbed to sustained sell pressure, especially in major blue-chip stocks, dragging the overall performance into negative territory.
The day’s mood reflected investors’ growing preference for defensive plays as liquidity conditions continue to shift in response to global and domestic macro narratives. Market participants adopted a selective approach, rotating out of tickers that had rallied strongly in earlier sessions, particularly leading banking names, consumer mid-caps, and a few industrial counters. Meanwhile, bargain hunters continued to pick up value in fundamentally sound stocks, but their impact was insufficient to tilt the session positive.
Across sectors, sentiment was uneven. The banking index struggled under renewed profit-taking as investors locked in gains from last week’s mild recovery. The insurance space also witnessed slight pullbacks, while consumer goods traded mixed with modest interest in low-priced names. Oil & gas stocks remained broadly stable, mirroring the global crude oil market’s sideways movement.
Internationally, market watchers kept a close eye on crude oil prices, which steadied after last week’s 3% slide. Traders continued to weigh hopes for a U.S. rate cut, optimism around U.S.–Ukraine peace negotiations, and the evolving sanctions landscape. Brent crude hovered at $62.50, while WTI settled near $58.03, as the market prioritized diplomatic developments over supply-side disruptions. Analysts noted that the newly activated U.S. sanctions on Rosneft and Lukoil, which would ordinarily spark upward price reactions, were largely overshadowed by expectations of a possible de-escalation in the conflict.
Technical Analysis:
Monday’s chart pattern shows the market continuing its short-term corrective wave, closing slightly below its near-term support band. Momentum indicators, including the Money Flow Index and RSI, reflect weakening inflows as traders adopt a wait-and-see approach. The market breadth also turned negative, underscoring the dominance of sellers. However, price behavior in select banking and energy stocks suggests emerging pockets of accumulation at lower levels. Volume patterns remain healthy, a sign that institutional players are still active, though cautious.
The candlestick formation for the day signals indecision amid ongoing sell pressure, suggesting the market may continue trading within a narrow band unless fresh catalysts emerge. We expect volatility to remain elevated in the near term, with potential for sharp intraday swings as players rotate positions.
Outlook:
We anticipate a mixed trading pattern in the next session, driven largely by portfolio rebalancing ahead of month-end and expectations of further macroeconomic communication from policymakers. Bargain-hunting may surface in oversold large-cap banking and industrial stocks, though overall market direction may hinge on liquidity flows and sentiment around global risk assets. Investors are advised to remain cautious, trade with well-defined entry and exit points, and stay aligned with fundamentally resilient names.
Market Performance Summary:
The benchmark All-Share Index (ASI) closed the session lower by 0.08%, settling at 143,614.61 points against 143,722.62 points posted on Friday. Market capitalization declined by ₦68.69 billion to ₦91.35 trillion, while YTD return moderated to 39.53%. Profit-taking weighed heavily on major names such as VITAFOAM (-4.14%), UBA (-2.85%), TRANSCORP (-1.10%), ZENITHBANK (-0.42%), IKEJAHOTEL (-0.24%), and FBNH (-0.16%). ETRANZACT emerged as the session’s top gainer, while VITAFOAM led the losers’ table. Market turnover improved as traded volume rose 5.77% to 694.78 million units, valued at ₦28.67 billion across 24,041 deals, with GTCO dominating both volume (203.85m units) and value (₦17.24bn), accounting for the bulk of market activity.
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, 08179547605 now.
