Market Update For November 25, 2025
The Nigerian equities market staged a notable recovery on Tuesday, halting its six-session downturn in a session that reflected the first signs of improving investor confidence after days of persistent sell-side pressure. The rebound was characterized by renewed appetite for fundamentally strong stocks, rotational entry into undervalued sectors, and selective bargain hunting from both retail and institutional investors who had waited patiently through the previous sessions of broad declines.
After opening the week on a cautious tone, the market began trading with modest volatility, reflecting lingering concerns around tightening liquidity conditions, ongoing portfolio adjustments, and uncertain macroeconomic sentiment. However, as the session progressed, buying interest gradually overshadowed the earlier weakness. Key value-driven counters saw renewed traction, signalling that investors are beginning to reassess downside risks and re-enter positions at more attractive pricing levels.
The performance across sectors painted a picture of increasing confidence. The industrial goods sector saw mild accumulation, while the banking sector—historically a barometer for early shifts in investor mood—registered renewed interest as investors positioned for resilience in Tier-1 names. Blue-chip financial stocks such as GTCO, ZENITHBANK, and FIRSTHOLDCO benefitted from strategic re-entry by high-net-worth and institutional investors who had likely delayed trades during the extended decline.
Consumer goods and conglomerates also played a central role in the rebound. Steady demand for counters like PZ and UACN reflected the market’s recognition of steady earnings potential and improved value propositions. Meanwhile, hospitality and aviation support stocks—IKEJAHOTEL and NAHCO—continued their upward trajectory, underscoring persistent bullish sentiment around companies perceived to benefit from service-related economic expansion and post-pandemic recovery cycles.
Beyond equities, market activity showed an interesting divergence between volume and value. While volume moderated, indicating caution among smaller retail participants, value remained elevated, demonstrating significant block trades and institutional inflows. STANBIC, known for attracting large-ticket transactions, once again led in value, suggesting sustained interest from offshore-linked and large domestic portfolios.
From a technical standpoint, Tuesday’s rebound may represent an early inflection point in the current market cycle. The NGX All-Share Index, still trading above the 20-day moving average, retained its medium-term bullish bias. Although momentum indicators had weakened over prior sessions, the slight uptick in RSI and improving market breadth provide early signals that the market may be transitioning from correction to early recovery—provided that follow-through buying emerges in subsequent sessions.
The broader sentiment remains influenced by macroeconomic variables including inflation patterns, the interest rate environment, and FX liquidity dynamics—all of which investors will be closely monitoring. Furthermore, as year-end approaches, fund managers often engage in strategic portfolio rebalancing or window dressing, which could inject short-term volatility but may also create supportive inflows in select high-conviction sectors.
In the global commodities environment, oil prices continued to trend downward, extending losses for a second session after reports indicated progress in peace discussions involving Ukraine and the United States. Brent crude fell nearly 2% to $62.15, while WTI dipped to $57.63, as traders digested the potential implications for geopolitical risk premiums. Although the details of the agreement remain fluid, expectations surrounding President Zelenskiy’s potential visit to Washington contributed to market speculation about a de-escalation in the conflict, which typically places downward pressure on crude prices. These oil price movements hold particular relevance for Nigeria, given the critical role of crude earnings in fiscal stability, external reserves, and exchange rate management—factors that can indirectly impact equity market flows.
Looking ahead, the outlook for the Nigerian equities market appears cautiously optimistic. The return of buy-side activity, especially in fundamentally strong names, suggests growing conviction that the recent selloff may have been overdone. However, investors are likely to remain tactical, favoring positions in stocks with strong balance sheets, resilient earnings pathways, attractive valuations, and compelling dividend yields. Short-term volatility may persist, but the underlying structure of the market shows potential for further recovery if improved sentiment and liquidity conditions align.
At the close of Tuesday’s session, the NGX All-Share Index (ASI) advanced by 0.10% to 143,763.13 points. Market capitalization grew by ₦94.47bn to ₦91.44trn, lifting the year-to-date return to 39.68%. The session’s top gainer was NCR (+9.98%), which surged above its 52-week high, while UNIONDICON topped the losers’ list. Market activity posted 556.15 million units traded, valued at ₦18.71bn across 19,500 deals. FIRSTHOLDCO recorded the highest volume at 93.72 million units, while STANBIC led value turnover with ₦3.21bn.
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.
