Nigeria’s equities market recovered from a significant mid-week slump to add N2.20 trillion in value, closing Friday, November 13, 2026, at a market capitalization of N163.795 trillion. According to Nairametrics, the benchmark All-Share Index rose 1.36% week-on-week, finishing at 252,755.29 points compared to 248,877.22 points on November 6. This weekly gain marks a reversal of the previous week’s losses, with the market’s year-to-date return settling at 62.11%.
The recovery was fueled by strategic buying in sectors that had seen sharp pullbacks. Investors targeted attractive low prices in the Insurance, Oil & Gas, Industrial Goods, and Commodity sectors following a Tuesday session where the market lost approximately N3.7 trillion. This dip created entry points for buyers, leading to impressive gains on Monday and Thursday sessions. The Insurance Index led sectoral performance with a 4.44% weekly advance, while the Industrial Goods Index surged 6.11% to 12,380.99 points, recording an 118.11% year-to-date gain.
Market breadth improved significantly, with 43 equities posting gains against 39 decliners for the week. Major blue-chip stocks provided mixed support on the final day. First HoldCo and UBA gained 1.76% and 1.20% respectively, while GTCO, Zenith Bank, and FCMB recorded marginal declines. In the broader market, smaller-cap names drove the strongest percentage gains, with Caverton Offshore Support rising 10.00% and FTG Insurance up 9.93%. Among large-cap stocks, Dangote Cement was the strongest performer by percentage gain, rising 9.61%, while Seplat Energy recorded the largest absolute price gain of N241.80 per share.
Despite the weekly recovery, Friday’s trading saw a slight moderation. The ASI fell 0.04% to 252,269.16 points, and market capitalization shed N63.41 billion to settle at N163.80 trillion. Transaction volume increased by 26.86% to 3.70 billion shares, though the total value traded dropped 70.62% to N23.11 billion. The market recorded 27,205 deals, down 3.93% from the previous week. The Industrial Goods Index remained the standout performer for the week, while the Consumer Goods Index fell 0.55% and the Banking Index shed 0.21%.