Nigerian Market Rebounds with N328 Billion Gain on Nov 12

On November 12, 2026, the Nigerian equities market rebounded, with the market capitalization increasing by N328.26 billion to N163.86 trillion from N163.53 trillion. This rise was attributed to renewed buying in heavyweight stocks, lifting the benchmark NGX All-Share Index (ASI) by 0.20% to 252,366.80 points from 251,861.24 points.

Key contributors to this advance included Seplat (NGX: SEPLAT), which rose by 3.12%, Stanbic IBTC (NGX: STANBIC) with a 2.55% increase, and First HoldCo (NGX: FIRSTHOLDCO), which gained 2.09%. The year-to-date returns for the ASI and market capitalization improved to 62.18% and 64.89%, respectively.

Trading activity saw a significant increase, with 2.91 billion shares valued at N78.66 billion exchanged in 28,318 deals. Livestock Feeds (NGX: LIVESTOCK) was the most traded stock by volume, while First HoldCo led by value.

Despite the positive sentiment, 20 stocks declined, including International Breweries (NGX: INTBREW), which fell by 7.18%.