NGX Market Wrap 13-Nov-2026 | Plus234Feed
The Nigerian Exchange closed marginally lower on Friday as the All-Share Index declined 0.04% to 252,269.16 points, reflecting a cautious market mood despite robust trading activity. Insurance and maritime stocks led gains while e-commerce and fintech plays retreated, with total deal value reaching ₦23.1 billion across 3.7 billion shares.
The NGX wrapped the week on a tepid note, with the All-Share Index shedding just 10.16 points to 252,269.16 in a session that underscores the market's current state of equilibrium. Whilst the headline decline appears negligible at 0.04%, the underlying action reveals a market grappling with sector-specific headwinds and selective investor confidence.
Insurance stocks dominated the gainers' board, with CAVERTON leading at +10.00% (up ₦0.40 to ₦4.40), followed closely by FTGINSURE (+9.93%, +₦0.15 to ₦1.66), AUSTINLAZ (+9.91%, +₦0.22 to ₦2.44), and LASACO (+9.20%, +₦0.16 to ₦1.90). This coordinated strength in the insurance sector suggests selective rotation into defensive plays or positive earnings sentiment.
Conversely, technology and fintech names faced selling pressure. MULTIVERSE led losses with a sharp -9.90% decline (down ₦1.90 to ₦17.30), whilst ETRANZACT retreated -8.11% (down ₦1.50 to ₦17.00). LIVINGTRUST also slipped -9.69%, losing ₦0.25 to ₦2.33. These declines may reflect profit-taking or sector-wide concerns about valuation.
Volume concentration remained skewed: LINKASSURE dominated with 3.1 billion shares traded, a notable outlier that accounted for substantial liquidity despite representing less than 10% of total deals.
Market breadth favoured gainers, though the narrow ASI movement suggests conviction remains limited ahead of the weekend close.
