Nigeria’s stock market surges 2.9% as banking and energy stocks lead historic rebound
Nigeria's stock market, on November 12, 2025, saw a significant upsurge, with strong positive breadth and notable gains across various sectors. The benchmark All Share Index and market capitalization both rose substantially, reflecting renewed investor confidence in the finance industry. The All Share Index surged by 2.89% to close at 145,405.39 points, while market capitalization increased from N90.833 trillion to N93.455 trillion, indicating a 2.89% rise. This growth consolidated Nigeria's position as one of Africa's most resilient bourses amid global financial volatility. Banking stocks led the market recovery, with GTCO, Zenith Bank, Access Holdings, and ETI appreciating by the maximum 10% each. Consumer goods and energy stocks also boosted gains, with Nigerian Breweries, PZ Cussons, and Dangote Sugar performing significantly. The stock market gained N2.6 trillion in market capitalization on this day. Only a few mid-tier counters saw declines, led by Austin Laz, NEM Insurance, and Abbey Building Society due to profit-taking. Analysts expect sustained positive momentum in the short term, supported by bargain-hunting, positive corporate earnings, and stable macroeconomic indicators. Renewed investor confidence was highlighted following the government's assurance to address stockbrokers' complaints over the contentious Capital Gains Tax (CGT). On November 12, 2025, Nigeria's stock market witnessed a remarkable recovery, with banking, consumer goods, and energy stocks driving gains. The market capitalization rose by N2.6 trillion, reflecting renewed investor confidence and positive market sentiment. Despite a few mid-tier counters declining, the overall market breadth was strongly positive, indicating a resilient and robust Nigerian equities market.
