The Nigerian Exchange (NGX) rebounded on Tuesday, December 2, 2025, reversing previous losses as the All Share Index (ASI) rose by 1.20%, closing at 144,928.36 points. Market capitalization increased by 1.41%, settling at N92.38 trillion.
The market’s year-to-date (YTD) return also improved to 40.81% from 39.14%, boosted by renewed buying interest in Dangote Cement, NCR, and International Breweries, which offset selloffs in Ikeja Hotels, LEGENTINT, and Living Trust.
Despite the gains, market activity remained mixed. Transaction volume fell by 58.65%, while value traded surged by 112.64%, reflecting concentration in high-value counters.
Top traded stocks by volume and value:
- ACCESSCORP led the volume chart with 310.25 million units, maintaining its position as the most actively traded stock.
- SEPLAT topped the value chart with N22.48 billion in transactions.
Market Summary
- ASI: Up 1.20% to 144,928.36 points
- YTD Performance: 40.81%
- Market Capitalisation: N92.376 trillion
- Volume Traded: 606.25 million shares
- Value Traded: N39.690 billion
Top 5 Gainers
- Dangote Cement (DANGCEM): +9.99% to N588.00
- NCR: +9.98% to N66.10
- International Breweries (INTBREW): +9.66% to N11.35
- Livestock Feeds (LIVESTOCK): +8.33% to N6.50
- DAAR Communications (DAARCOMM): +8.14% to N0.93
Top 5 Losers
- Ikeja Hotel (IKEJAHOTEL): -9.92% to N28.60
- Legend (LEGENDINT): -9.91% to N5.00
- LivingTrust (LIVINGTRUST): -9.78% to N3.23
- WAPIC: -6.72% to N2.36
- FTN Cocoa (FTNCOCOA): -5.10% to N4.65
Sectoral Performance
- Industrial Goods: +4.30%, led by DANGCEM (+9.99%)
- Consumer Goods: +1.08%
- Banking: +0.19%
- Insurance: +0.16%
- Oil & Gas: +0.02%
Trading Activity
Top 5 by Volume:
- AccessCorp: 310 million shares
- Zenith Bank: 40.33 million shares
- Fidelity Bank: 38.17 million shares
- FCMB: 21.14 million shares
- GTCO: 20.81 million shares
Top 5 by Value:
- AccessCorp: N6.42 billion
- Zenith Bank: N2.42 billion
- GTCO: N1.80 billion
- MTNN: N664.35 million
- Aradel: N632.44 million
Market Outlook
The market’s rebound indicates improving investor sentiment, primarily driven by renewed interest in high-cap stocks like Dangote Cement and International Breweries. Positive closes in the Industrial Goods, Consumer Goods, and Banking sectors suggest selective accumulation as the year draws to a close.
However, the sharp 58.65% decline in transaction volume signals investor caution, even as the 112.64% surge in value traded points to concentration in a few large-ticket stocks. This combination of thin liquidity but heavy value inflows suggests that investors are strategically positioning in select counters rather than engaging in broad-based risk-on trading.
