Market Recovers: Cement and Banking Stocks Power NGX Upswing
Sector Performance and Key Drivers
The Nigerian exchange (NGX) experienced a rebound in the trading week ended December 5, 2025. At the week’s close, the NGX All-Share index (ASI) appreciated by 2.45% and closed at 147,040.26 points, up from 143,520.53 points in the prior week.
Similarly, the market capitalization ticked up to N93.72 trillion from 91.286 trillion in the previous week. This reflected a renewed confidence and valuation recovery in a few large-cap stocks.
What Moved The Market
The Nigerian exchange NGX eased its losing streak as a few heavyweight stocks pulled the market up, with cement and banking stocks doing most of the work. Stocks such as Dangote Cement, Nigerian Breweries, and Guinness Nigeria recorded double-digit gains, alongside significant increases in UBA during the week. This trend indicates relief from previous weeks of selling pressure and positive investor sentiment in the market.
The NGX Premium index was boosted by heavyweight stocks, ending the week with a 5.50% gain.
Sectoral Performance
The NGX Industrial Goods Index led the sectors, recording an impressive gain of 7.36%, largely driven by Dangote Cement’s strong weekly performance.
The NGX Banking index gained by 3.20% week-on-week on the account of UBA and others, which posted strong gains in the review week. The NGX Consumer Goods index also saw an uptick of 1.56%.
Conversely, the Oil and Gas index is the sole loser with a weekly loss of 0.57%.
The week concluded with 55 equities gaining, a notable increase from the 38 gainers in the previous week. Meanwhile, 29 equities depreciated, while remained unchanged.
Market Analysis
ASI Weekly Close: 147,040.08 points
Market Capitalization: N93.722 trillion
Week-on-Week Change: 2.45%
Year-to-Date Return: 42.86%
Top Gainers
NCR (NIGERIA) PLC. up 33.03%
U A C N PLC. up 22.69%
GUINNESS NIG PLC up 18.56%
DANGOTE CEMENT PLC up 15.02%
NIGERIAN BREW. PLC. up 12.36%
SUNU ASSURANCES NIGERIA PLC. up 10.71%
Top Losers
R T BRISCOE PLC. -12.79%
LEGEND INTERNET PLC -10.71%
UNION DICON SALT PLC. -10.00%
ASSOCIATED BUS COMPANY PLC -9.88%
CORNERSTONE INSURANCE PLC -8.33%
CAP PLC -6.16%
Trading activity, however, stayed soft. Volumes and value traded were not significantly higher, which signals that the rally was driven more by selective repositioning than a widespread rush into equities. This makes the rebound encouraging, but still fragile.
