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Market capitalisation declined by ₦64 billion to ₦163.795 trillion.
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The All-Share Index shed 97.64 points to close at 252,269.16.
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Market breadth remained positive, with 22 gainers against 21 decliners, as Caverton led the advancers with a 10.00 percent gain.
November 13, (THEWILL) – The Nigerian Exchange Limited (NGX) closed the trading week marginally lower on Friday, as market capitalisation fell by ₦64 billion from ₦163.859 trillion at the open to ₦163.795 trillion at the close.
The All-Share Index (ASI) also shed 97.64 points, representing a 0.04 percent decline from 252,366.80 to 252,269.16 points. The decline followed Thursday’s recovery, when market capitalisation gained ₦328 billion and the benchmark index advanced by 0.20 percent.
Despite the marginal losses, market breadth remained positive, with 22 equities recording price gains against 21 decliners. The near-even balance between advancing and declining stocks reflected mixed investor sentiment during the session.
Top Gainers
- Caverton Offshore Support Group advanced by 10.00 percent (₦4.00 to ₦4.40).
- FTG Insurance gained 9.93 percent (₦1.51 to ₦1.66).
- Austin Laz rose by 9.91 percent (₦2.22 to ₦2.44).
- Lasaco Assurance appreciated by 9.20 percent (₦1.74 to ₦1.90).
- Veritas Kapital Assurance gained 9.00 percent (₦1.00 to ₦1.09).
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Top Decliners
- Multiverse Mining and Exploration fell by 9.90 percent (₦19.20 to ₦17.30).
- LivingTrust Mortgage Bank declined by 9.69 percent (₦2.58 to ₦2.33).
- eTranzact International shed 8.11 percent (₦18.50 to ₦17.00).
- Honeywell Flour Mills lost 4.58 percent (₦3.49 to ₦3.33).
- Sovereign Trust Insurance declined by 3.52 percent (₦2.27 to ₦2.19).
Several equities closed unchanged during the session, including Julius Berger Nigeria Plc, Custodian Investment Plc, John Holt Plc, Golden Guinea Breweries and Guinness Nigeria Plc, among others.
Friday’s session reflected a largely flat market performance, with the marginal decline in the benchmark index and market capitalisation coming alongside slightly positive market breadth. The 22 advancing equities narrowly outnumbered the 21 decliners, suggesting that buying interest remained active in selected stocks despite the overall market loss.
The unchanged positions of Julius Berger, Custodian Investment, John Holt, Golden Guinea Breweries and Guinness Nigeria indicated that several equities maintained their previous closing prices amid the mixed trading pattern.
The market’s performance over the two latest sessions showed that Thursday’s recovery was largely sustained, although Friday’s marginal losses prevented a further advance. Investors will be watching for stronger buying activity and broader participation in the coming week to determine whether the market can build on its recent recovery.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.