The Nigerian equities market closed Thursday’s trading session on a positive note, as investors exchanged a total of 619.6 million shares in 24,854 deals, valued at approximately ₦16.50 billion.
The activity level reflects a 20% increase in traded volume and a 3% rise in turnover when compared with the previous session on Wednesday, November 5. However, the number of deals declined by 9%, indicating reduced transaction frequency despite stronger market participation.
The overall market capitalisation of the Nigerian Stock Exchange (NGX) stood at ₦95.3 trillion at the close of trade.
UPDC Plc (UPDC) continued its strong upward trajectory, closing at ₦6.59 per share—representing a 9.8% gain from its previous closing price of ₦6.00. The property development firm has been one of the year’s standout performers, having surged 314% year-to-date from its opening price of ₦1.59. This performance places UPDC as the fifth-best-performing stock on the Exchange so far in 2025.
FCMB Group also recorded a positive session, gaining 8% to close at ₦10.80 from ₦10.00. The financial services group has seen a 14.9% increase year-to-date, ranking it 100th on the NGX performance table.
On the losing chart, Legend Internet (LEGENDINT) ended the day at ₦5.26, a 9.9% decline from its previous price of ₦5.84. Since its IPO on April 24 at ₦6.20, the stock has shed 15.2% of its value and dropped 6% over the past four weeks, raising concerns among investors about sustained bearish sentiment.
Similarly, Champion Breweries (CHAMPION) fell 9.7%, closing at ₦14.40 from ₦15.95. Despite the day’s decline, the beverage company remains one of the strongest gainers this year, with a 278% year-to-date rise from its January opening price of ₦3.81. However, recent price movements show pressure, as the stock has lost 14% over the last month, signalling possible profit-taking or weakening momentum.
Analysts suggest that the mixed performance is indicative of cautious trading, with investors selectively positioning in high-performing equities while pulling back from recently overheated stocks. Market watchers expect liquidity and broader economic cues to continue shaping investor decisions in the coming weeks.
