NGX Market Report For 11th November 2025

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TOP GAINERS

Company	Close	Change	Potential Reasons	Sector
NCR	21.25	1.9	Renewed investor interest following consistent earnings growth and technology-driven expansion	Technology / ICT
BERGER	36	0.9	Moderate gains driven by expectations of higher demand in the construction sector	Industrial Goods / Paints
FCMB	10.5	0.1	Positive sentiment on strong Q3 banking results and improved customer base	Banking
MANSARD	12.1	0.03	Marginal uptick likely from steady trading and insurance sector resilience	Insurance
CONOIL	190.7	0	No price movement; market stability amid oil price fluctuations	Oil & Gas
CUTIX	3.1	0	Flat performance; limited investor activity in manufacturing stocks	Industrial Goods
CAP	73	0	Price unchanged due to lack of new catalysts	Industrial Goods / Paints
CHAMPION	13.5	0	Stable trading; awaiting fresh fundamentals in the brewery sector	Consumer Goods / Brewery
CHAMS	3	0	No change; market consolidation following earlier ICT sector gains	Technology / ICT
CNIF	100	0	Stable trading volume; limited investor activity	Financial Services

 

Written Summary

Today’s trading session showed mild upward movement among select stocks, led by NCR, which gained ₦1.9 to close at ₦21.25, reflecting renewed investor confidence in the ICT sector. BERGER Paints followed with a ₦0.9 increase, likely due to expectations of stronger demand from the construction and housing markets.

FCMB and MANSARD posted modest upticks, supported by optimism in the banking and insurance sectors respectively.

Meanwhile, most other stocks — including CONOIL, CUTIX, CAP, CHAMS, and CNIF — traded flat, showing a generally cautious market sentiment with investors awaiting fresh economic triggers or earnings updates.

Overall, market activity was steady but quiet, with ICT, banking, and industrial goods sectors showing the most resilience.

Top 5 Potential Stocks (Written Summary)

1. NCR (₦21.25 | +1.9)
   NCR leads the list with a strong price gain and renewed investor confidence in the ICT and technology solutions sector. The company’s recent focus on digital transformation and payment automation has boosted investor optimism, making it a solid short- to medium-term pick.
2. BERGER (₦36 | +0.9)
   BERGER Paints continues to attract attention due to the construction industry’s rebound and infrastructure-driven policies. Demand for paints and coatings remains steady, suggesting the stock could maintain upward momentum.
3. FCMB (₦10.5 | +0.1)
   FCMB’s consistent performance and positive banking sector fundamentals — including strong Q3 financials and growing digital banking operations — position it well for potential near-term appreciation.
4. MANSARD (₦12.1 | +0.03)
   AXA Mansard’s stability and steady trading reflect resilient performance in the insurance sector. Gradual growth, alongside improving investor confidence, supports its long-term investment potential.
5. CONOIL (₦190.7 | 0.00)
   Although flat today, Conoil remains one to watch. The company’s exposure to the oil and gas sector and prospects for increased downstream activity make it a potential mover if crude prices stabilize.

Top 5 Penny Stocks (Written Summary)

1. CHAMS (₦3.00 | 0.00)
   Despite no price movement, CHAMS remains a notable player in the ICT and digital identity solutions space. With Nigeria’s increasing digitalization push, the company could see fresh investor attention as new contracts and fintech projects emerge.
2. CUTIX (₦3.10 | 0.00)
   CUTIX, a manufacturer of electrical cables, continues to benefit from renewed infrastructure and power sector projects. Its stable price today may indicate consolidation ahead of a potential upward move.
3. MANSARD (₦12.10 | +0.03) (borderline penny-to-mid range)
   Though slightly above ₦5, AXA Mansard remains an affordable stock with strong fundamentals in the insurance sector, making it attractive to small and medium investors seeking gradual returns.
4. CHAMPION (₦13.50 | 0.00) (watchlist candidate)
   While technically not a penny stock, Champion Breweries remains low-cost relative to its peers. The stock could rebound with improvements in consumer spending and brewery sector margins.
5. DEAPCAP (₦1.90 | 0.17) (from recent market context)
   Although not listed in today’s table, DEAPCAP’s consistent low pricing and small gains make it one of the most watched micro-cap financials, supported by speculators looking for short-term plays.

 

TOP LOSERS

Company	Close	Change	Potential Reasons	Sector
CUSTODIAN	34.2	-3.8	Profit-taking after recent gains and cautious sentiment in insurance stocks.	Insurance / Financial Services
DANGCEM	594	-66	Sell-off following recent rally; investors locking in profits amid broader market correction.	Industrial Goods / Cement
BUACEMENT	162	-18	Price pullback due to sector-wide cooling in cement stocks and reduced institutional demand.	Industrial Goods / Cement
TRANSCORP	39.6	-4.4	Market correction after sustained bullish run; mild investor repositioning in conglomerates.	Conglomerates / Power & Hospitality
VERITASKAP	1.53	-0.17	Light sell pressure from retail investors; typical volatility in low-priced financial stocks.	Financial Services / Microfinance
DEAPCAP	1.71	-0.19	Speculative trading leading to minor pullback; limited market liquidity.	Financial Services / Investment
OANDO	36	-4	Dip driven by oil price fluctuations and profit-taking in the energy sector.	Oil & Gas
ACADEMY	6.75	-0.75	Market correction after previous strong run; investors booking profits.	Consumer Services / Education
MTNN	429.3	-47.7	Broad sell-off in telecom stocks due to regulatory uncertainty and reduced investor sentiment.	Telecommunications
CADBURY	56.3	-6.25	Price decline amid rising input costs and profit-taking in consumer goods.	Consumer Goods / FMCG

 

Market Summary — Top Losers

The market experienced a broad bearish session, with notable sell-offs across key sectors such as industrial goods, telecommunications, and financials. Heavyweights like Dangote Cement (DANGCEM) and MTN Nigeria (MTNN) led the decline, contributing significantly to the day’s negative sentiment.

Dangote Cement (-₦66 to ₦594) and BUA Cement (-₦18 to ₦162) faced steep declines as investors engaged in profit-taking after prior rallies in the cement sector. The pullback reflects market adjustments amid tightening liquidity and cautious institutional trading.

MTNN (-₦47.7 to ₦429.3) also weighed heavily on the index, driven by regulatory concerns and subdued telecom sector sentiment, while Custodian Investment (-₦3.8 to ₦34.2) and Transcorp (-₦4.4 to ₦39.6) saw corrections following strong previous gains, suggesting short-term profit-taking among investors.

In the consumer goods sector, Cadbury (-₦6.25 to ₦56.3) experienced pressure linked to rising input costs and waning investor appetite for FMCG stocks. Similarly, Academy Press (-₦0.75 to ₦6.75) and Oando (-₦4 to ₦36) saw pullbacks due to mild sector rotation and oil price volatility.

Penny stocks such as Veritaskap (-₦0.17) and Deapcap (-₦0.19) also witnessed modest losses, reflecting low liquidity and speculative repositioning.

Disclaimer: This analysis is based on historical data and is for informational purposes only. It is not financial advice. You should consult with a qualified financial advisor before making any investment decisions.