10 Listed Equities Top Highest Returns In November

Ten listed equities in the capital market have achieved the highest investor returns among companies for November 2025.

The companies are: NCR Nigeria, Ikeja Hotel, Eunisell Interlinked, University Press, UACN, e-Tranzact International, Ellah Lakes, Legend Internet, Aso Savings & Loans and Jaiz Bank.

A review of the companies’ performance showed that NCR Nigeria emerged as the top performer on the NGX in November, delivering an impressive return of 241.56% to investors.

The company’s share price surged from N16.00 to N54.65, making it the highest-gaining stock on the NGX for the month. This remarkable performance is attributed to the company’s strong financial results, including a pre-tax profit of N237.9 million, reversing a loss of N2.6 billion in the same period last year.

Ikeja Hotel followed with a monthly gain of 60.90 per cent from N18.80 per share in the beginning of the month to N30.25 per share on November 28, 2025, while Eunisell Interlinked posted a monthly gain of 37.29 per cent from N59.00 to N81.00 per share.

Also, University Press, UACN, e-Tranzact International, Ellah Lakes, Legend Internet, Aso Savings & Loans and Jaiz Bank declared a monthly growth of 19.05 per cent, 18.65 per cent, 13.78 per cent, 6.95 per cent, 6.46 per cent, 3.88 per cent and 3.33 per cent as at November 28, 2025.

It will be recalled that the equities market experienced a sharp decline in November, with the benchmark All-Share Index (ASI) dropped by 6.88 per cent month-on-month to 143,520.53 points from 154,126.45 points in October.

Market capitalisation also contracted by N6.52 trillion to close the month at N91.29 trillion. Despite this monthly drop, the exchange has delivered a moderate year-to-date return of 39.44 per cent.

Looking forward to December, Cowry Assets Management Limited said, “after a steep 6.88 per cent drop in November, the equities market may experience continued volatility in December.

“Investor sentiment is likely to remain cautious amid broad sectoral weakness, particularly in Industrials and Insurance. Year-end portfolio adjustments, profit-taking, and macroeconomic developments could influence market activity. However, selective buying opportunities may emerge in fundamentally strong stocks, supporting moderate recovery potential before the year closes.”

United Capital Plc stated that, “we expect strategic positioning for the full year earnings season to drive the equity market in the month of December 2025 leading to an appreciation in the equity market.”

It added that, “there are strong opportunities in building materials, banking, insurance, fast moving, ICT, consumer and food & beverages as leading stocks in these sectors are trading at low multiples.”

United Capital noted further that the relatively low valuation provides a great opportunity for portfolio rebalancing to buy into the current deep, saying, “the T+2 settlement period announced by Securities and Exchange Commission (SEC) is also expected to renew investor sentiment in the equity space.

“Overall, economic fundamentals and financial market mood suggest that the equity market should appreciate in December 2025.”