The Nigerian equities market misplaced N93.23 billion on Tuesday, November 10, 2026 as promoting strain in First HoldCo, Stanbic IBTC, Zenith Bank and NAHCO triggered reversal of a small a part of the earlier session’s rebound.
The NGX All-Share Index (ASI) declined by 0.06% to 252,313.16 factors from 252,456.74 factors.
Market capitalisation fell to N163.82 trillion from N163.92 trillion.
Banking blue-chip names majorly drove market decline on Tuesday, led by First HoldCo which fell 1.83%, shedding N2.00 to shut at N107.00 from N109.00.
Stanbic IBTC additionally declined 1.54%, dropping N2.50 to shut at N160.00 from N162.50 whereas Zenith Bank dropped 0.85%, shedding N1.00 to N116.50 from N117.50.
Fidelity Bank slipped 0.60% to N24.80 from N24.95 simply as Wema Bank dipped 0.31%, dropping N0.10 to shut at N31.90 from N32.00.
Despite the decline, market sentiment remained optimistic with 32 gainers in opposition to 21 losers. Most of the decline got here from promoting in just a few banking stocks and from NAHCO, not from broad-based promoting.
Highlights of market efficiency:
- ASI: 252,313.16 factors; down 0.06% from 252,456.74 factors.
- ASI YTD acquire: 62.14%.
- Market Capitalisation: N163.82 trillion; down 0.06% from N163.92 trillion.
- Market cap YTD acquire: 64.85%.
- Deals: 31,543 transactions, down 26.46% from 42,891.
- Volume Traded: 545.30 million shares, up 20.29% from 453.31 million.
- Value Traded: N30.39 billion, down 0.54% from N30.55 billion.
- Market Breadth: Positive, with 32 gainers in opposition to 21 losers.
Top 5 Gainers:
- Champion Breweries: up 10.00%, from N8.50 to N9.35.
- Honeywell Flour: up 9.90%, from N29.30 to N32.20.
- CMFC: up 8.75%, from N2.97 to N3.23.
- Sovereign Trust Insurance: up 8.41%, from N2.14 to N2.32.
- UPL: up 8.33%, from N4.20 to N4.55.
Top 5 Losers:
- NAHCO: down 9.99%, from N151.20 to N136.10.
- Red Star Express: down 9.85%, from N13.70 to N12.35.
- DwellingTrust Mortgage Bank: down 9.79%, from N2.86 to N2.58.
- Abbey Mortgage Bank: down 5.22%, from N6.70 to N6.35.
- Caverton Offshore Support: down 4.29%, from N3.50 to N3.35.
More insights:
The market’s decline was concentrated in banking stocks. First HoldCo recorded the sharpest fall among the many main blue-chip banks, dropping 1.83% to N107.00. Stanbic IBTC had the most important absolute decline, dropping N2.50 to shut at N160.00.
Other notable decliners that weighed on market efficiency included:
- Zenith Bank: fell 0.85% to N116.50, dropping N1.00 per share.
- Fidelity Bank: dropped 0.60% to N24.80.
- Wema Bank: declined 0.31% to N31.90.
NAHCO was the most important drag outdoors banking, shedding N15.10 per share as it fell 9.99%.
However, beneficial properties in different large-cap stocks restricted the broader decline. Transcorp rose 6.67%, UACN added 1.74%, GTCO gained 0.33%, and Access Holdings superior 0.18%.
Volume and worth:
Trading exercise was larger in quantity however lower in worth and offers. Neimeth led by quantity with 79.86 million items, or 14.65% of the entire.
- First HoldCo led by worth with N6.31 billion, or 20.77% of the entire.
- Excluding First HoldCo, worth traded was N24.08 billion, about 5% beneath Monday’s N25.35 billion excluding Seplat.
- The common worth per share traded fell about 17% to N55.73.
The heavy buying and selling in First HoldCo, even as its worth declined, means that promoting strain was concentrated within the inventory.
Sectoral efficiency:
Banking was the one main sector to say no, whereas insurance coverage posted the strongest acquire.
- Banking stocks declined 0.67% to 2,359.68 factors.
- Insurance stocks gained 1.33% to 1,053.71 factors.
- Consumer items stocks rose 0.19% to three,963.58 factors.
- Oil and fuel stocks added 0.09% to five,877.44 factors.
- Industrial stocks gained 0.04% to 12,336.97 factors.
- Commodity stocks closed flat at 1,859.15 factors.
What you need to know:
Tuesday’s decline reversed a part of the beneficial properties from Monday’s N2.32 trillion rebound, moderating the market’s year-to-date return to 62.14%. Month-to-date, the ASI is down 0.8%.
- First HoldCo, Stanbic IBTC, Zenith Bank, Fidelity Bank and Wema Bank all closed lower, pulling the banking index down 0.67%.
- Positive breadth and beneficial properties in insurance coverage, shopper items and oil and fuel stocks restricted the market’s losses.
- Turnover by worth and deal rely fell, even as quantity rose 20.29%.
Improving breadth and beneficial properties throughout a number of sectors may assist a near-term rebound. Continued promoting in heavyweight banking stocks and subdued buying and selling exercise might restrict a broader restoration.
