The Nigerian equities market closed Tuesday, November 3, 2026, on a constructive notice, including N28.65 billion in market worth as renewed shopping for in choose heavyweight shares recovered most of Monday’s losses.
The NGX All-Share Index (ASI) rose 0.02% (44.14 factors) to 254,289.35 factors from 254,245.21. Market capitalisation rose to N165.11 trillion from N165.08 trillion.
The year-to-date return of the ASI settled at 63.41%, whereas month-to-date returns remained flat at 0.0%.
Tuesday’s achieve recovered about 81% of the 54.28-point loss recorded on Monday, November 2, when the ASI fell 0.02% from 254,299.49 factors.
Nairametrics reported that Monday’s weak opening to November was driven by sell-offs in Aradel (-10%), International Breweries (-8.6%), Access Corp (-7.3%) and Zenith Bank (-2.5%), leaving the market down by over N35 billion in market capitalisation. Tuesday’s N28.65 billion achieve recovered roughly 82% of that.
Some of Monday’s casualties led the rebound. International Breweries rose 6.5% to N9.05, and Zenith Bank gained 0.8% to shut at N116.90. Stanbic IBTC added 1.2% to N163.90, and Transpower 3.7%. Access Corp additionally gained 1.89% to N27.00.
What the information is saying:
- All-Share Index: 254,289.35 factors, up 0.02% from 254,245.21 factors.
- ASI Year-to-Date Gain: 63.41%.
- Market Capitalisation: N165.11 trillion, up N28.65 billion from N165.08 trillion.
- Market Capitalisation YTD Gain: 66.14%.
- Month-to-Date Return: 0.0%.
- Volume Traded: 525.44 million shares, up 1.58% from 517.26 million.
- Value Traded: N22.61 billion, down 52.38% from N47.48 billion.
- Deals: 39,078 transactions, down 27.65% from 54,015.
- Market Breadth: Negative, with 20 advancers in opposition to 32 decliners.
Top Five Gainers
- UPL — up 9.52% to N4.60
- Omatek — up 8.59% to N1.39.
- International Breweries — up 6.47% to N9.05.
- Guinea Insurance — up 5.26% to N0.80.
- Royal Exchange — up 5.26% to N1.00.
Top Five Losers
- FTG Insurance — down 10.00% to N1.53.
- Vitafoam — down 9.99% to N141.50.
- UPDC REIT — down 9.95% to N19.00.
- Abbey Mortgage Bank — down 8.73% to N5.75.
- Caverton — down 7.58% to N3.05.
Sectoral efficiency
- NGX Commodity: +0.22%
- NGX Consumer Goods: +0.18%
- NGX Banking: +0.03%
- NGX Oil & Gas: +0.02%
- NGX Industrial: broadly flat
- NGX Insurance: -1.15%
More insights:
The market’s marginal restoration was supported by shopping for in chosen heavyweight shares, significantly International Breweries, Zenith Bank, Stanbic IBTC and Access Corporation.
International Breweries recorded a 6.47% achieve to N9.05, reversing half of Monday’s selloff.
Zenith Bank additionally recovered 0.78% to N116.90, whereas Stanbic IBTC superior 1.17% to N163.90.
Access Corporation gained 1.89% to N27.00, whereas Transpower rose 3.7%, including to the constructive efficiency of chosen counters.
Among the notable shares supporting the rebound:
International Breweries’ 6.47% was the strongest advance among the many highlighted heavyweight shares.
- Transpower superior 3.7%.
- Access Corporation rose 1.89%.
- Stanbic IBTC gained 1.17%.
- Zenith Bank added 0.78%.
However, the restoration was not broad-based. Market breadth remained adverse, with 32 decliners outweighing 20 advancers.
On the losers’ aspect, FTG Insurance and Vitafoam recorded the steepest losses, falling 10.00% and 9.99%, respectively.
UPDC REIT declined 9.95%, whereas Abbey Mortgage Bank and Caverton shed 8.73% and seven.58%.
Sectoral efficiency combined
The Commodity Index led gains whereas Insurance recorded the biggest sectoral decline.
- Commodity Index superior by 0.22% to 1,847.35 factors, adopted by Consumer Goods, which rose 0.18% to three,970.91 factors.
- The Banking Index gained 0.03%, whereas Oil and Gas superior 0.02%.
- The Industrial Index remained broadly flat.
Insurance recorded the biggest sectoral decline, falling 1.15% to 1,024.67 factors.
Trade quantity and worth
Trading exercise weakened significantly by worth. Although quantity elevated 1.58% to 525.44 million shares, transaction worth fell 52.38% to N22.61 billion.
Deal rely additionally declined 27.65% to 39,078 transactions.
Zichis was probably the most traded stock by quantity, with 127.48 million shares, whereas Aradel led by worth with N2.95 billion price of shares traded.
What you need to know:
Tuesday’s session delivered a modest restoration for Nigerian equities, with the All-Share Index gaining 0.02% and market capitalisation including N28.65 billion.
- The achieve reversed most of Monday’s market worth decline, supported by renewed shopping for in International Breweries, Zenith Bank, Stanbic IBTC and Access Corporation.
- However, adverse market breadth confirmed that the rebound was concentrated in chosen shares moderately than reflecting broad-based shopping for. Insurance was additionally the weakest main sector, declining 1.15%.
- Trading worth and deal rely fell sharply, regardless of a slight improve in quantity. This means that the market’s worth restoration was accompanied by weaker total transaction exercise.
Selective accumulation in basically sound shares might help additional gains. However, continued promoting stress in declining counters and weak market breadth might constrain the market’s near-term restoration.
