{"id":11260,"date":"2026-11-04T08:39:08","date_gmt":"2026-11-04T08:39:08","guid":{"rendered":"https:\/\/ograsset.com\/?p=11260"},"modified":"2026-11-04T08:44:50","modified_gmt":"2026-11-04T08:44:50","slug":"nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday-losses","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/11\/04\/nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday-losses\/","title":{"rendered":"Nigeria\u2019s stock market gains N28.65 billion, reversing much of Monday losses"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"693\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-12.png\" alt=\"\" class=\"wp-image-11261\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-12.png 975w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-12-300x213.png 300w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-12-768x546.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Nigerian equities market closed Tuesday, November 3, 2026, on a positive note, adding N28.65 billion in market value as renewed buying in select heavyweight stocks recovered most of Monday\u2019s losses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NGX All-Share Index (ASI) rose 0.02% (44.14 points) to 254,289.35 points from 254,245.21. Market capitalisation rose to N165.11 trillion from N165.08 trillion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The year-to-date return of the ASI settled at 63.41%, while month-to-date returns remained flat at 0.0%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tuesday\u2019s gain recovered about 81% of the 54.28-point loss recorded on Monday, November 2, when the ASI fell 0.02% from 254,299.49 points.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Also Read<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/04\/abbey-banks-9m-pre-tax-profit-hits-n3-23-billion-beats-q3-forecast-by-77-58\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Abbey Bank\u2019s 9M pre-tax profit hits N3.23 billion, beats Q3 forecast by 77.58%<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/04\/eternas-9m-pre-tax-profit-surges-635-8-to-n10-28-billion-beats-q3-forecast\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Eterna\u2019s 9M pre-tax profit surges 635.8% to N10.28 billion, beats Q3 forecast<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/04\/nigerias-securities-auctions-fall-55-86-to-n9-501-trillion-in-october\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Nigeria\u2019s securities auctions fall 55.86% to N9.501 trillion in October<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/nairametrics.com\/2026\/11\/02\/nigerian-stocks-open-november-lower-as-banking-oil-and-gas-stocks-drag-market\/\"><strong>Nairametrics reported that Monday\u2019s weak opening to November was driven by sell-offs<\/strong><\/a> 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\u2019s N28.65 billion gain recovered roughly 82% of that.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of Monday\u2019s casualties led the rebound. International Breweries rose 6.5% to N9.05, and Zenith Bank gained 0.8% to close at N116.90. Stanbic IBTC added 1.2% to N163.90, and Transpower 3.7%. Access Corp also gained 1.89% to N27.00.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What the data is saying:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All-Share Index: 254,289.35 points, up 0.02% from 254,245.21 points.<\/li>\n\n\n\n<li>ASI Year-to-Date Gain: 63.41%.<\/li>\n\n\n\n<li>Market Capitalisation: N165.11 trillion, up N28.65 billion from N165.08 trillion.<\/li>\n\n\n\n<li>Market Capitalisation YTD Gain: 66.14%.<\/li>\n\n\n\n<li>Month-to-Date Return: 0.0%.<\/li>\n\n\n\n<li>Volume Traded: 525.44 million shares, up 1.58% from 517.26 million.<\/li>\n\n\n\n<li>Value Traded: N22.61 billion, down 52.38% from N47.48 billion.<\/li>\n\n\n\n<li>Deals: 39,078 transactions, down 27.65% from 54,015.<\/li>\n\n\n\n<li>Market Breadth: Negative, with 20 advancers against 32 decliners.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top Five Gainers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>UPL \u2014 up 9.52% to N4.60<\/li>\n\n\n\n<li>Omatek \u2014 up 8.59% to N1.39.<\/li>\n\n\n\n<li>International Breweries \u2014 up 6.47% to N9.05.<\/li>\n\n\n\n<li>Guinea Insurance \u2014 up 5.26% to N0.80.<\/li>\n\n\n\n<li>Royal Exchange \u2014 up 5.26% to N1.00.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top Five Losers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FTG Insurance \u2014 down 10.00% to N1.53.<\/li>\n\n\n\n<li>Vitafoam \u2014 down 9.99% to N141.50.<\/li>\n\n\n\n<li>UPDC REIT \u2014 down 9.95% to N19.00.<\/li>\n\n\n\n<li>Abbey Mortgage Bank \u2014 down 8.73% to N5.75.<\/li>\n\n\n\n<li>Caverton \u2014 down 7.58% to N3.05.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Sectoral performance<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NGX Commodity: +0.22%<\/li>\n\n\n\n<li>NGX Consumer Goods: +0.18%<\/li>\n\n\n\n<li>NGX Banking: +0.03%<\/li>\n\n\n\n<li>NGX Oil &amp; Gas: +0.02%<\/li>\n\n\n\n<li>NGX Industrial: broadly flat<\/li>\n\n\n\n<li>NGX Insurance: -1.15%<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>More insights:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The market\u2019s marginal recovery was supported by buying in selected heavyweight stocks, particularly International Breweries, Zenith Bank, Stanbic IBTC and Access Corporation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">International Breweries recorded a 6.47% gain to N9.05, reversing part of Monday\u2019s selloff.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zenith Bank also recovered 0.78% to N116.90, while Stanbic IBTC advanced 1.17% to N163.90.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Access Corporation gained 1.89% to N27.00, while Transpower rose 3.7%, adding to the positive performance of selected counters.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Among the notable stocks supporting the rebound:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">International Breweries\u2019 6.47% was the strongest advance among the highlighted heavyweight stocks.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transpower advanced 3.7%.<\/li>\n\n\n\n<li>Access Corporation rose 1.89%.<\/li>\n\n\n\n<li>Stanbic IBTC gained 1.17%.<\/li>\n\n\n\n<li>Zenith Bank added 0.78%.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">However, the recovery was not broad-based. Market breadth remained negative, with 32 decliners outweighing 20 advancers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the losers\u2019 side, FTG Insurance and Vitafoam recorded the steepest losses, falling 10.00% and 9.99%, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">UPDC REIT declined 9.95%, while Abbey Mortgage Bank and Caverton shed 8.73% and 7.58%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Sectoral performance mixed<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Commodity Index led gains while Insurance recorded the largest sectoral decline.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Commodity Index advanced by 0.22% to 1,847.35 points, followed by Consumer Goods, which rose 0.18% to 3,970.91 points.<\/li>\n\n\n\n<li>The Banking Index gained 0.03%, while Oil and Gas advanced 0.02%.<\/li>\n\n\n\n<li>The Industrial Index remained broadly flat.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Insurance recorded the largest sectoral decline, falling 1.15% to 1,024.67 points.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Trade volume and value<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Trading activity weakened considerably by value. Although volume increased 1.58% to 525.44 million shares, transaction value fell 52.38% to N22.61 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deal count also declined 27.65% to 39,078 transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zichis was the most traded stock by volume, with 127.48 million shares, while Aradel led by value with N2.95 billion worth of shares traded.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What you should know:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Tuesday\u2019s session delivered a modest recovery for Nigerian equities, with the All-Share Index gaining 0.02% and market capitalisation adding N28.65 billion.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The gain reversed most of Monday\u2019s market value decline, supported by renewed buying in International Breweries, Zenith Bank, Stanbic IBTC and Access Corporation.<\/li>\n\n\n\n<li>However, negative market breadth showed that the rebound was concentrated in selected stocks rather than reflecting broad-based buying. Insurance was also the weakest major sector, declining 1.15%.<\/li>\n\n\n\n<li>Trading value and deal count fell sharply, despite a slight increase in volume. This suggests that the market\u2019s price recovery was accompanied by weaker overall transaction activity.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Selective accumulation in fundamentally sound stocks could support further gains. However, continued selling pressure in declining counters and weak market breadth may constrain the market\u2019s near-term recovery.<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/nairametrics.com\/2026\/11\/03\/nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday-losses\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market closed Tuesday, November 3, 2026, on a positive note, adding N28.65 billion in market value as renewed buying in select heavyweight stocks recovered most of Monday\u2019s losses. The NGX All-Share Index (ASI) rose 0.02% (44.14 points) to 254,289.35 points from 254,245.21. Market capitalisation rose to N165.11 trillion from N165.08 trillion. The&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/11\/04\/nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday-losses\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":11261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-11260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-12.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=11260"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11260\/revisions"}],"predecessor-version":[{"id":11263,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11260\/revisions\/11263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/11261"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=11260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=11260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=11260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}