{"id":11391,"date":"2026-11-10T08:58:56","date_gmt":"2026-11-10T08:58:56","guid":{"rendered":"https:\/\/ograsset.com\/?p=11391"},"modified":"2026-11-10T08:58:57","modified_gmt":"2026-11-10T08:58:57","slug":"dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/11\/10\/dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/","title":{"rendered":"Dangote Cement, Transcorp Power, Oando drive N2.32 trillion stock market rebound"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"698\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-46.png\" alt=\"\" class=\"wp-image-11392\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-46.png 975w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-46-300x215.png 300w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-46-768x550.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Nigerian equities market bounced back strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to close higher at N163.92 trillion, up from N161.59 trillion and driven by robust gains in industrial stocks led by Dangote Cement and Transcorp Power Plc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NGX All-Share Index (ASI) also rose 1.44% to 252,456.74 points, lifting its year-to-date return to 62.23% while market capitalisation improved by 64.95% year-to-date (YTD).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the rally was narrow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dangote Cement gained N128.90 to close at N1,469.90, and its gain alone accounts for most of the day\u2019s N2.32 trillion. Transcorp Power rose 5.65% and Oando 8.46%. Market breadth was negative, with 28 decliners against 20 advancers, a ratio of 0.7x.<\/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\/10\/investors-punish-nigerian-insurance-stocks-even-as-profits-surge\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Investors punish Nigerian insurance stocks even as profits surge<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/09\/nigerias-dollar-trading-plunges-to-1-81-billion-as-turnover-declines-51\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Nigeria\u2019s dollar trading plunges to $1.81 billion as turnover declines 51%<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/09\/zichis-key-shareholder-sells-10-45-stake-to-futureview-asset-management\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Zichis key shareholder sells 10.45% stake to Futureview Asset Management<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Highlight of market performance:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ASI: 252,456.74 points; up 1.44%, from 248,877.22 points.<\/li>\n\n\n\n<li>ASI YTD gain: 62.23%.<\/li>\n\n\n\n<li>Market capitalisation: N163.92 trillion; up 1.44%, from N161.59 trillion.<\/li>\n\n\n\n<li>Market capitalisation gain: N2.32 trillion.<\/li>\n\n\n\n<li>Market capitalisation YTD gain: 64.95%.<\/li>\n\n\n\n<li>Deals: 42,891 transactions; up 31.30%, from 32,666.<\/li>\n\n\n\n<li>Volume traded: 453.31 million shares; up 20.03%, from 377.66 million.<\/li>\n\n\n\n<li>Value traded: N30.55 billion; up 13.71%, from N26.87 billion.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Sector performance:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NGX Industrial: 12,331.52 points; up 5.68%, from 11,668.33.<\/li>\n\n\n\n<li>NGX Insurance: 1,039.87 points; up 1.28%, from 1,026.74.<\/li>\n\n\n\n<li>NGX Commodity: 1,859.15 points; up 0.42%, from 1,851.36.<\/li>\n\n\n\n<li>NGX Banking: 2,375.68 points; up 0.25%, from 2,369.84.<\/li>\n\n\n\n<li>NGX Oil\/Gas: 5,872.20 points; up 0.22%, from 5,859.28.<\/li>\n\n\n\n<li>NGX Consumer Goods: 3,956.13 points; down 0.03%, from 3,957.25.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Gainers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mansard Insurance: up 9.75%, from N11.80 to N12.95.<\/li>\n\n\n\n<li>Sovereign Trust Insurance: up 9.74%, from N1.95 to N2.14.<\/li>\n\n\n\n<li>Dangote Cement: up 9.61%, from N1,341.00 to N1,469.90.<\/li>\n\n\n\n<li>Oando: up 8.46%, from N33.10 to N35.90.<\/li>\n\n\n\n<li>Fidelity Bank: up 6.85%, from N23.35 to N24.95.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Losers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Thomas Wyatt: down 9.62%, from N2.60 to N2.35.<\/li>\n\n\n\n<li>UPL: down 8.70%, from N4.60 to N4.20.<\/li>\n\n\n\n<li>FTG Insurance: down 7.38%, from N1.49 to N1.38.<\/li>\n\n\n\n<li>TIP: down 6.88%, from N26.90 to N25.05.<\/li>\n\n\n\n<li>Zichis: down 5.59%, from N17.00 to N16.05.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Blue-chip stocks driving the gains:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dangote Cement: up 9.61%, gaining N128.90 to N1,469.90. Its surge explains the 5.68% jump in the Industrial index.<\/li>\n\n\n\n<li>Transcorp Power: up 5.65%, gaining N12.40 to N232.00.<\/li>\n\n\n\n<li>Fidelity Bank: up 6.85%, gaining N1.60 to N24.95.<\/li>\n\n\n\n<li>Access Holdings: up 2.23%, gaining N0.60 to N27.50.<\/li>\n\n\n\n<li>Zenith Bank: up 0.09%, gaining N0.10 to N117.50.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What the data is saying<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Dangote Cement\u2019s N128.90 gain is worth about N2.18 trillion in market value, roughly 94% of the day\u2019s N2.32 trillion gain. Without it, the market would have been close to flat, which fits the negative breadth and the 0.03% decline in Consumer Goods.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Today\u2019s gain is a partial recovery. Nairametrics reported that the ASI closed at 254,762.81 points on November 4, with market capitalisation at N165.42 trillion.<\/li>\n\n\n\n<li>The market therefore lost about N3.83 trillion between that close and Friday\u2019s N161.59 trillion, and today\u2019s gain recovers about 61% of it.<\/li>\n\n\n\n<li>The ASI remains about 0.9% below its November 4 level.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Trading activity improved, with deals up 31.30%, volume up 20.03% and value up 13.71%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>More insights:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Oando\u2019s rally came after a streak of losses that saw the price tumble despite modest improvement in its earnings in the nine months to September 2026.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transcorp Power, despite today\u2019s gain, is still below where 2026 began. <a href=\"https:\/\/nairametrics.com\/2026\/02\/06\/transcorp-power-reports-n120-billion-profit-for-2025-announces-n4-dividend\/\"><strong>Nairametrics reported that its share price closed 2025 at N307.00,<\/strong><\/a> which puts today\u2019s N232.00 about 24% lower.<\/li>\n\n\n\n<li>Zichis fell -5.59% from N17.00 after notifying the NGX on Monday that <a href=\"https:\/\/nairametrics.com\/2026\/11\/09\/zichis-key-shareholder-sells-10-45-stake-to-futureview-asset-management\/\"><strong>Futureview Asset Management had acquired a 10.45% stake from Chilla Entertainment.<\/strong><\/a><\/li>\n<\/ul>\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\"><a href=\"https:\/\/nairametrics.com\/2026\/10\/31\/best-performing-nigerian-stocks-in-october-dangote-cement-lead-n2-01-trillion-rally\/\"><strong>Nairametrics reported that Dangote Cement gained 33.12% in October<\/strong><\/a> to close at N1,420 from N1,066.70, and the market added N2.01 trillion in October to reach N165.11 trillion. Today\u2019s N1,469.90 close is above that level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/nairametrics.com\/2026\/11\/04\/nigerian-stocks-gain-n307-billion-as-transcorp-power-banks-drive-market-rally\/\"><strong>Nairametrics also reported that Transcorp Power<\/strong><\/a> recorded the strongest price gain on November 4, alongside gains in GTCO, Zenith Bank and UBA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dangote Cement\u2019s shares rose 69.79% from N609.00 at the start of the year to N1,034.00 by July 31, taking its market capitalisation to about N17.45 trillion. At N1,469.90, the stock is up about 141% on the N609.00 starting price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/nairametrics.com\/2026\/11\/09\/dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/\">https:\/\/nairametrics.com\/2026\/11\/09\/dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market bounced back strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to close higher at N163.92 trillion, up from N161.59 trillion and driven by robust gains in industrial stocks led by Dangote Cement and Transcorp Power Plc. The NGX All-Share Index (ASI) also rose 1.44% to&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/11\/10\/dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":11392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-11391","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-46.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11391","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=11391"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11391\/revisions"}],"predecessor-version":[{"id":11394,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11391\/revisions\/11394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/11392"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=11391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=11391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=11391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}