The Nigerian Exchange (NGX) misplaced N3.52 trillion in fairness market capitalisation in the week ended November 6, 2026, as the All-Share Index fell 2.13% to 248,877.22 factors, with Honeywell Flour Mills and Transcorp Power main a skinny group of gainers.
The NGX All-Share Index (ASI) closed the week at 248,877.22 factors from 254,299.49 factors, a lack of 5,422.27 factors.
Market capitalisation fell by the identical margin to N161.59 trillion from N165.11 trillion at the begin of the week.
The market’s year-to-date (YTD) return moderated to 59.93%.
The decline adopted renewed sell-offs throughout world fairness markets, which weighed on home sentiment and triggered broad-based losses. It additionally displays profit-taking and portfolio rebalancing as traders place forward of the year-end buying and selling interval.
Market breadth stayed unfavourable: 29 equities gained, decrease than 33 in the earlier week, whereas 57 declined, greater than 48. Sixty equities closed unchanged, in contrast with 65 a week earlier.
Honeywell Flour Mills, Transcorp Power lead the week’s gainers:
Honeywell Flour Mills was the greatest performer, gaining 30.82% to N29.50 from N22.55. The rally extends its October run, when it rose 25.28% to N22.55.
Since the end of September, when it traded at N18.00, Honeywell has gained about 63.89%.
Transcorp Power adopted with a 23.37% rise to N219.60 from N178.00.
E-Tranzact International additionally prolonged its rally, gaining 14.42% to N18.65, up about 52.87% from N12.20 at the finish of September.
Top 10 greatest performers by proportion achieve (October 30 vs. November 6):
- Honeywell Flour Mills: +30.82%, from N22.55 to N29.50
- Transcorp Power: +23.37%, from N178.00 to N219.60
- E-Tranzact International: +14.42%, from N16.30 to N18.65
- Axamansard Insurance: +9.77%, from N10.75 to N11.80
- The Initiates: +9.57%, from N24.55 to N26.90
- University Press: +9.52%, from N4.20 to N4.60
- UPDC: +7.46%, from N3.35 to N3.60
- Haldane McCall: +7.36%, from N3.26 to N3.50
- AIICO Insurance: +7.04%, from N3.55 to N3.80
- Omatek Ventures: +6.06%, from N1.32 to N1.40
- Vitafoam, Sovereign Trust Insurance prime the losers:
- Vitafoam Nigeria recorded the steepest decline, falling 18.96% to N141.50 from N174.60.
- Sovereign Trust Insurance misplaced 17.02% to N1.95, whereas Eterna dropped 15.79% to N36.00.
- Large-priced counters additionally got here underneath stress. Presco misplaced N184.00 per share, Aradel Holdings misplaced N143.90 and HBM Nigeria misplaced N35.00.
Top 10 worst performers by proportion loss:
- Vitafoam Nigeria: -18.96%, from N174.60 to N141.50
- Sovereign Trust Insurance: -17.02%, from N2.35 to N1.95
- Eterna: -15.79%, from N42.75 to N36.00
- ABC Transport: -13.64%, from N6.60 to N5.70
- International Energy Insurance: -12.82%, from N1.95 to N1.70
- Mcnichols Consolidated: -10.28%, from N5.35 to N4.80
- HBM Nigeria: -10.00%, from N350.00 to N315.00
- Sunu Assurances: -10.00%, from N3.00 to N2.70
- Presco: -10.00%, from N1,840.80 to N1,656.80
- Aradel Holdings: -9.99%, from N1,439.90 to N1,296.00
Blue chips give again October positive aspects:
Dangote Cement, October’s top large-cap performer, misplaced 5.56% (N79.00) to shut at N1,341.00 from N1,420.00, having rallied 33.12% final month.
First HoldCo fell 7.68% to N110.00, extending its 25.48% October decline. Its cumulative loss since the finish of September is about 31.21%.
Other large-cap actions:
- Access Holdings: -5.94%, from N28.60 to N26.90
- Nestlé Nigeria: -3.64%, from N2,750.00 to N2,650.00
- MTN Nigeria: -1.53%, from N850.00 to N837.00
- Zenith Bank: -1.34%, from N119.00 to N117.40
Guinness Nigeria’s 1.65% decline to N416.00 displays an ex-dividend adjustment for its N7.00 dividend, efficient November 2, 2026. Unilever Nigeria additionally traded ex-dividend, with its worth adjusted by N2.00 to N107.00 from N109.00.
Sectoral efficiency:
Industrial and Oil & Gas sectors have been the main drags throughout the assessment week.
- NGX Industrial Goods Index: -4.35% to 11,668.33 factors
- NGX Oil/Gas Index: -3.72% to five,859.28 factors
- NGX Banking Index: -2.45% to 2,369.84 factors
- NGX Consumer Goods Index: -1.41% to three,957.25 factors
- NGX Insurance Index: -0.03% to 1,026.74 factors, the most resilient sector
Despite the pullback, a number of indices retain sturdy YTD positive aspects: Oil/Gas (+119.43%), Industrial Goods (+105.56%). The Insurance Index stays down -13.67% YTD, whereas Consumer Goods is down 0.46%.
Turnover drops sharply:
Investors traded 2.829 billion shares value N208.407 billion in 192,158 offers this week, in contrast with 7.619 billion shares valued at N637.826 billion in 192,138 offers final week.
- Volume fell about 62.87% and worth about 67.33%, whereas the variety of offers was flat.
- The Financial Services Industry led exercise by quantity with 1.983 billion shares value N126.627 billion in 84,899 offers, contributing 70.11% and 60.76% of complete turnover quantity and worth, respectively.
- The Consumer Goods Industry adopted with 245.568 million shares value N15.852 billion in 21,445 offers, whereas the Agriculture Industry was third with 160.610 million shares value N3.283 billion in 5,511 offers.
- First HoldCo, Access Holdings and Honeywell Flour Mill have been the most traded stocks by quantity, accounting for 992.859 million shares value N71.044 billion in 20,512 offers. That represents 35.10% and 34.09% of complete fairness turnover quantity and worth, respectively.
The week’s commerce information factors to a pointy however broad pullback, with few positive aspects confined to a handful of mid- and small-cap names. Investors can be watching whether or not shopping for curiosity returns to the massive caps as the year-end buying and selling interval approaches.
