The Nigerian equities market bounced again strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to shut greater at N163.92 trillion, up from N161.59 trillion and pushed by strong features in industrial shares led by Dangote Cement and Transcorp Power Plc.
The NGX All-Share Index (ASI) additionally rose 1.44% to 252,456.74 factors, lifting its year-to-date return to 62.23% whereas market capitalisation improved by 64.95% year-to-date (YTD).
However, the rally was slim.
Dangote Cement gained N128.90 to shut at N1,469.90, and its acquire alone accounts for a lot of the day’s N2.32 trillion. Transcorp Power rose 5.65% and Oando 8.46%. Market breadth was adverse, with 28 decliners in opposition to 20 advancers, a ratio of 0.7x.
Highlight of market efficiency:
- ASI: 252,456.74 factors; up 1.44%, from 248,877.22 factors.
- ASI YTD acquire: 62.23%.
- Market capitalisation: N163.92 trillion; up 1.44%, from N161.59 trillion.
- Market capitalisation acquire: N2.32 trillion.
- Market capitalisation YTD acquire: 64.95%.
- Deals: 42,891 transactions; up 31.30%, from 32,666.
- Volume traded: 453.31 million shares; up 20.03%, from 377.66 million.
- Value traded: N30.55 billion; up 13.71%, from N26.87 billion.
Sector efficiency:
- NGX Industrial: 12,331.52 factors; up 5.68%, from 11,668.33.
- NGX Insurance: 1,039.87 factors; up 1.28%, from 1,026.74.
- NGX Commodity: 1,859.15 factors; up 0.42%, from 1,851.36.
- NGX Banking: 2,375.68 factors; up 0.25%, from 2,369.84.
- NGX Oil/Gas: 5,872.20 factors; up 0.22%, from 5,859.28.
- NGX Consumer Goods: 3,956.13 factors; down 0.03%, from 3,957.25.
Top 5 Gainers:
- Mansard Insurance: up 9.75%, from N11.80 to N12.95.
- Sovereign Trust Insurance: up 9.74%, from N1.95 to N2.14.
- Dangote Cement: up 9.61%, from N1,341.00 to N1,469.90.
- Oando: up 8.46%, from N33.10 to N35.90.
- Fidelity Bank: up 6.85%, from N23.35 to N24.95.
Top 5 Losers:
- Thomas Wyatt: down 9.62%, from N2.60 to N2.35.
- UPL: down 8.70%, from N4.60 to N4.20.
- FTG Insurance: down 7.38%, from N1.49 to N1.38.
- TIP: down 6.88%, from N26.90 to N25.05.
- Zichis: down 5.59%, from N17.00 to N16.05.
Blue-chip shares driving the features:
- Dangote Cement: up 9.61%, gaining N128.90 to N1,469.90. Its surge explains the 5.68% bounce within the Industrial index.
- Transcorp Power: up 5.65%, gaining N12.40 to N232.00.
- Fidelity Bank: up 6.85%, gaining N1.60 to N24.95.
- Access Holdings: up 2.23%, gaining N0.60 to N27.50.
- Zenith Bank: up 0.09%, gaining N0.10 to N117.50.
What the information is saying
Dangote Cement’s N128.90 acquire is value about N2.18 trillion in market worth, roughly 94% of the day’s N2.32 trillion acquire. Without it, the market would have been near flat, which inserts the adverse breadth and the 0.03% decline in Consumer Goods.
- Today’s acquire is a partial restoration. Nairametrics reported that the ASI closed at 254,762.81 factors on November 4, with market capitalisation at N165.42 trillion.
- The market subsequently misplaced about N3.83 trillion between that shut and Friday’s N161.59 trillion, and at the moment’s acquire recovers about 61% of it.
- The ASI stays about 0.9% beneath its November 4 degree.
Trading exercise improved, with offers up 31.30%, quantity up 20.03% and worth up 13.71%.
More insights:
Oando’s rally got here after a streak of losses that noticed the value tumble regardless of modest enchancment in its earnings within the 9 months to September 2026.
What you must know:
Nairametrics reported that Dangote Cement gained 33.12% in October to shut at N1,420 from N1,066.70, and the market added N2.01 trillion in October to succeed in N165.11 trillion. Today’s N1,469.90 shut is above that degree.
Nairametrics also reported that Transcorp Power recorded the strongest value acquire on November 4, alongside features in GTCO, Zenith Bank and UBA.
Dangote Cement’s shares rose 69.79% from N609.00 in the beginning of the 12 months 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 beginning value.
