The Nigerian equities market opened November buying and selling on a bearish be aware on Monday, November 2, 2026, as losses in banking, oil and gas, and client items stocks outweighed good points in industrial and insurance coverage counters.
Selloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market efficiency, dragging the All-Share Index down. Consequently, the Month-to-Date and Year-to-Date returns settled at 0.0% and +63.4%, respectively.
The NGX All-Share Index (ASI) declined by 0.02% to 254,245.21 factors, down from 254,299.49 factors within the earlier session, whereas traders misplaced roughly N35.25 billion, lowering market capitalisation to N165.08 trillion with year-to-date in market capitalisation at 66.11%.
Trading exercise was blended, as deal rely elevated sharply regardless of declines in quantity and transaction worth. Market breadth remained unfavorable, with 41 decliners in opposition to 21 advancers, indicating stronger promoting stress throughout the alternate.
What the information is saying:
- ASI: 254,245.21 factors; down -0.02%, from 254,299.49 factors.
- ASI YTD acquire: 63.38%.
- Market Capitalisation: N165.08 trillion; down -0.02%, from N165.11 trillion
- Market Capitalisation YTD Gain: 66.11%
- Year-to-Date Return: 63.38%
- Deals: 54,015 transactions; up +42.63%, from 37,870 transactions.
- Volume Traded: 517.26 million shares; down -48.15%, from 997.57 million shares.
- Value Traded: N47.48 billion; down -44.67%, from N85.81 billion.
- Market Breadth: Negative, with 21 gainers in opposition to 41 losers
Top Five Gainers
- Consolidated Hallmark Holdings: up +10.00%, from N6.50 to N7.15.
- Livestock Feeds: up +9.77%, from N13.30 to N14.60.
- AXA Mansard Insurance: up +9.30%, from N10.75 to N11.75.
- UPDC Plc: up +7.46% from N3.35 to N3.60.
- NPF Microfinance Bank: up +7.14%, from N4.20 to N4.50.
Top Five Losers
- Champion Breweries: down -10.00%, from N9.00 to N8.10.
- SUNU Assurances Nigeria: down -10.00%, from N3.00 to N2.70.
- Aradel Holdings: -9.99%, from N1,439.90 to N1,296.00.
- Vitafoam Nigeria: -9.97%, from N174.60 to N157.20.
- Cornerstone Insurance: -9.89%, from N4.55 to N4.10.
More insights:
The market’s decline mirrored vital promoting stress in oil and gas, banking and client items stocks, regardless of robust good points in industrial counters.
The NGX Oil and Gas Index recorded the steepest sectoral decline, falling 3.75% to five,857.51 factors. The NGX Commodity Index adopted with a 2.76% loss to 1,843.21 factors.
Banking stocks additionally got here below stress, with the Banking Index declining 1.79% to 2,386.08 factors. Consumer items stocks shed 1.17%, closing at 3,966.93 factors.
Among the important thing sectoral actions:
- Oil and gas stocks recorded the most important sectoral decline, shedding 3.75%.
- Commodity stocks fell 2.76%, including to the market’s weak point.
- Banking stocks declined 1.79%, reflecting stress on monetary counters.
- Consumer items stocks misplaced 1.17%.
- Industrial stocks superior 3.34%, offering the strongest sectoral assist.
- Insurance stocks gained 0.93%, limiting the broader market decline.
Despite the sectoral weak point, chosen stocks recorded robust good points. Consolidated Hallmark Holdings led the advancers with a ten% appreciation, adopted by Livestock Feeds, which gained 9.77%.
On the shedding facet, a complete of 41 stocks recorded losses with Aradel Holdings reserving probably the most vital losses in absolute phrases.
- Champion Breweries and SUNU Assurances recorded the steepest declines, shedding 10% every.
- Aradel Holdings additionally dropped 9.99% to N1,296.00, representing the most important absolute share value lack of N143.90.
- Trading exercise offered a blended image.
- Deal rely rose 42.63% to 54,015 transactions.
- Volume traded declined 48.15% to 517.26 million shares.
- Transaction worth additionally fell 44.67% to N47.48 billion.
The mixture of lower turnover and unfavorable market breadth suggests that purchasing curiosity remained selective, whereas promoting stress affected a wider vary of stocks.
What you need to know:
Monday’s session marked a weak opening to November buying and selling, with the NGX All-Share Index shedding 0.02% as losses in oil and gas, banking and client items stocks outweighed good points elsewhere.
- The divergence between the Industrial Index, which gained 3.34%, and the Oil and Gas Index, which fell 3.75%, highlighted the uneven efficiency throughout sectors.
- Market breadth additionally remained unfavorable, with 41 decliners in opposition to 21 advancers, suggesting that promoting stress prolonged past a handful of heavyweight stocks.
- Although the benchmark index recorded solely a marginal decline, lower buying and selling quantity and transaction worth level to decreased market turnover.
Sustained weak point in banking and oil and gas stocks might weigh on near-term sentiment, whereas selective shopping for in industrial and insurance coverage counters could present some assist.
