The Nigerian equities market misplaced about N3.28 trillion on Thursday, November 5, 2026, as heavy promoting in Dangote Cement, Presco, UACN, HBM Nigeria and a number of other Tier 1 banks dragged the benchmark index sharply decrease.
Dangote Cement and Presco every fell by a most of 10%, whereas UACN (-7.85%) and HBM Nigeria (-7.71%) additionally posted steep losses. Losses in First HoldCo, Nigerian Exchange Group, Nigerian Breweries, Stanbic IBTC, GTCO and UBA added to the stress.
Consequently, the NGX All-Share Index (ASI) fell by 1.98% to 249,710.59 factors from 254,762.81 factors within the earlier session, a lack of 5,052.22 factors. Market capitalisation declined to N162.13 trillion from N165.42 trillion.
The market’s year-to-date return moderated to 60.47% from 63.72%, whereas the month-to-date return turned adverse, at about -1.8%. Market sentiment weakened, with 36 decliners outnumbering 20 advancers.
Trading exercise surged regardless of the decline, as quantity, worth and deal rely all elevated. Investors traded 856.28 million shares valued at N74.09 billion in 33,540 transactions.
Highlights of market efficiency:
- ASI: 249,710.59 factors; down 1.98% from 254,762.81 factors.
- ASI YTD acquire: 60.47%.
- Market Capitalisation: N162.13 trillion; down 1.98% from N165.42 trillion.
- Market Capitalisation YTD Gain: 63.15%.
- Deals: 33,540 transactions; up 2.03% from 32,874 transactions.
- Volume Traded: 856.28 million shares; up 55.04% from 552.31 million shares.
- Value Traded: N74.09 billion; up 97.81% from N37.46 billion.
- Market Breadth: Negative, with 20 gainers in opposition to 36 losers.
Top 5 Gainers:
- CWG: Up 9.94%, from N15.60 to N17.15.
- Abbey Mortgage Bank: Up 9.84%, from N6.10 to N6.70.
- Honeywell Flour: Up 9.82%, from N24.45 to N26.85.
- eTranzact: Up 9.71%, from N17.00 to N18.65.
- Caverton Offshore Support: Up 8.96%, from N3.35 to N3.65.
Top 5 Losers:
- Dangote Cement: Down 10.00%, from N1,490.00 to N1,341.00.
- Presco: Down 10.00%, from N1,840.80 to N1,656.80.
- WAPIC: Down 9.91%, from N2.22 to N2.00.
- Austin Laz & Company: Down 8.57%, from N2.45 to N2.24.
- Lasaco Assurance: Down 8.57%, from N1.75 to N1.60.
More insights:
The market’s decline was pushed by promoting in heavyweight shares slightly than by the largest proportion losers alone.
Dangote Cement’s N149 drop was the principle drag accounting for roughly N2.5 trillion of the day’s market worth loss, about three-quarters of the whole.
The inventory had been risky in current weeks.
On October 19, a 5.50% fall to N1,008.00 minimize N1.47 trillion from the market in a single session.
Wednesday’s N1,490.00 shut was about 48% above that degree, and Thursday’s shut of N1,341.00 remains to be about 33% increased.
Other notable decliners among the many heavyweights included:
- Presco fell N184.00 to N1,656.80, the most important absolute value loss on the day.
- UACN misplaced N14.20 to N166.80.
- HBM Nigeria shed N27.00 to N323.00.
- First HoldCo declined 2.40% to N110.00.
- Nigerian Exchange Group fell 2.24% to N161.20.
- Nigerian Breweries misplaced 2.50% to N70.20.
Stanbic IBTC fell 0.85% to N162.50, GTCO dipped 0.81% to N122.00 and UBA slipped 0.24% to N42.00.
Sectoral efficiency:
All six sector indices closed decrease, with industrial shares recording the steepest decline.
- Industrial shares fell 7.14% to 11,707.38 factors.
- Insurance shares declined 2.51% to 993.55 factors.
- Banking shares shed 0.66% to 2,388.23 factors.
- Commodity shares dipped 0.41% to 1,851.36 factors.
- Consumer items shares misplaced 0.14% to three,961.01 factors.
- Oil and gasoline shares fell 0.04% to five,852.29 factors.
Volume and worth:
Trading exercise rose sharply, even as costs fell.
- The whole quantity traded rose 55.04% to 856.28 million shares.
- Transaction worth elevated 97.81% to N74.09 billion, practically double the earlier session’s turnover.
- Deal rely rose 2.03% to 33,540 transactions.
The increased turnover in a falling market means that traders had been actively promoting into the decline slightly than the market merely drifting decrease.
What it’s best to know:
Thursday’s decline greater than worn out the beneficial properties of the earlier periods, when the market had added N307.4 billion on shopping for in Transcorp Power and banking shares.
The market has misplaced over ten instances that quantity in in the future.
The ASI stays up 60.47% year-to-date, however the sell-off was concentrated in a handful of closely weighted shares.
Continued promoting in large-cap counters might maintain near-term volatility. However, bargain-hunting within the oversold heavyweights might present some assist.
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