The Nigerian equities market gained over N307 billion on Wednesday, November 4, 2026, extending its constructive momentum as features in Transcorp Power, GTCO, Zenith Bank and UBA lifted the benchmark index larger.
Buying curiosity in Transcorp Power (+9.97%), GTCO (+5.1%), Zenith Bank (+2.65%) and UBA (+2.68%) supported the market, outweighing losses in Eterna, Sovereign Trust Insurance and different declining stocks.
Consequently, the NGX All-Share Index (ASI) superior by 0.19% to 254,762.81 factors from 254,289.35 factors within the earlier session. Market capitalisation elevated by roughly N307.4 billion to N165.42 trillion.
The market’s year-to-date return rose to 63.72%, whereas the month-to-date return improved to 0.2%. Market sentiment additionally strengthened, with 27 advancers outnumbering 23 decliners.
Trading exercise was blended, as quantity and transaction worth elevated, whereas the variety of offers declined. Investors traded 552.31 million shares valued at N37.46 billion in 32,874 transactions.
What the information is saying:
- ASI: 254,762.81 factors; up 0.19% from 254,289.35 factors.
- ASI YTD gain: 63.72%.
- Market Capitalisation: N165.42 trillion; up 0.19% from N165.11 trillion.
- Market Capitalisation YTD Gain: 66.45%.
- Deals: 32,874 transactions; down 15.88% from 39,078 transactions.
- Volume Traded: 552.31 million shares; up 5.11% from 525.44 million shares.
- Value Traded: N37.46 billion; up 65.66% from N22.61 billion.
- Market Breadth: Positive, with 27 gainers towards 23 losers.
Top Five Gainers:
- Transcorp Power: Up 9.97%, from N184.60 to N203.00.
- Caverton Offshore Support: Up 9.84%, from N3.05 to N3.35.
- E-Tranzact: up 9.68%, from N15.50 to N17.00.
- Haldane McCall: Up 7.36%, from N3.26 to N3.50.
- International Energy Insurance: Up 7.27%, from N1.65 to N1.77.
Top Five Losers
- Eterna: Down 9.94%, from N42.75 to N38.50.
- Sovereign Trust Insurance: Down 9.91%, from N2.12 to N1.91.
- Learn Africa: Down 9.84%, from N9.15 to N8.25.
- Cornerstone Insurance: Down 9.30%, from N4.30 to N3.90.
- Mutual Benefits Assurance: down 6.85%, from N2.92 to N2.72.
More insights:
The market’s advance was supported by shopping for curiosity in heavyweight banking stocks and Transcorp Power, which recorded the strongest value gain throughout the session.
- GTCO gained 5.1%, whereas Zenith Bank rose 2.65% to N120.00.
- UBA superior 2.68% to N42.10, and Fidelity Bank added 1.69% to N24.00.
- Wema Bank additionally gained 1.25% to shut at N32.40.
Other notable gainers included Honeywell Flour, which rose 4.04% to N24.45, and Transcorp, which added 0.17% to N30.05.
Sectoral efficiency:
Banking stocks led sectoral features, with the Banking Index rising 0.72% to 2,403.98 factors.
- Commodity stocks superior 0.63% to 1,858.91 factors.
- Insurance stocks declined 0.54% to 1,019.09 factors.
- Consumer items stocks shed 0.11% to three,966.50 factors.
- Oil and fuel stocks dipped 0.07% to five,854.47 factors.
- Industrial stocks closed flat at 12,606.99 factors.
On the dropping aspect, Eterna recorded the steepest decline, shedding 9.94% to N38.50. Sovereign Trust Insurance and Learn Africa additionally misplaced almost 10% every.
Volume and worth:
Trading exercise improved in worth and quantity phrases.
- The complete quantity traded rose 5.11% to 552.31 million shares.
- Transaction worth elevated 65.66% to N37.46 billion.
- Zichis was essentially the most traded inventory by quantity, with 127.48 million shares.
- First HoldCo led buying and selling by worth, recording N12.67 billion.
However, deal rely declined 15.88% to 32,874 transactions, indicating fewer transactions regardless of the rise in total market turnover.
What you need to know:
Wednesday’s features prolonged the modest rebound seen within the earlier session on Tuesday, when the market gained N28.65 billion in market value as renewed shopping for in choose heavyweight stocks recovered most of Monday’s losses.
Higher buying and selling quantity and transaction worth pointed to elevated market turnover, though deal rely declined.
Sustained shopping for in heavyweight banking stocks may assist additional market features.
However, blended sectoral efficiency and continued losses in chosen counters might restrict the market’s near-term upside.
