Kayode Tokede
The Nigerian inventory market commenced the month of November 2026 on a destructive word, subdued by shopping for curiosity in heavyweight shares that led the main market indicator down by 0.02 per cent.
The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 0.02 per cent to shut at 254,245.21 foundation factors, bringing year-to-date return stays robust at 63.38 per cent.
The market capitalisation shed N35 billion to N165.08 trillion.
The downturn was pushed by worth depreciation in massive and medium capitalised shares amongst that are; Aradel Holdings, Nestle Nigeria, Vitafoam Nigeria, Zenith Bank and Guaranty Trust Holding Company (GTCO).
Market sentiment remained destructive, with 41 decliners, outnumbering 21 advancers. Consolidated Hallmark Insurance led the gainers chart by 10 per cent to shut at N7.15, per share.
Livestock Feeds adopted by a achieve of 9.77 per cent to shut at N14.60, whereas AXA Mansard Insurance rose by 9.30 per cent to shut at N11.75, per share.
UPDC up by 7.46 per cent to shut at N3.60 and NPF Microfinance Bank elevated by 7.14 per cent to shut at N4.50, per share.
On the opposite facet, Champion Breweries and Uni Assurance led the loser’s chart by 10.00 per cent every to shut at N8.10 and N2.70 respectively, whereas Aradel Holdings adopted with a lack of 9.99 per cent to shut N1,296.00, per share.
Vitafoam down by 9.97 per cent to N157.20 and Cornerstone Insurance down 9.89 per cent to shut at N4.10, per share.
The complete quantity traded declined by 48.2 per cent to 517.26 million items, valued at N47.48 billion, and exchanged in 54,015 offers. Transactions within the shares of Honeywell Flour Mill led the exercise with 74.185 million shares value N1.793 billion. Access Holdings adopted with account of 41.602 million shares valued at N1.171 billion, whereas GTCO traded 41.065 million shares valued at N4.798 billion.
Fidelity Bank traded 29.173 million shares value N672.985 million, whereas Consolidated Hallmark Holdings traded 28.503 million shares value N202.322 million.
Looking forward, Cowry Assets Management Limited mentioned, sustained promoting stress and weak market breadth might restrict near-term restoration, though selective bargain-hunting might cushion additional losses.
