Nigerian Exchange Market Loses N3.28tn Amid Bearish Trading

On November 6, 2026, trading on the Nigerian Exchange Limited concluded with a bearish trend, resulting in a decline of N3.28 trillion in equity market capitalisation, which closed at N162.13 trillion. The benchmark NGX All-Share Index fell by 1.98 percent, closing at 249,710.59 points, down from 254,762.81 points in the previous session.

The downturn was primarily attributed to significant losses in large-cap stocks, notably Dangote Cement Plc and Presco Plc, both of which reached the daily maximum price decline of 10.00 percent. Specifically, Dangote Cement's share price dropped from N1,490.00 to N1,341.00, while Presco's fell from N1,840.80 to N1,656.80.

Other notable decliners included Wapic Insurance Plc, which decreased by 9.91 percent to N2.00, and UACN Plc, down 7.85 percent to N166.80. Despite the overall market decline, CWG Plc led the gainers with a 9.94 percent increase to N17.15 per share.

Market activity reflected mixed sentiment across sectors, with the NGX Industrial Index experiencing the sharpest decline of 7.14 percent.