Nigerian Stock Market Opens November with N35bn Loss
On November 2, 2026, the Nigerian stock market opened trading for November with a decline in market capitalisation, which fell by N35 billion, or 0.02%, to N165.08 trillion from N165.11 trillion in the previous session. The benchmark All-Share Index (ASI) decreased by 54.28 points, closing at 254,245.21 points, down from 254,299.49 points.
This decline was attributed to sell-offs in major stocks, including Aradel Holdings (NGX: ARADEL), Vitafoam, Access Holdings (NGX: ACCESSCORP), Nestle Nigeria (NGX: NESTLE), and Transcorp. Despite the downturn on this day, the market remained up 63.38% year-to-date.
The industrial goods sector showed the strongest performance with a 122.09% gain, while the oil and gas sector was up 119.36% year-to-date, and the banking index gained 57.41%. Total trading volume reached 517.26 million shares exchanged in 54,015 deals, valued at N47.48 billion.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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