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Nigerian equities shed about ₦3.28 trillion on Thursday, November 5, 2026, even as trading activity increased sharply. The NGX All-Share Index fell 1.98% to 249,710.59 points, while the value of trades rose to ₦74.09 billion from ₦37.46 billion in the previous session.
The Nigerian stock market closed sharply lower on Thursday, November 5, 2026, with investors losing about ₦3.28 trillion in one session.
Market capitalisation dropped to ₦162.13 trillion from ₦165.42 trillion, while the NGX All-Share Index fell by 5,052.22 points to 249,710.59 from 254,762.81. That represented a 1.98% decline for the day.
Some of the biggest pressure came from major decliners. Dangote Cement and Presco each fell by 10%, while UACN dropped 7.85% and HBM Nigeria lost 7.71%.
The breadth of the market was also weak. There were 36 decliners against 20 advancers, showing losses were spread across more stocks than gains.
Despite the broad selloff, trading was more active than in the previous session. Investors traded 856.28 million shares worth ₦74.09 billion in 33,540 deals. In the prior session, the market had recorded ₦37.46 billion in trades.
The combination of heavier trading and falling prices suggests that the downturn happened alongside stronger market participation, rather than on thin activity alone.
Why it matters
A one-day loss of ₦3.28 trillion is a significant move for the local equities market and gives a sense of how quickly sentiment can change on the NGX. The fall in large stocks such as Dangote Cement and Presco mattered because heavily weighted shares can pull the broader market lower. Negative market breadth also showed the decline was not limited to just one or two counters.
What it means for your money
If you hold Nigerian stocks or invest through equity-focused funds, Thursday’s session reduced the market value of many portfolios. Beyond that, this was a stock-market move; it does not automatically change bank deposit returns or everyday household prices.
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Investors will be watching whether the next NGX sessions bring a rebound or extend the selloff. Market attention is also likely to stay on large-cap stocks and whether trading activity remains elevated after Thursday’s jump in turnover. Breadth, daily traded value and moves in major decliners will help show whether pressure is narrowing or spreading.
The key takeaway is that Nigerian equities recorded a steep one-day fall on November 5, 2026, wiping about ₦3.28 trillion from market value even as trading value increased strongly.
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