{
  "id": 17880359,
  "title": "Stock Market Commences November on Profit-taking Note",
  "url": "https://urgent.news/2026/11/03/stock-market-commences-november-on-profit-taking-note",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T00:01:28.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/03/stock-market-commences-november-on-profit-taking-note/"
  },
  "original_language": "en",
  "account": "The Nigerian stock market kicked off November 2026 with a modest decline, influenced by buying activity in key stocks which pulled the main market gauge down by 0.02 percent. The NGX All-Share Index fell by 0.02 percent to a closing level of 254,245.21 points, maintaining a solid year-to-date gain of 63.38 percent. The market value shrank by N35 billion to N165.08 trillion. This decline was primarily triggered by a drop in large and medium-sized capitalised firms, including Aradel Holdings, Nestle Nigeria, Vitafoam Nigeria, Zenith Bank and Guaranty Trust Holding Company (GTCO). The overall market mood stayed gloomy, with 41 stocks falling versus 21 rising. Among the top gainers were Hallmark Insurance, which increased by 10 percent to close at N7.15 per share, and Livestock Feeds that rose by 9.77 percent to reach N14.60 per share. AXA Mansard Insurance also saw a 9.30 percent increase to close at N11.75 per share. UPDC and NPF Microfinance Bank also posted gains of 7.46 percent and 7.14 percent, respectively, closing at N3.60 and N4.50 per share. On the downside, Champion Breweries and Uni Assurance recorded losses of 10 percent each, settling at N8.10 and N2.70 per share, while Aradel Holdings and Vitafoam experienced declines of 9.99 percent and 9.97 percent, closing at N1,296.00 and N157.20 per share, respectively. Trading activity in the market slowed down, with a 48.2 percent drop in shares traded, totaling 517.26 million units worth N47.48 billion, and 54,015 transactions. Honeywell Flour Mill led the trading volume with 74.185 million shares exchanged, generating N1.793 billion in value, followed by Access Holdings with 41.602 million shares worth N1.171 billion, and GTCO with 41.065 million shares valued at N4.798 billion. Fidelity Bank and Consolidated Hallmark Holdings also saw significant trading, with 29.173 million shares and 28.503 million shares exchanged, respectively, resulting in N672.985 million and N202.322 million in transaction value. Looking ahead, Cowry Assets Management Limited suggested that sustained selling pressure and poor market breadth could hinder a quick recovery, although selective bargain-hunting might help mitigate additional losses.",
  "summary": "Kayode Tokede The Nigerian stock market commenced the month of November 2026 on a negative note, subdued by buying interest in heavyweight stocks that led the major market indicator down",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}