{
  "id": 18014030,
  "title": "Nigeria’s stock market gains N28.65 billion, reversing much of Monday losses",
  "url": "https://urgent.news/2026/11/03/nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T19:26:09.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/03/nigerias-stock-market-gains-n28-65-billion-reversing-much-of-monday-losses/"
  },
  "original_language": "en",
  "account": "Nigeria's stock market experienced a slight rebound on Tuesday, November 3, 2026, recovering a significant portion of Monday's losses. The Nigerian Exchange Group's All-Share Index (ASI) rose 0.02% to 254,289.35 points, adding N28.65 billion to the market value. Market capitalisation increased to N165.11 trillion from N165.08 trillion. The year-to-date return of the ASI stood at 63.41%, while month-to-date returns remained flat at 0.0%.\n\nThe positive movement largely stemmed from the recovery of certain heavyweight stocks, including International Breweries, Zenith Bank, Stanbic IBTC, and Access Corporation. International Breweries led the gains with a 6.47% increase, reaching N9.05. Zenith Bank also showed a positive trend, gaining 0.8% to close at N116.90. Stanbic IBTC and Access Corporation also participated in the rally, advancing by 1.17% and 1.89%, respectively, to N163.90 and N27.00.\n\nHowever, the recovery was not uniform across the market. Market breadth remained negative, with 32 stocks falling and 20 advancing. Notably, FTG Insurance and Vitafoam recorded the steepest declines, falling by 10.00% and 9.99%, respectively. UPDC REIT and Abbey Mortgage Bank also experienced significant losses, shedding 9.95% and 7.58%, respectively. The Commodity Index led gains, while the Insurance sector recorded the largest sectoral decline, falling 1.15%.\n\nTrading activity weakened considerably, with transaction value dropping by 52.38% to N22.61 billion, and the deal count declining by 27.65% to 39,078 transactions. Despite the marginal recovery, the market's near-term prospects may be constrained by continued selling pressure in declining counters and weak market breadth.",
  "summary": "The Nigerian equities market closed Tuesday, November 3, 2026, on a positive note, adding N28.65 billion in market value as renewed buying in select heavyweight stocks recovered most of Monday's losses. The post Nigeria’s stock market gains N28.65 billion, reversing much of Monday losses appeared first on Nairametrics .",
  "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."
}