{
  "id": 19585879,
  "title": "Stock Market Drops by N293bn to Sustain Downward Trend",
  "url": "https://urgent.news/2026/11/12/stock-market-drops-by-n293bn-to-sustain-downward-trend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T01:11:46.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/12/stock-market-drops-by-n293bn-to-sustain-downward-trend/"
  },
  "original_language": "en",
  "account": "The Nigerian stock market continued its downward trend on Tuesday, with a sharp decline in market capitalization of N293 billion. The benchmark NGX-ASI index slipped by 0.18 percent, closing at 251,861.24 basis points. This led to a downward adjustment in market cap to N163.53 trillion. Investors' sentiment remained gloomy, with more stocks falling than rising – 29 declined compared to 22 that advanced. Caverton Offshore Support Group experienced a notable gain of 8.96 percent to close at N3.65, while Abbey Bank also rose by 8.66 percent to reach N6.90 per share. Champion and Ecobank Transnational Incorporated (ETI) also showed strong performance, climbing 8.56 percent to N10.15 and 6.93 percent to N74.85 per share, respectively. Conversely, Okomu Oil, Nigerian Enamelware, and NASCON Allied Industries were among the biggest losers, suffering declines of 10.00 percent, 9.96 percent, and 8.99 percent, to close at N1,148.60, N33.00, and N167.00 per share, respectively. The overall trading volume fell by 24.3 percent to 413.05 million units, valued at N22.62 billion, with transactions taking place in 30,732 deals. Honeywell Flour Mills' shares led the trading activity with 75.961 million shares valued at N2.592 billion, followed by Guaranty Trust Holding Company (GTCO) with 38.226 million shares worth N4.572 billion.",
  "summary": "Kayode Tokede The Nigerian stock market yesterday extended its decline trend as sell-offs across key sectors dragged the market capitlisstion lower by N293billion. As a result, the benchmark Nigerian Exchange",
  "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."
}