NGX plunges N3.28 trillion as Dangote Cement, Presco, UACN, HBM Nigeria, Tier 1 banks fall
AI Executive Briefing
Verified Synthesis~110s readDangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses. Stanbic IBTC fell 0.85% to N162.50, GTCO dipped 0.81% to N122.00 and UBA slipped 0.24% to N42.00.
Context & Background
- ✦The market’s year-to-date return moderated to 60.47% from 63.72%, while the month-to-date return turned negative, at about -1.8%.
Key Figures & Named Entities
Thursday:The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower.10%:Dangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses.1.98%:Consequently, the NGX All-Share Index (ASI) fell by 1.98% to 249,710.59 points from 254,762.81 points in the previous session, a loss of 5,052.22 points.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Dangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses.
- Stanbic IBTC fell 0.85% to N162.50, GTCO dipped 0.81% to N122.00 and UBA slipped 0.24% to N42.00.
- The market’s year-to-date return moderated to 60.47% from 63.72%, while the month-to-date return turned negative, at about -1.8%.
Key Facts:Thursday: The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower.10%: Dangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses.1.98%: Consequently, the NGX All-Share Index (ASI) fell by 1.98% to 249,710.59 points from 254,762.81 points in the previous session, a loss of 5,052.22 points.60.47%: The market’s year-to-date return moderated to 60.47% from 63.72%, while the month-to-date return turned negative, at about -1.8%.
Editorial Excerpt
The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower.
Frequently Asked Questions About This Story
What is the latest development regarding United Bank for Africa?
Dangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include United Bank for Africa, Guaranty Trust Bank, Dangote Group.
What timeline or key figures were confirmed?
The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower.
