Nigerian stocks open November lower as banking, oil and gas stocks drag market
AI Executive Briefing
Verified Synthesis~92s readSelloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market performance, dragging the All-Share Index down. Market Capitalisation: N165.08 trillion; down -0.02%, from N165.11 trillion Market Capitalisation YTD Gain: 66.11% Year-to-Date Return: 63.38% Deals: 54,015 transactions; up +42.63%, from 37,870 transactions.
Context & Background
- ✦Among the key sectoral movements: Oil and gas stocks recorded the largest sectoral decline, losing 3.75%.
Key Figures & Named Entities
Monday:The Nigerian equities market opened November trading on a bearish note on Monday, November 2, 2026, as losses in banking, oil and gas, and consumer goods stocks outweighed gains in industrial and insurance counters.10%:Selloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market performance, dragging the All-Share Index down.0.0%:Consequently, the Month-to-Date and Year-to-Date returns settled at 0.0% and +63.4%, respectively.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Selloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market performance, dragging the All-Share Index down.
- Market Capitalisation: N165.08 trillion; down -0.02%, from N165.11 trillion Market Capitalisation YTD Gain: 66.11% Year-to-Date Return: 63.38% Deals: 54,015 transactions; up +42.63%, from 37,870 transactions.
- Among the key sectoral movements: Oil and gas stocks recorded the largest sectoral decline, losing 3.75%.
Key Facts:Monday: The Nigerian equities market opened November trading on a bearish note on Monday, November 2, 2026, as losses in banking, oil and gas, and consumer goods stocks outweighed gains in industrial and insurance counters.10%: Selloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market performance, dragging the All-Share Index down.0.0%: Consequently, the Month-to-Date and Year-to-Date returns settled at 0.0% and +63.4%, respectively.0.02%: The NGX All-Share Index (ASI) declined by 0.02% to 254,245.21 points, down from 254,299.49 points in the previous session, while investors lost approximately N35.25 billion, reducing market capitalisation to N165.08 trillion with year-to-date in market capitalisation at 66.11%.
Editorial Excerpt
The Nigerian equities market opened November trading on a bearish note on Monday, November 2, 2026, as losses in banking, oil and gas, and consumer goods stocks outweighed gains in industrial and insurance counters.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
Selloffs in Aradel (-10%), International Breweries (-8.6%), Zenith Bank (-2.5%) and Access Corp (-7.3%) weighed on market performance, dragging the All-Share Index down.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Zenith Bank, Nigeria Police Force.
What timeline or key figures were confirmed?
The Nigerian equities market opened November trading on a bearish note on Monday, November 2, 2026, as losses in banking, oil and gas, and consumer goods stocks outweighed gains in industrial and insurance counters.
