Nigeria’s stock market gains N28.65 billion, reversing much of Monday losses
N
Nairametrics
Reported by Kelechi Mgboji
Tue, 3 Nov 2026, 19:26
Photo courtesy of Nairametrics · Verified via News Stand NG
Source Attribution: Nairametrics
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International Breweries rose 6.5% to N9.05, and Zenith Bank gained 0.8% to close at N116.90. NNPC considers 5% to 10% stake sale in planned IPOPAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five propertiesNFEM turnover falls below $300 million for first time since September 28 Nairametrics reported that Monday’s weak opening to November was driven by sell-offs in Aradel (-10%), International Breweries (-8.6%), Access Corp (-7.3%) and Zenith Bank (-2.5%), leaving the market down by over N35 billion in market capitalisation.
Context & Background
✦Zenith Bank also recovered 0.78% to N116.90, while Stanbic IBTC advanced 1.17% to N163.90.
Key Figures & Named Entities
Tuesday: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.0.02%:The NGX All-Share Index (ASI) rose 0.02% (44.14 points) to 254,289.35 points from 254,245.21.63.41%:The year-to-date return of the ASI settled at 63.41%, while month-to-date returns remained flat at 0.0%.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦International Breweries rose 6.5% to N9.05, and Zenith Bank gained 0.8% to close at N116.90.
✦NNPC considers 5% to 10% stake sale in planned IPOPAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five propertiesNFEM turnover falls below $300 million for first time since September 28 Nairametrics reported that Monday’s weak opening to November was driven by sell-offs in Aradel (-10%), International Breweries (-8.6%), Access Corp (-7.3%) and Zenith Bank (-2.5%), leaving the market down by over N35 billion in market capitalisation.
✦Zenith Bank also recovered 0.78% to N116.90, while Stanbic IBTC advanced 1.17% to N163.90.
Key Facts:Tuesday: 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.0.02%: The NGX All-Share Index (ASI) rose 0.02% (44.14 points) to 254,289.35 points from 254,245.21.63.41%: The year-to-date return of the ASI settled at 63.41%, while month-to-date returns remained flat at 0.0%.Tuesday: Tuesday’s gain recovered about 81% of the 54.28-point loss recorded on Monday, November 2, when the ASI fell 0.02% from 254,299.49 points.
Editorial Excerpt
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.
Frequently Asked Questions About This Story
What is the latest development regarding NNPC Limited?
International Breweries rose 6.5% to N9.05, and Zenith Bank gained 0.8% to close at N116.90.
Who are the key organizations or public figures mentioned?
NNPC considers 5% to 10% stake sale in planned IPOPAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five propertiesNFEM turnover falls below $300 million for first time since September 28 Nairametrics reported that Monday’s weak opening to November was driven by sell-offs in Aradel (-10%), International Breweries (-8.6%), Access Corp (-7.3%) and Zenith Bank (-2.5%), leaving the market down by over N35 billion in market capitalisation.
What timeline or key figures were confirmed?
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.
