Equities investors on the Nigerian Exchange Limited (NGX) lost approximately N3.52 trillion in the value of their combined portfolios last week as renewed sell-offs dragged the domestic stock market lower, reversing part of the gains recorded in previous trading sessions.
The bearish performance, which reflected weakening sentiment amid renewed sell-offs in global equity markets, saw the NGX All-Share Index (ASI) decline by 2.13 per cent week-on-week to close at 248,877.22 points, down from 254,299.49 points recorded at the end of the previous week.
Similarly, market capitalisation shed 2.13 per cent to close at N161.594 trillion, compared with approximately N165.11 trillion at the end of the preceding week, representing a loss of about N3.52 trillion in investors’ portfolio value.
The decline marked a reversal in the market’s recent performance, with losses spreading across major sectoral indices as investors reassessed their positions amid heightened selling pressure.
Data from the NGX weekly market report for the week ended November 6, 2026, showed that 57 equities depreciated in price, against 29 gainers, while 60 stocks closed unchanged. This represented a deterioration in market breadth compared with the preceding week, when 48 equities declined, 33 appreciated and 65 remained unchanged.
Trading activity also weakened considerably during the week, with investors exchanging 2.829 billion shares valued at N208.407 billion in 192,158 deals, compared with 7.619 billion shares worth N637.826 billion in 192,138 deals recorded in the previous week.
The figures represented a 62.9 per cent decline in trading volume and a 67.3 per cent contraction in transaction value, suggesting a significant reduction in the volume and value of equities transactions during the review period.
The Financial Services Industry remained the dominant segment of the market, accounting for 1.983 billion shares valued at N126.627 billion in 84,899 deals. This represented 70.11 per cent of total trading volume and 60.76 per cent of transaction value.
The Consumer Goods Industry followed with 245.568 million shares worth N15.852 billion, while the Agriculture Industry recorded 160.610 million shares valued at N3.283 billion.
Among individual stocks, Honeywell Flour Mill Plc emerged as the best-performing equity, appreciating by 30.82 per cent to close at N29.50 from N22.55. Transcorp Power Plc followed with a 23.37 per cent gain, while E-Tranzact International Plc advanced by 14.42 per cent.
Other notable gainers included AXA Mansard Insurance Plc, which rose by 9.77 per cent, and The Initiates Plc, which appreciated by 9.57 per cent.
On the losing side, Vitafoam Nigeria Plc led the decliners, shedding 18.96 per cent to close at N141.50 from N174.60. Sovereign Trust Insurance Plc fell by 17.02 per cent, while Eterna Plc declined by 15.79 per cent.
Other significant losers included ABC Transport Plc, down 13.64 per cent, and International Energy Insurance Plc, which shed 12.82 per cent.
A review of sectoral performance showed that the NGX Industrial Goods Index recorded the steepest decline, falling by 4.35 per cent, followed by the NGX Oil and Gas Index, which dropped by 3.72 per cent.
The NGX Premium Index declined by 3.88 per cent, while the NGX Banking Index shed 2.45 per cent. The NGX Pension Index and NGX Consumer Goods Index also fell by 2.72 per cent and 1.41 per cent, respectively.
The NGX Growth Index was the only equity index to record an increase, appreciating by 1.33 per cent, while the NGX Sovereign Bond Index closed flat.
Despite the weekly setback, the All-Share Index retained a year-to-date gain of 59.93 per cent, while the NGX Industrial Goods and Premium indices remained among the strongest performers on a year-to-date basis, with gains of 105.56 per cent and 107.36 per cent, respectively.