Investors Lose N293.43bn as 29 Stocks Decline on NGX

Investors lost N293.43 billion on the Nigerian Exchange on Wednesday, November 11, 2026, as 29 stocks declined and the NGX All-Share Index fell 0.18%. The market closed lower for the second consecutive session.

The ASI dropped from 252,313.16 points to 251,861.24 points. Market capitalisation fell from N163.82 trillion to N163.53 trillion. Year-to-date return stayed positive at 61.85%, while market capitalisation gained 64.56% over the same period.

Selloff hits Okomu, Nascon, FUGAZ

Five of six sector indices closed lower. Oil and Gas was the only gainer. Banking stocks recorded widespread losses, with all five FUGAZ banks in the red. Consumer goods came under pressure, with Nascon Allied Industries among the biggest losers.

Okomu Oil fell from N1,276.20 to N1,148.60, shedding N127.60 or 10.00%. Enamelware dropped from N36.65 to N33.00, losing N3.65 or 9.96%. Nascon Allied Industries declined from N183.50 to N167.00, shedding N16.50 or 8.99%. FTN Cocoa fell from N7.42 to N6.80, losing N0.62 or 8.36%. VFD Group dropped from N12.00 to N11.20, shedding N0.80 or 6.67%.

First HoldCo fell from N107.00 to N103.00, losing N4.00 or 3.74%. UBA declined from N42.00 to N41.00, shedding N1.00 or 2.38%. Access Holdings dropped from N27.55 to N27.10, losing N0.45 or 1.63%. Zenith Bank slipped from N116.50 to N115.90, shedding N0.60 or 0.52%. GTCO declined from N119.90 to N119.50, losing N0.40 or 0.33%. Fidelity Bank also closed lower, falling 0.40% to N24.70 from N24.80.

UPL, Caverton, Abbey lead gainers

UPL advanced from N4.55 to N5.00, gaining N0.45 or 9.89%. Caverton Offshore Support rose from N3.35 to N3.65, adding N0.30 or 8.96%. Abbey Mortgage Bank increased from N6.35 to N6.90, gaining N0.55 or 8.66%. Champion Breweries climbed from N9.35 to N10.15, adding N0.80 or 8.56%. Ecobank Transnational Incorporated advanced from N70.00 to N74.85, gaining N4.85 or 6.93%.

Trading activity weakens

A total of 418.35 million shares valued at N22.83 billion were exchanged in 30,908 deals. Honeywell Flour Mills led trading with 75.96 million shares valued at N2.59 billion. GTCO exchanged 38.23 million shares worth N4.57 billion. Sovereign Trust Insurance traded 28.55 million shares valued at N70.39 million. Champion Breweries recorded 24.50 million shares worth N249.05 million. Access Holdings traded 23.08 million shares valued at N629.72 million.

Trading activity weakened compared with Tuesday. Volume declined by 23.28%, value traded fell by 24.88%, and the number of deals dropped by 2.01%.

The loss adds pressure on a market that remains positive year to date. For naira asset holders, the selloff in banks and consumer stocks shows investors are taking profit and reducing exposure after strong gains.