The Nigerian stock market commenced November on a bearish note, with the NGX All-Share Index experiencing a slight decline of 0.02%, closing at 254,245.21 points. This drop was accompanied by a decrease in market capitalisation, which fell to N165.08 trillion from N165.11 trillion in the previous trading session.

On November 2, 2026, investors engaged in sell-offs that led to the decline of 42 stocks, contrasting with 21 gainers. Among the notable gainers were Consolidated Hallmark Holdings Plc, which surged by 10% to N7.15, and Livestock Feeds Plc, which rose by 9.77% to N14.60. Mansard Insurance Plc also saw an increase of 9.30%, closing at N11.75.

Conversely, the market faced significant losses in the oil and gas sector, with Champion Breweries Plc and Sunu Assurances Nigeria Plc leading the decline, each dropping by 10% to N8.10 and N2.70, respectively. Other major decliners included Aradel Holdings Plc, which fell by 9.99%, and Vitafoam Nigeria Plc, down by 9.97%.

The trading volume for the day was recorded at 517.26 million shares, a sharp decline of 48.15% from 997.57 million shares traded previously. The total value of shares exchanged was N47.48 billion, reflecting a 44.67% decrease compared to N85.81 billion in the last session. Despite these figures, the number of transactions increased by 42.63%, with a total of 54,015 deals.

Year-to-date, the NGX All-Share Index remains positive, up by 63.38%. The industrial goods sector has shown remarkable performance, boasting a 122.09% increase, while the oil and gas sector is up 119.36%. The banking index also recorded a solid gain of 57.41%.

As the market navigates these fluctuations, investors are keenly observing trends and potential recovery signals in the coming sessions. The mixed performance highlights the volatility that often characterizes the Nigerian stock market, reflecting both local and global economic influences.