MON NOV 10 2026-theGBJournal| Nigerian equities started the week on a bullish note on Monday, with the benchmark All-Share Index (ASI) rising 1.4% to close at 252,456.88 points, supported by strong gains in industrial, insurance and banking stocks.
Market capitalisation also increased by 1.44%, although market breadth remained negative as decliners outnumbered advancers.
The rally was driven by gains in MANSARD (+9.75%), SOVRENINS (+9.74%) and DANGCEM (+9.61%). FIDELITYBK advanced 6.90%, while TRANSPOWER gained 5.70%. These gains offset losses in THOMASWY (-9.62%), UPL (-8.70%) and FTGINSURE (-7.38%).
Consequently, the market’s month-to-date return settled at -0.7%, while its year-to-date return stood at +62.2%.
Sectoral performance was broadly positive, led by the Industrial Goods index, which advanced 5.68%. The Insurance index gained 1.28%, followed by Banking (+0.25%) and Oil & Gas (+0.22%). The Consumer Goods index was the sole decliner, easing 0.03%.
Trading activity strengthened during the session. Total volume traded increased by 20.03% to 453.31 million shares, while transaction value rose 13.71% to N30.55 billion. The number of deals also climbed 31.30% to 42,891.
ACCESSCORP led trading volume with 39.01 million shares exchanged, while SEPLAT topped the value chart with transactions worth N5.20 billion, despite closing unchanged.
However, market breadth remained negative at 0.69, reflecting 25 advancers against 36 decliners. MANSARD led the gainers’ chart with a 9.75% appreciation, while THOMASWY was the worst performer, shedding 9.62%.
NASD OTC MARKET
The NASD OTC market started the week on a bearish note, with the NASD Security Index (NSI) declining 0.23% to 4,240.00 points. Market capitalisation also fell 0.24% to N2.55 trillion, moderating the year-to-date return to 19.65% from 19.92%.
Trading activity weakened, with total volume traded standing at 1.68 million units, transaction value at N18.57 million and the number of deals at 27.
SDFOODCPT led the gainers, advancing 10.00%, followed by SDIGIPLC (+9.33%), SDGEFLUID (+0.25%) and SDUBNPROP (+0.19%). On the downside, SDCSC led the decliners, falling 2.48%, while SDAFRILAND shed 2.41% and SDFSTTRUSTM declined 0.91%.
FOREIGN EXCHANGE
In the foreign exchange market, the naira weakened by 0.2% against the US dollar to N1,349.70/$.
Meanwhile, the Central Bank of Nigeria’s official reference rates for Monday, November 9, put the pound sterling at N1,809.88 and the euro at N1,509.89.
The corresponding CBN buying and selling rates were:
British pound: N1,809.20 (buy) / N1,810.55 (sell).
Euro: N1,509.33 (buy) / N1,510.45 (sell).
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