{"id":10325,"date":"2026-11-05T19:00:53","date_gmt":"2026-11-05T19:00:53","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/05\/ngx-plunges-n3-28-trillion-as-dangote-cement-presco-uacn-hbm-nigeria-tier-1-banks-fall\/"},"modified":"2026-11-05T19:00:53","modified_gmt":"2026-11-05T19:00:53","slug":"ngx-plunges-n3-28-trillion-as-dangote-cement-presco-uacn-hbm-nigeria-tier-1-banks-fall","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/05\/ngx-plunges-n3-28-trillion-as-dangote-cement-presco-uacn-hbm-nigeria-tier-1-banks-fall\/","title":{"rendered":"NGX plunges N3.28 trillion as Dangote Cement, Presco, UACN, HBM Nigeria, Tier 1 banks fall"},"content":{"rendered":"<p>The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the benchmark index sharply lower.<\/p>\n<p>Dangote Cement and Presco each fell by a maximum of 10%, while UACN (-7.85%) and HBM Nigeria (-7.71%) also posted steep losses. Losses in First HoldCo, Nigerian Exchange Group, Nigerian Breweries, Stanbic IBTC, GTCO and UBA added to the pressure.<\/p>\n<p>Consequently, the NGX All-Share Index (ASI) fell by 1.98% to 249,710.59 points from 254,762.81 points in the previous session, a loss of 5,052.22 points. Market capitalisation declined to N162.13 trillion from N165.42 trillion.<\/p>\n<p>The market\u2019s year-to-date return moderated to 60.47% from 63.72%, while the month-to-date return turned negative, at about -1.8%. Market sentiment weakened, with 36 decliners outnumbering 20 advancers.<\/p>\n<p>Trading activity surged despite the decline, as volume, value and deal count all increased. Investors traded 856.28 million shares valued at N74.09 billion in 33,540 transactions.<\/p>\n<h4><strong>Highlights of market performance:<\/strong><\/h4>\n<ul>\n<li>ASI: 249,710.59 points; down 1.98% from 254,762.81 points.<\/li>\n<li>ASI YTD gain: 60.47%.<\/li>\n<li>Market Capitalisation: N162.13 trillion; down 1.98% from N165.42 trillion.<\/li>\n<li>Market Capitalisation YTD Gain: 63.15%.<\/li>\n<li>Deals: 33,540 transactions; up 2.03% from 32,874 transactions.<\/li>\n<li>Volume Traded: 856.28 million shares; up 55.04% from 552.31 million shares.<\/li>\n<li>Value Traded: N74.09 billion; up 97.81% from N37.46 billion.<\/li>\n<li>Market Breadth: Negative, with 20 gainers against 36 losers.<\/li>\n<\/ul>\n<h4><strong>Top 5 Gainers:<\/strong><\/h4>\n<ul>\n<li>CWG: Up 9.94%, from N15.60 to N17.15.<\/li>\n<li>Abbey Mortgage Bank: Up 9.84%, from N6.10 to N6.70.<\/li>\n<li>Honeywell Flour: Up 9.82%, from N24.45 to N26.85.<\/li>\n<li>eTranzact: Up 9.71%, from N17.00 to N18.65.<\/li>\n<li>Caverton Offshore Support: Up 8.96%, from N3.35 to N3.65.<\/li>\n<\/ul>\n<h4><strong>Top 5 Losers:<\/strong><\/h4>\n<ul>\n<li>Dangote Cement: Down 10.00%, from N1,490.00 to N1,341.00.<\/li>\n<li>Presco: Down 10.00%, from N1,840.80 to N1,656.80.<\/li>\n<li>WAPIC: Down 9.91%, from N2.22 to N2.00.<\/li>\n<li>Austin Laz &amp; Company: Down 8.57%, from N2.45 to N2.24.<\/li>\n<li>Lasaco Assurance: Down 8.57%, from N1.75 to N1.60.<\/li>\n<\/ul>\n<h4><strong>More insights:<\/strong><\/h4>\n<p>The market\u2019s decline was driven by selling in heavyweight stocks rather than by the biggest percentage losers alone.<\/p>\n<p>Dangote Cement\u2019s N149 drop was the main drag accounting for roughly N2.5 trillion of the day\u2019s market value loss, about three-quarters of the total.<\/p>\n<p>The stock had been volatile in recent weeks.<\/p>\n<p>On October 19, a 5.50% fall to N1,008.00 cut N1.47 trillion from the market in one session.<\/p>\n<p>Wednesday\u2019s N1,490.00 close was about 48% above that level, and Thursday\u2019s close of N1,341.00 is still about 33% higher.<\/p>\n<p>Other notable decliners among the heavyweights included:<\/p>\n<ul>\n<li>Presco fell N184.00 to N1,656.80, the largest absolute price loss on the day.<\/li>\n<li>UACN lost N14.20 to N166.80.<\/li>\n<li>HBM Nigeria shed N27.00 to N323.00.<\/li>\n<li>First HoldCo declined 2.40% to N110.00.<\/li>\n<li>Nigerian Exchange Group fell 2.24% to N161.20.<\/li>\n<li>Nigerian Breweries lost 2.50% to N70.20.<\/li>\n<\/ul>\n<p>Stanbic IBTC fell 0.85% to N162.50, GTCO dipped 0.81% to N122.00 and UBA slipped 0.24% to N42.00.<\/p>\n<h4><strong>Sectoral performance:<\/strong><\/h4>\n<p>All six sector indices closed lower, with industrial stocks recording the steepest decline.<\/p>\n<ul>\n<li>Industrial stocks fell 7.14% to 11,707.38 points.<\/li>\n<li>Insurance stocks declined 2.51% to 993.55 points.<\/li>\n<li>Banking stocks shed 0.66% to 2,388.23 points.<\/li>\n<li>Commodity stocks dipped 0.41% to 1,851.36 points.<\/li>\n<li>Consumer goods stocks lost 0.14% to 3,961.01 points.<\/li>\n<li>Oil and gas stocks fell 0.04% to 5,852.29 points.<\/li>\n<\/ul>\n<h4><strong>Volume and value:<\/strong><\/h4>\n<p>Trading activity rose sharply, even as prices fell.<\/p>\n<ul>\n<li>The total volume traded rose 55.04% to 856.28 million shares.<\/li>\n<li>Transaction value increased 97.81% to N74.09 billion, nearly double the previous session\u2019s turnover.<\/li>\n<li>Deal count rose 2.03% to 33,540 transactions.<\/li>\n<\/ul>\n<p>The higher turnover in a falling market suggests that investors were actively selling into the decline rather than the market simply drifting lower.<\/p>\n<h4><strong>What you should know:<\/strong><\/h4>\n<p>Thursday\u2019s decline more than wiped out the gains of the previous sessions, when the market had added N307.4 billion on buying in Transcorp Power and banking stocks.<\/p>\n<p>The market has lost over ten times that amount in one day.<\/p>\n<p>The ASI remains up 60.47% year-to-date, but the sell-off was concentrated in a handful of heavily weighted stocks.<\/p>\n<p>Continued selling in large-cap counters could sustain near-term volatility. However, bargain-hunting in the oversold heavyweights may provide some support.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market lost about N3.28 trillion on Thursday, November 5, 2026, as heavy selling in Dangote Cement, Presco, UACN, HBM Nigeria and several Tier 1 banks dragged the&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10325","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=10325"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10325\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=10325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=10325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=10325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}