{"id":13621,"date":"2026-11-09T18:46:00","date_gmt":"2026-11-09T18:46:00","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/09\/breaking-dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/"},"modified":"2026-11-09T18:46:00","modified_gmt":"2026-11-09T18:46:00","slug":"breaking-dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/09\/breaking-dangote-cement-transcorp-power-oando-drive-n2-32-trillion-stock-market-rebound\/","title":{"rendered":"BREAKING: Dangote Cement, Transcorp Power, Oando drive N2.32 trillion stock market rebound"},"content":{"rendered":"<p>The Nigerian equities market bounced back strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to close higher at N163.92 trillion, up from N161.59 trillion and driven by robust gains in industrial stocks led by Dangote Cement and Transcorp Power Plc.<\/p>\n<p>The NGX All-Share Index (ASI) also rose 1.44% to 252,456.74 points, lifting its year-to-date return to 62.23% while market capitalisation improved by 64.95% year-to-date (YTD).<\/p>\n<p>However, the rally was narrow.<\/p>\n<p>Dangote Cement gained N128.90 to close at N1,469.90, and its gain alone accounts for most of the day\u2019s N2.32 trillion. Transcorp Power rose 5.65% and Oando 8.46%. Market breadth was negative, with 28 decliners against 20 advancers, a ratio of 0.7x.<\/p>\n<h4><strong>Highlight of market performance:<\/strong><\/h4>\n<ul>\n<li>ASI: 252,456.74 points; up 1.44%, from 248,877.22 points.<\/li>\n<li>ASI YTD gain: 62.23%.<\/li>\n<li>Market capitalisation: N163.92 trillion; up 1.44%, from N161.59 trillion.<\/li>\n<li>Market capitalisation gain: N2.32 trillion.<\/li>\n<li>Market capitalisation YTD gain: 64.95%.<\/li>\n<li>Deals: 42,891 transactions; up 31.30%, from 32,666.<\/li>\n<li>Volume traded: 453.31 million shares; up 20.03%, from 377.66 million.<\/li>\n<li>Value traded: N30.55 billion; up 13.71%, from N26.87 billion.<\/li>\n<\/ul>\n<h4><strong>Sector performance:<\/strong><\/h4>\n<ul>\n<li>NGX Industrial: 12,331.52 points; up 5.68%, from 11,668.33.<\/li>\n<li>NGX Insurance: 1,039.87 points; up 1.28%, from 1,026.74.<\/li>\n<li>NGX Commodity: 1,859.15 points; up 0.42%, from 1,851.36.<\/li>\n<li>NGX Banking: 2,375.68 points; up 0.25%, from 2,369.84.<\/li>\n<li>NGX Oil\/Gas: 5,872.20 points; up 0.22%, from 5,859.28.<\/li>\n<li>NGX Consumer Goods: 3,956.13 points; down 0.03%, from 3,957.25.<\/li>\n<\/ul>\n<h4><strong>Top 5 Gainers:<\/strong><\/h4>\n<ul>\n<li>Mansard Insurance: up 9.75%, from N11.80 to N12.95.<\/li>\n<li>Sovereign Trust Insurance: up 9.74%, from N1.95 to N2.14.<\/li>\n<li>Dangote Cement: up 9.61%, from N1,341.00 to N1,469.90.<\/li>\n<li>Oando: up 8.46%, from N33.10 to N35.90.<\/li>\n<li>Fidelity Bank: up 6.85%, from N23.35 to N24.95.<\/li>\n<\/ul>\n<h4><strong>Top 5 Losers:<\/strong><\/h4>\n<ul>\n<li>Thomas Wyatt: down 9.62%, from N2.60 to N2.35.<\/li>\n<li>UPL: down 8.70%, from N4.60 to N4.20.<\/li>\n<li>FTG Insurance: down 7.38%, from N1.49 to N1.38.<\/li>\n<li>TIP: down 6.88%, from N26.90 to N25.05.<\/li>\n<li>Zichis: down 5.59%, from N17.00 to N16.05.<\/li>\n<\/ul>\n<h4><strong>Blue-chip stocks driving the gains:<\/strong><\/h4>\n<ul>\n<li>Dangote Cement: up 9.61%, gaining N128.90 to N1,469.90. Its surge explains the 5.68% jump in the Industrial index.<\/li>\n<li>Transcorp Power: up 5.65%, gaining N12.40 to N232.00.<\/li>\n<li>Fidelity Bank: up 6.85%, gaining N1.60 to N24.95.<\/li>\n<li>Access Holdings: up 2.23%, gaining N0.60 to N27.50.<\/li>\n<li>Zenith Bank: up 0.09%, gaining N0.10 to N117.50.<\/li>\n<\/ul>\n<h4><strong>What the data is saying<\/strong><\/h4>\n<p>Dangote Cement\u2019s N128.90 gain is worth about N2.18 trillion in market value, roughly 94% of the day\u2019s N2.32 trillion gain. Without it, the market would have been close to flat, which fits the negative breadth and the 0.03% decline in Consumer Goods.<\/p>\n<ul>\n<li>Today\u2019s gain is a partial recovery. Nairametrics reported that the ASI closed at 254,762.81 points on November 4, with market capitalisation at N165.42 trillion.<\/li>\n<li>The market therefore lost about N3.83 trillion between that close and Friday\u2019s N161.59 trillion, and today\u2019s gain recovers about 61% of it.<\/li>\n<li>The ASI remains about 0.9% below its November 4 level.<\/li>\n<\/ul>\n<p>Trading activity improved, with deals up 31.30%, volume up 20.03% and value up 13.71%.<\/p>\n<h4><strong>More insights:<\/strong><\/h4>\n<p>Oando\u2019s rally came after a streak of losses that saw the price tumble despite modest improvement in its earnings in the nine months to September 2026.<\/p>\n<h4><strong>What you should know:<\/strong><\/h4>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/10\/31\/best-performing-nigerian-stocks-in-october-dangote-cement-lead-n2-01-trillion-rally\/\">Nairametrics reported that Dangote Cement gained 33.12% in October<\/a> to close at N1,420 from N1,066.70, and the market added N2.01 trillion in October to reach N165.11 trillion. Today\u2019s N1,469.90 close is above that level.<\/p>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/11\/04\/nigerian-stocks-gain-n307-billion-as-transcorp-power-banks-drive-market-rally\/\">Nairametrics also reported that Transcorp Power<\/a> recorded the strongest price gain on November 4, alongside gains in GTCO, Zenith Bank and UBA.<\/p>\n<p>Dangote Cement\u2019s shares rose 69.79% from N609.00 at the start of the year to N1,034.00 by July 31, taking its market capitalisation to about N17.45 trillion. At N1,469.90, the stock is up about 141% on the N609.00 starting price.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market bounced back strongly on Monday, November 9, 2026, gaining N2.32 trillion in market capitalization or 1.44% to close higher at N163.92 trillion, up from N161.59 trillion&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-13621","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/13621","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=13621"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/13621\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=13621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=13621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=13621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}