NGX Market Wrap: November 4, 2026
NGX ASI advanced 0.18% to 254,751.41 on November 4, 2026, with market cap at ₦165.41 trillion. Transcorp Power led gainers.
Market Wrap
The Nigerian equities market closed firmer on Wednesday, 4 November 2026. The All-Share Index (ASI) added 462.06 points, or 0.18%, to settle at 254,751.41. Equities market capitalisation rose by approximately ₦300 billion to ₦165.41 trillion. Year-to-date performance remains robust near 63.5%.
Trading activity moderated relative to the prior session. Volume came in at 389.30 million shares, value traded at ₦23.69 billion, and deals totalled 31,168. Market breadth was modestly positive, with 27 advancers against 26 decliners and 3 unchanged. Gains in selected utilities and industrial names supported the index, offsetting pressure in oil & gas and insurance. Large-cap banking and consumer names were mixed, contributing to a contained advance rather than a broad-based rally.
Secondary platforms showed minor variations in the final ASI print (some near 254,574–254,575), reflecting typical post-close data timing differences. Primary NGX figures take precedence where available; the above aligns with the most detailed near-close summary as of approximately 16:10 WAT.
Top Gainers & Losers
| Ticker | Company | Sector | Close (₦) | % Change | Driver |
|---|---|---|---|---|---|
| TRANSPOWER | Transcorp Power Plc | Utilities | 203.00 | +9.97% | No disclosed catalyst |
| CAVERTON | Caverton Offshore Support Group | Services | 3.35 | +9.84% | No disclosed catalyst |
| ETRANZACT | e-Tranzact International Plc | ICT | 17.00 | +9.68% | No disclosed catalyst |
| ETERNA | Eterna Plc | Oil & Gas | 38.50 | −9.94% | No disclosed catalyst |
| SOVRENINS | Sovereign Trust Insurance Plc | Insurance | 1.91 | −9.91% | No disclosed catalyst |
| LEARNAFRCA | Learn Africa Plc | Services | 8.25 | −9.84% | No disclosed catalyst |
Ties near the ±10% band were broken by value traded where applicable. Remaining near-limit names appear in secondary lists but did not displace the above on the official ranking criteria.
Corporate Disclosures
- McNichols Consolidated Plc: The board appointed Ucheoma Victoria Nnamerenwa as substantive Finance Manager effective 1 November 2026. She holds a B.Sc. in Accounting and is an ACA. The move ends the six-month acting tenure of Janet Ifare Peter. Investors will watch continuity in financial reporting and controls during the transition; no material operational disruption was indicated.
No other disclosures dated 4 November 2026 were identified on NGX channels.
What to Watch
Closed periods and upcoming board meetings (including DAAR Communications on 5 November for Q3 review) remain in focus from recent notices. Qualification dates and AGM calendars from earlier filings continue to influence positioning. Results season remains active; further Q3 releases will clarify sector earnings momentum.
This content is for informational purposes only and is not investment advice.