The Nigerian Exchange rebounded 1.44% on Monday as investors gained approximately N2.32 trillion and renewed buying in Dangote Cement helped lift the broader equities market following last week’s selloff.
The NGX All-Share Index rose by 3,579.52 points from 248,877.22 on Friday to 252,456.74 on November 9, 2026.
Equities market capitalisation increased from N161.594 trillion at the end of last week to N163.918 trillion, representing an increase of approximately N2.32 trillion.
The recovery followed a difficult previous week when the benchmark index declined 2.13% and 57 equities closed lower as investors took profit across several major stocks.
Dangote Cement was among the strongest performers on Monday, jumping 9.61% from N1,341 to N1,469.90.
The cement company’s rebound came after its share price plunged 10% from N1,490 to N1,341 on November 5, reversing part of the strong rally recorded in the preceding week.
Monday’s N128.90 per share increase recovered most of that decline, leaving Dangote Cement just N20.10, or approximately 1.35%, below the N1,490 level recorded before the selloff.
AXA Mansard Insurance led the gainers with a 9.75% increase from N11.80 to N12.95, while Sovereign Trust Insurance rebounded 9.74% from N1.95 to N2.14.
Oando gained 8.46% to N35.90, while Fidelity Bank advanced 6.85% from N23.35 to N24.95.
Trading activity also improved from Friday’s levels.
Investors exchanged 453.31 million shares valued at N30.55 billion in 42,891 deals on Monday, compared with 377.62 million shares worth N26.84 billion in 32,653 deals in the previous session.
This represented a 20% increase in trading volume, a 13.8% rise in value and a 31.4% jump in the number of deals.
The faster increase in deals compared with turnover value suggests Monday’s rebound involved a broader increase in trading activity rather than a repeat of the unusually large transactions that recently inflated market turnover.
Chams recorded the highest trading volume with 72.61 million shares worth N222.64 million.
First HoldCo followed with 42.14 million shares valued at N4.56 billion, while Access Holdings recorded 39.01 million shares worth N1.06 billion.
Japaul Gold traded 33.11 million shares valued at N80.59 million, while Honeywell Flour Mills recorded 25.11 million shares worth N728.59 million.
On the losing side, Thomas Wyatt declined 9.62% from N2.60 to N2.35, while University Press fell 8.70% from N4.60 to N4.20.
FTG Insurance lost 7.38%, The Initiates declined 6.88%, while Zichis fell 5.59% to N16.05.
The sharp rebound in the benchmark index and market capitalisation showed renewed demand for equities at the start of the week, with the strong recovery in Dangote Cement and gains across selected financial and energy stocks helping the market recoup a substantial portion of last week’s losses.
