The Nigerian Exchange (NGX) closed marginally lower on Tuesday as investors lost approximately N93 billion despite a sharp increase in the volume of shares traded.
The NGX All-Share Index declined by 0.06% to 252,313.16 on November 10, 2026 from 252,456.74 recorded in the previous session.
Similarly, equity market capitalisation fell to N163.825 trillion from N163.918 trillion on Monday, representing a decline of approximately N93.24 billion.
The marginal decline followed Monday’s 1.44% rebound, suggesting that investors turned cautious after the strong start to the week.
However, trading activity strengthened significantly by volume with investors exchanging 545.30 million shares, up 20.3% from 453.31 million shares recorded in the previous session.
The value of transactions was relatively unchanged at N30.39 billion compared with N30.55 billion on Monday.
Interestingly, the number of deals dropped 26.5% to 31,543 from 42,891, meaning substantially more shares changed hands through fewer transactions during the session.
Neimeth International Pharmaceuticals emerged as the most actively traded stock by volume with 79.86 million shares valued at N481.61 million.
First HoldCo followed with 57.76 million shares worth N6.31 billion, while MeCure Industries recorded 46.52 million shares valued at N3.78 billion.
UBA traded 38.33 million shares worth N1.61 billion, while Access Holdings completed the five most actively traded stocks with 23.54 million shares valued at N752.67 million.
Champion Breweries led the gainers after appreciating by 10% from N8.50 to N9.35 per share.
Honeywell Flour Mills extended its recent rally with a 9.90% increase to N32.20, while CMFC gained 8.75% to close at N3.23.
Sovereign Trust Insurance advanced 8.41% to N2.32, while University Press rebounded 8.33% to N4.55 after declining sharply in the previous session.
On the other side of the market, NAHCO led the decliners with a 9.99% drop from N151.20 to N136.10.
Red Star Express declined 9.85% to N12.35, LivingTrust Mortgage Bank fell 9.79% to N2.58, Abbey Mortgage Bank shed 5.22% to N6.35, while Caverton Offshore Support Group declined 4.29% to N3.35.
Tuesday’s session showed that while the broader market struggled to extend Monday’s rebound, trading interest remained strong as investors increased the number of shares exchanged even as the number of individual transactions declined.