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Equity trading activity on the Nigerian Exchange Limited (NGX) closed in the red on Wednesday, September 30, 2026, with the All-Share Index (ASI) contracting by 701.53 points to close at 251,211.67 points, compared to 251,913.20 points registered on Tuesday, September 29.
Financial stocks faced downward pressure as the equities market capitalization shed N425.73 billion, declining from N163.53 trillion (N163,530,505,261,715.28) to N163.10 trillion (N163,104,771,967,056.66).
Despite the low overall performance, trading volume was high.
A total of 1.03 billion (1,035,351,484) shares were exchanged across 44,398 deals on the equities market.
Market summary
- All-Share Index (ASI): 251,211.67 points, down 0.28% from 251,913.20 points
- Market capitalisation: N163.10 trillion, down 0.28% from N163.53 trillion
- Market value lost: N425.73 billion
- Trading volume: 1.03 billion shares, up 87.73% from 548.65 million shares
- Total deals: 44,398 deals, down 5.94% from 47,203 deals
Top 5 gainers
- Haldane McCall Plc (HMCALL): Up 10.00% to N3.41 from N3.10
- Critical Minerals Financing Corp Plc (CMFC): Up 9.92% to N4.32 from N3.93
- Cornerstone Insurance Plc (CORNERST): Up 9.80% to N5.60 from N5.10
- LivingTrust Mortgage Bank Plc (LIVINGTRUST): Up 9.79% to N3.14 from N2.86
- ABC Transport Plc (ABCTRANS): Up 9.76% to N6.75 from N6.15
Top 5 losers
- Learn Africa Plc (LEARNAFRCA): Down 10.00% to N7.65 from N8.50
- Thomas Wyatt Nigeria Plc (THOMASWY): Down 9.80% to N2.67 from N2.96
- Sovereign Trust Insurance Plc (SOVRENINS): Down 6.78% to N2.20 from N2.36
- Guinea Insurance Plc (GUINEAINS): Down 6.67% to N0.70 from N0.75
- Fidelity Bank Plc (FIDELITYBK): Down 6.07% to N21.65 from N23.05
Driving the numbers
The day’s activity chart by volume was spearheaded by VFD Group Plc, which recorded 367,316,642 shares across 426 trades.
- UAC of Nigeria Plc followed with 158,184,791 shares, while Abbey Bank Plc traded 72,433,944 shares and Chams Holding Company Plc exchanged 63,892,539 shares.
- Other notable trading volumes were recorded in Guaranty Trust Holding Company Plc (GTCO) (39,548,744 shares), Oando Plc (34,746,289 shares), Zenith Bank Plc (32,310,205 shares), and Fidelity Bank Plc (31,211,833 shares).
- Trading volume was dominated by the Main Board, which recorded 945,202,471 shares traded in 27,712 deals. The Premium Board followed with 74,121,718 shares traded across 13,571 deals.
Among other boards, the Growth Board logged 8,826,396 shares in 1,497 deals, the Non-Interest Finance Board executed 4,844,447 shares across 1,034 deals, and REITs & Closed-End Funds generated 2,356,452 shares in 584 deals.
Sectoral performance
The NGX Industrial Goods Index led the gainers among key sectors, advancing from 10,372.27 points to 10,440.27 points.
- Strong positive movement was also recorded in the NGX Growth Index, which surged to 27,452.85 points from 27,266.77 points.
- Marginal gains were posted by the NGX Consumer Goods Index, edging up to 4,058.25 points from 4,056.52 points, and the NGX Oil & Gas Index, which ticked upward to 6,246.86 points from 6,244.49 points. In addition, the broader NGX Main-Board Index appreciated 10,870.19 points from 10,843.88 points.
- Conversely, major financial and institutional sectors faced downward pressure, dragging overall market benchmarks lower. The NGX Premium Index sustained the steepest drop, retreating to 31,771.57 points from 32,100.41 points.
Financial sub-sectors closed in negative territory as the NGX Banking Index fell to 2,712.10 points from 2,727.81 points, and the NGX Insurance Index dropped to 1,087.10 points from 1,098.22 points.
Broader thematic indicators also tracked downward, with the NGX Pension Index declining to 13,304.25 points from 13,385.02 points, the benchmark NGX 30 Index decreasing to 9,241.53 points from 9,270.51 points, and the NGX Lotus Islamic Index sliding to 23,434.63 points from 23,573.43 points.
Market breadth finished on a negative tilt as 28 equities sustained price drops against 25 equities that recorded price gains.
What you should know
Wednesday’s market performance follows Tuesday’s downward pressure that saw the Nigerian equity market capitalization shed N468.63 billion to close at N163.530 trillion.
This is the second consecutive time the market cap will drop in the last one week.
