The Nigerian Exchange Limited (NGX) reversed its temporary upward traction on Wednesday, returning to unfavourable territory as N515.95 billion was wiped out of equities market capitalisation.
The predominant benchmark All-Share Index (ASI) shed 794.64 factors or 0.32%, closing at 245,116.49 factors in comparison with 245,911.13 factors recorded on Tuesday.
Total market capitalisation dropped from N159.67 trillion to N159.15 trillion.
Despite the general decline in fairness values, buying and selling exercise remained energetic throughout the ground as traders traded a complete quantity of 354.03 million shares throughout 32,514 offers in the equities market.
Market abstract
- All-Share Index (ASI): 245,116.49 factors, down 0.32% from 245,911.13 factors
- Market cap: N159.15 trillion, down 0.32% from N159.67 trillion
- Market value misplaced: N515.95 billion
- Trading quantity: 354.03 million shares, up 1.53% from 348.69 million shares
- Total offers: 32,514 offers, down 0.23% from 32,588 offers
Top 5 gainers
- Livingtrust Mortgage Bank Plc: Up 9.90% to N3.22 from N2.93
- ABC Transport Plc: Up 9.77% to N7.30 from N6.65
- Meyer Plc: Up 9.72% to N17.50 from N15.95
- Livestock Feeds Plc: Up 9.65% to N18.75 from N17.10
- Caverton Offshore Support Group Plc: Up 6.67% to N4.80 from N4.50
Top 5 losers
- Computer Warehouse Group (CWG) Plc: Down 9.98% to N18.05 from N20.05
- UPDC Real Estate Investment Trust (UPDCREIT): Down 9.93% to N19.05 from N21.15
- Austin Laz & Company Plc: Down 9.92% to N3.18 from N3.53
- Neimeth International Pharmaceuticals Plc: Down 9.52% to N7.60 from N8.40
- CUSTODIAN: Down 7.57% to N64.70 from N70.00
Driving the numbers
The NGX Banking Index dropped by 1.49% to shut at 2,456.31 factors, dragged down by value contractions in main heavyweights together with Access Holdings (-6.12%), First Holdco (-4.59%), Zenith Bank (-1.21%), Ecobank Transnational (-1.47%), and United Bank for Africa (-0.24%).
Similarly, the NGX Insurance Index fell 1.41% to 1,053.31 factors following important declines in counters such as Consolidated Hallmark Holdings (-7.14%), Regency Alliance Insurance (-6.41%), and Sovereign Trust Insurance (-5.58%).
Negative market breadth additional sustained the downturn, with 37 declining equities overwhelming 18 gainers and driving widespread losses throughout know-how, actual property, and healthcare listings.
Sharp double-digit and near-limit drops in shares like Computer Warehouse Group (-9.98%), UPDC Real Estate Investment Trust (-9.93%), Austin Laz & Company (-9.92%), and Neimeth International Pharmaceuticals (-9.52%) considerably eroded equities capitalization.
Modest will increase in counters like Livingtrust Mortgage Bank (+9.90%) and a 0.12% uptick in the NGX Oil/Gas Index have been inadequate to counteract losses throughout the NGX Consumer Goods Index (-0.43%) and the NGX Main-Board Index (-0.07%).
Sectoral efficiency
Sectoral efficiency on October 21, 2026, was predominantly bearish, pushed by downward changes throughout main sector and board benchmarks.
- The monetary sector skilled the sharpest pressure, as the NGX Banking Index declined by 1.49% from 2,493.34 factors to 2,456.31 factors, whereas the NGX Insurance Index fell 1.41% from 1,068.32 factors to 1,053.31 factors.
- Underperformance prolonged throughout key governance and thematic indices, with the NGX CG Index dropping 1.05% to 7,104.12 factors and the NGX Premium Index receding 0.69% to 30,330.55 factors.
- Additionally, the NGX Consumer Goods Index decreased by 0.43% to shut at 4,024.83 factors, the NGX Pension Broad Index slid 0.30% to 4,925.56 factors, and the NGX Main-Board Index trimmed 0.07% to complete at 10,769.39 factors.
- In distinction, the vitality sector offered a notable buffer towards deeper market losses. The NGX Oil/Gas Index superior 0.12% to shut at 6,197.74 factors (up from 6,190.61 factors), supported by value appreciation in Oando Plc (+4.50%) and Japaul Gold & Ventures (+0.80%).
Meanwhile, the NGX Industrial Index closed nearly flat at 10,258.94 factors in comparison with 10,258.95 factors on Tuesday, as sturdy gains in Meyer Plc (+9.72%) offset sharp losses in Austin Laz & Company (-9.92%). Other specialised indicators noticed minimal adjustments, together with the NGX Lotus Islamic Index, which eased barely from 23,167.70 factors to 23,166.06 factors.
