Trading actions on the ground of the Nigerian Exchange Limited (NGX) closed on a bearish observe on Friday, October 16, 2026, as Market Capitalisation of listed equities misplaced N108.70 billion (or 0.07%), declining from N160.83 trillion recorded on Thursday, October 15, to close at N160.73 trillion.
Concurrently, the benchmark All-Share Index (ASI) fell by 167.40 factors (or 0.07%) from 247,707.13 factors to close at 247,539.73 factors.
Across the buying and selling week, the index touched a excessive level of 247,736.24 factors on Monday, October 12, earlier than reaching its weekly lowest of 247,513.63 factors on Tuesday.
Total fairness buying and selling exercise closed with traders exchanging 257,669,053 shares valued throughout 31,972 offers.
Market abstract
- All-Share Index (ASI): 247,539.73 factors, down 0.07% from 247,707.13 factors
- Market cap: N160.73 trillion, down 0.07% from N160.83 trillion
- Market worth misplaced: N108.70 billion
- Trading quantity: 257.67 million shares, down 10.12% from 286.68 million shares
- Total offers: 31,972 offers, up 5.92% from 30,186 offers
Top 5 gainers
- Thomas Wyatt Nigeria Plc (THOMASWY): Up 10.00% to N2.42 from N2.20
- eTranzact International Plc (ETRANZACT): Up 9.84% to N17.30 from N15.75
- Austin Laz & Company Plc (AUSTINLAZ): Up 9.77% to N2.92 from N2.66
- Omatek Ventures Plc (OMATEK): Up 9.59% to N1.60 from N1.46
- Legend Internet Plc (LEGENDINT): Up 9.23% to N3.55 from N3.25
Top 5 losers
- UPDC Real Estate Investment Trust (UPDCREIT): Down 10.00% to N21.15 from N23.50
- Trans-Nationwide Express Plc (TRANSEXPR): Down 9.09% to N2.70 from N2.97
- Critical Minerals Financing Corp Plc (CMFC): Down 8.06% to N3.31 from N3.60
- Royal Exchange Plc (ROYALEX): Down 6.48% to N1.01 from N1.08
- NPF Microfinance Bank Plc (NPFMCRFBK): Down 5.43% to N4.35 from N4.60
Driving the numbers
Heavyweights together with Guaranty Trust Holding Company (-2.27%), Stanbic IBTC Holdings (-2.14%), Zenith Bank (-1.33%), Sterling Financial Holdings (-0.58%), and United Bank for Africa (-0.35%) skilled notable worth reductions, pulling the NGX Banking Index down from 2,556.46 to 2,532.47 factors.
- NGX 30 Index slipped to 9,101.27 factors and the NGX Corporate Governance Index fell to 7,239.74 factors.
- Compounding this downward momentum was focused promoting in choose non-banking counters, led by most loss contractions in actual property devices like UPDC Real Estate Investment Trust (-10.00%), alongside sharp declines in Trans-Nationwide Express (-9.09%), Critical Minerals Financing Corp (-8.06%), and Royal Exchange (-6.48%).
- However, underlying market sentiment remained fragmented fairly than universally pessimistic, ensuing in 26 gainers in opposition to 23 decliners.
Strong shopping for curiosity in expertise, printing, and choose Tier-2 monetary counters, such as Thomas Wyatt Nigeria (+10.00%), eTranzact International (+9.84%), and Fidelity Bank (+4.73%), helped cushion the drop and prevented a broader market rout.
Sectoral efficiency
Sectoral efficiency throughout the Nigerian Exchange on October 16, 2026, mirrored a pronounced break up between declining monetary monitoring benchmarks and resilient non-financial sectors.
- The NGX Banking Index suffered the sharpest contraction amongst main sector trackers, dropping from 2,556.46 factors on Thursday to 2,532.47 factors on Friday as profit-taking in tier-1 lenders dragged the sector decrease.
- The NGX Insurance Index additionally edged downward barely from 1,080.09 factors to 1,079.57 factors, whereas broader market indicators such as the NGX Pension Index dropped from 12,914.69 factors to 12,895.45 factors and the NGX Growth Index slipped from 26,970.58 factors to 26,888.42 factors.
- In distinction, a number of key non-financial and moral benchmarks managed to put up modest beneficial properties or stay secure regardless of the broader market pullbacks.
- The NGX Consumer Goods Index superior from 4,033.67 factors to 4,036.97 factors, supported by marginal beneficial properties in counters such as Dangote Sugar Refinery and International Breweries.
Similarly, the NGX Lotus Islamic Index rose from 23,164.84 factors to 23,183.59 factors, whereas the NGX Industrial Index edged up barely from 10,442.87 factors to 10,442.95 factors.
Meanwhile, the NGX Oil/Gas Index closed just about flat at 6,194.00 factors in comparison with 6,194.16 factors in the prior session.
