The Nigerian Exchange (NGX) recorded a negative outing on Tuesday as the All-Share Index (ASI) declined by 0.40% to close at 140,929.60 points, while market capitalization dropped to ₦89.20 trillion, erasing roughly ₦326.2 billion in investor wealth.
Market Snapshot
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ASI: 140,929.60 (–0.40%)
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Deals: 23,657
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Volume: 759.08m
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Value: ₦25.73bn
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Equity Cap: ₦89.20tn
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Bond Cap: ₦51.15tn
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ETF Cap: ₦29.25bn
Gainers’ Chart
Despite the bearish session, select stocks advanced strongly. Thomas Wyatt Plc topped the chart with a 9.80% rise to ₦2.80, followed by Chellaram (+9.59%) and R.T. Briscoe (+9.50%). Institutional interest also drove Custodian Investment Plc higher by 9.40% to ₦48.30, while NGX Group gained 6.99% to ₦58.95.
Losers’ Chart
The drag on the benchmark index came mainly from heavyweights. Dangote Sugar Refinery Plc slumped 10.00% to ₦54.00, reflecting sell pressure in consumer goods. Wema Bank Plc lost 8.27%, while NSLTECH (–6.25%), FGSUK2027S3 (–6.25%), and Access Holdings (–4.98%) further deepened market weakness.
Most Traded Stocks
Turnover was dominated by mid- and large-cap names:
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Consolidated Hallmark Plc led with 169.63m shares valued at ₦644.66m.
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Zenith Bank Plc followed closely with 104.43m units worth ₦6.91bn, highlighting banking sector activity.
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First HoldCo Plc exchanged 100.99m units valued at ₦3.15bn, while GTCO and Fidelity Bank Plc contributed significantly with ₦4.12bn and ₦1.08bn respectively.
Fixed Income & ETFs
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Bonds: Trading was muted with no price changes across listed sovereign and corporate bonds.
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ETFs: Activity was stronger, led by Stanbic IBTC ETF 30, which gained 6.5% to ₦426.00, while VSPBONDETF rose modestly by 0.96% to ₦211.00. Other ETFs were flat.
Market Outlook
The second consecutive decline reflects profit-taking in consumer goods and banking stocks, alongside weak investor sentiment following Monday’s negative close. However, resilience in insurance and industrial-linked stocks points to selective buying.
Unless bargain-hunting emerges midweek, the short-term bias remains bearish, with further pressure expected on large-cap consumer and banking counters.
