The Nigerian Exchange (NGX) opened the week’s second session on a subdued note as the All-Share Index (ASI) closed flat at 147,710.96 points, reflecting a marginal pullback of 0.00% from Monday’s momentum-driven close at 147,717.22 points.
Despite profit-taking pressures, particularly in select mid-tier equities, the market retained much of its earlier gains, underscoring a cautious yet resilient investor sentiment.
Market Overview
The day’s trading activity saw 495.10 million shares valued at ₦17.34 billion exchanged in 25,645 deals, indicating moderate liquidity relative to Monday’s higher turnover of ₦13.47 billion. Market capitalization stood at ₦93.76 trillion, while bond and ETF capitalization closed at ₦51.34 trillion and ₦31.45 billion, respectively.
The session reflected a mixed investor mood as bargain hunters rotated positions from profit-laden blue chips into select penny stocks and exchange-traded products, while institutional investors maintained limited exposure ahead of key macroeconomic data releases.
Top Five Gainers
| Symbol |
Previous Close (₦) |
Current (₦) |
Change (₦) |
% Change |
| REGALINS |
1.36 |
1.48 |
0.12 |
8.82% |
| LOTUSHAL15 |
92.76 |
100.00 |
7.24 |
7.81% |
| FGSUK2033S6 |
99.99 |
106.95 |
6.96 |
6.96% |
| PRESTIGE |
1.64 |
1.75 |
0.11 |
6.71% |
| WAPIC |
3.10 |
3.30 |
0.20 |
6.45% |
Insurance stocks once again dominated the top gainers’ chart, with Regency Alliance Insurance Plc (REGALINS) advancing 8.82%, while Prestige Assurance Plc and Wapic Insurance Plc followed closely. The consistent traction across the insurance segment reflected renewed investor confidence in the sector’s undervalued fundamentals and its defensive positioning amid short-term volatility.
Similarly, LOTUSHAL15 and FGSUK2033S6 extended gains from fixed-income-linked ETF instruments, indicating sustained appetite for alternative yield-based assets.
Top Five Losers
| Symbol |
Previous Close (₦) |
Current (₦) |
Change (₦) |
% Change |
| AUSTINLAZ |
3.15 |
2.90 |
-0.25 |
-7.94% |
| DEAPCAP |
1.80 |
1.68 |
-0.12 |
-6.67% |
| FIDSON |
43.50 |
40.60 |
-2.90 |
-6.67% |
| CAVERTON |
6.93 |
6.49 |
-0.44 |
-6.35% |
| BERGER |
38.85 |
36.55 |
-2.30 |
-5.92% |
Losses in Fidson Healthcare Plc and Berger Paints Plc signaled renewed selloffs within industrial and consumer-linked counters, following short-term overbought conditions from the prior week’s rally.
Caverton Offshore Support Group Plc also retreated 6.35%, reflecting weakened investor demand in the services subsector amid rising operational costs and sector uncertainty.
Market Activity
Fidelity Bank Plc remained the most actively traded stock with 50.9 million shares valued at ₦1.02 billion, followed by Chams Holding Company Plc with 37.36 million shares worth ₦157.75 million.
Tantalizers Plc, Access Holdings Plc, and Sovereign Trust Insurance Plc rounded off the day’s top five trades by volume, reflecting continued dominance of financial and retail-interest stocks in daily market turnover.
| Symbol |
Volume |
Value (₦) |
| FIDELITYBK |
50,902,986 |
1,021,165,022.15 |
| CHAMS |
37,363,156 |
157,747,058.30 |
| TANTALIZER |
36,692,715 |
85,250,721.86 |
| ACCESSCORP |
30,155,522 |
784,597,880.75 |
| SOVRENINS |
21,728,714 |
76,671,286.44 |
Fixed Income and ETFs
In the bond segment, FGS202793 and FGS202890 surged 90% and 17.64% respectively, reflecting renewed interest in sovereign debt instruments following expectations of stable monetary policy in Q4.
ETF performance mirrored this optimism, with GREENWETF, VSPBONDETF, and STANBICETF30 each advancing sharply — up 9.09%, 14.29%, and 3.85% respectively. The strength in these asset classes underscores investor diversification into low-risk and high-yield hybrid instruments.
| Symbol |
Previous (₦) |
Current (₦) |
Change (₦) |
| NEWGOLD |
52,001.00 |
52,100.01 |
99.01 |
| GREENWETF |
330.00 |
360.00 |
30.00 |
| VSPBONDETF |
210.00 |
240.00 |
30.00 |
| STANBICETF30 |
520.00 |
540.00 |
20.00 |
| VETGRIF30 |
53.30 |
53.30 |
0.00 |
Market Outlook
The NGX market maintained relative stability despite sectoral rotations and mild profit-taking, with institutional flows balancing retail activity.
Analysts at Investors King expect further consolidation around the 147,000–148,000 points range, as investors reassess dividend reinvestment opportunities and third-quarter earnings guidance.
However, upward traction in sovereign ETFs and fixed-income-linked instruments could cap short-term equity gains, given the appeal of safer yields in a tightening liquidity environment.
