NGX market cap falls to N164.19tn as All-Share Index drops 1,107.28 points

The Nigerian Exchange Limited closed bearish on Wednesday, with market capitalisation falling from N164.91tn on Tuesday to N164.19tn. The All-Share Index slipped by 1,107.28 points to close at 252,882.78 points, down from Tuesday’s peak of 253,990.06 points.

Over the trading cycle that commenced on 22 October 2026, the local bourse recorded a high of 253,990.06 points and a weekly low of 244,956.94 points. The Central Bank of Nigeria kept its benchmark Monetary Policy Rate at 23.00 per cent.

Gainers and losers

Equity trading showed mixed sentiment. Sovereign Trust Insurance Plc led the gainers after rising 10.00 per cent to close at N1.98. UPDCREIT followed with a 9.61 per cent gain to finish at N21.10. Austinlaz, United Bank for Africa Plc and Critical Minerals Financing Corp were among the other notable advancers.

On the losers’ chart, First Holdco Plc posted the steepest decline, shedding 10.00 per cent to close at N139.50. Tripple Gee and Company, ETranzact International, Royal Exchange and Fortis Global Insurance dropped between 4.76 per cent and 5.51 per cent.

ETPs and fixed income

In the Exchange Traded Products segment, Greenwich Alpha ETF and Stanbic IBTC ETF 30 both gained 3.59 per cent. Vetiva S&P Nigeria Sovereign Bond ETF and Vetiva Consumer Goods ETF shed 5.79 per cent and 5.43 per cent, respectively.

The fixed income market saw upward movement in specific Federal Government savings bonds. FGS202774 rose 17.65 per cent and FGS202776 gained 11.11 per cent. No price declines were recorded in debt instruments for the session.

What it means

The drop in market capitalisation and the All-Share Index points to weaker sentiment on the NGX, even as the monetary policy rate stayed at 23.00 per cent. For investors, the session was defined by sharp moves in a few stocks and savings bonds rather than broad gains.