Bearish sentiments dominated buying and selling on the Nigerian Exchange Limited (NGX) on Monday, October 19, 2026, as market capitalisation plummeted by N1.47 trillion (0.91%) to shut at N159.26 trillion, down from N160.73 trillion recorded on the shut of buying and selling on Friday.
The benchmark All-Share Index (ASI) surrendered 2,261.39 factors, falling 0.91% from 247,539.73 factors to 245,278.34 factors.
This marked the bottom index level recorded over the five-day buying and selling interval, down from a weekly peak of 247,707.13 factors set on October 15.
In complete, fairness market exercise noticed traders alternate 349,343,580 shares throughout 43,115 offers.
Market abstract
- All-Share Index (ASI): 245,278.34 factors, down 0.91% from 247,539.73 factors
- Market cap: N159.26 trillion, down 0.91% from N160.73 trillion
- Market worth misplaced: N1.47 trillion
- Trading quantity: 349,343,580 shares, up 35.58% from 257.67 million shares
- Total offers: 43,115 offers, up 34.85% from 31,972 offers
Top 5 gainers
- Multi-Trex Integrated Foods Plc: Up 10.00% to N0.66 from N0.60
- Critical Minerals Financing Corp Plc (CMFC): Up 9.97% to N3.64 from N3.31
- Austin Laz & Company Plc: Up 9.93% to N3.21 from N2.92
- Thomas Wyatt Nigeria Plc: Up 9.92% to N2.66 from N2.42
- Neimeth International Pharmaceuticals Plc: Up 5.88% to N8.10 from N7.65
Top 5 losers
- Vitafoam Nigeria Plc: Down 10.00% to N174.60 from N194.00
- Cutix Plc: Down 9.79% to N2.12 from N2.35
- Omatek Ventures Plc: Down 9.38% to N1.45 from N1.60
- International Energy Insurance Plc: Down 6.48% to N2.02 from N2.16
- Linkage Assurance Plc: Down 6.29% to N1.64 from N1.75
Driving the numbers
Dangote Cement Plc, which carries a market capitalisation exceeding N17 trillion, skilled a 5.50% value drop, shedding N58.70 per share to shut at N1,008.00, immediately forcing the NGX Industrial Index down from 10,442.95 to 10,140.51 factors.
- Simultaneously, broad-based profit-taking throughout the banking sector pulled the NGX Banking Index down from 2,532.47 to 2,497.01 factors, led by notable value declines in main establishments such as Ecobank Transnational Incorporated (-4.76%), Wema Bank Plc (-3.55%), United Bank for Africa Plc (-2.33%), Access Holdings Plc (-1.93%), Zenith Bank Plc (-1.59%), and Guaranty Trust Holding Company Plc (-1.44%).
- Compounding the downturn was a widespread retreat throughout main benchmark indices and secondary equities, with the NGX Premium Index falling from 30,927.80 to 30,371.64 factors and the NGX 30 Index declining from 9,101.27 to 9,019.16 factors.
Maximum proportion losses in mid-cap and client names additional weighed on market sentiment, highlighted by Vitafoam Nigeria Plc sliding 10.00% to guide all losers, alongside notable declines in Cutix Plc (-9.79%), Omatek Ventures Plc (-9.38%), International Energy Insurance Plc (-6.48%), Linkage Assurance Plc (-6.29%), and E-Tranzact International Plc (-6.07%).
Sectoral efficiency
Sectoral efficiency throughout the Nigerian Exchange was characterised by broad-based pullbacks, led primarily by the commercial, banking, and insurance coverage sectors.
The NGX Industrial Index recorded the steepest drop amongst key sectors, falling from 10,442.95 to 10,140.51 factors, closely impacted by a 5.50% value loss in Dangote Cement Plc.
- The NGX Banking Index retreated from 2,532.47 to 2,497.01 factors, weighed down by sell-offs in Ecobank Transnational Incorporated (-4.76%), Wema Bank Plc (-3.55%), United Bank for Africa Plc (-2.33%), Access Holdings Plc (-1.93%), Zenith Bank Plc (-1.59%), and Guaranty Trust Holding Company Plc (-1.44%).
- Concurrently, the NGX Insurance Index slipped from 1,079.57 to 1,069.94 factors, dragged down by value contractions in International Energy Insurance Plc (-6.48%), Linkage Assurance Plc (-6.29%), Guinea Insurance Plc (-6.25%), Regency Alliance Insurance Plc (-5.00%), and Lasaco Assurance Plc (-3.31%).
- Reflecting this institutional profit-taking, main cap-weighted benchmarks additionally closed decrease, with the NGX Premium Index dropping from 30,927.80 to 30,371.64 factors and the NGX 30 Index sliding from 9,101.27 to 9,019.16 factors.
In distinction, the buyer items and oil/gasoline sectors displayed stability, registering comparatively minor changes regardless of wider market headwinds.
- The NGX Consumer Goods Index dipped barely from 4,036.97 to 4,030.50 factors, as a ten.00% value drop in Vitafoam Nigeria Plc was largely cushioned by positive factors in Multi-Trex Integrated Foods Plc (+10.00%), International Breweries Plc (+1.50%), Honeywell Flour Mill Plc (+0.57%), and Unilever Nigeria Plc (+0.49%).
- The NGX Oil/Gas Index eased marginally from 6,194.00 to six,190.11 factors, influenced by delicate declines in Eterna Plc (-2.87%), Japaul Gold & Ventures Plc (-1.96%), and Oando Plc (-1.72%), whereas main vitality listings Seplat Energy Plc and Aradel Holdings Plc closed flat.
Across different sub-markets, the NGX Growth Index softened from 26,888.42 to 26,765.65 factors, whereas mounted revenue and commodity benchmarks remained completely steady, with the NGX Sovereign Bond Index holding at 661.50 factors and the NGX Commodity Index closing unchanged at 1,937.41 factors.
