The Nigerian Exchange Limited (NGX) experienced a decline in its market capitalisation and benchmark index on Tuesday, October 6, 2026. The market capitalisation opened at N162.751 trillion and closed at N162.495 trillion, representing a decline of N256 billion during the session. This decrease reflects the negative trend in the market, with investors displaying selling pressure across various equities.
The NGX All-Share Index (ASI) also experienced a decline, opening at 250,667.86 points and closing at 250,273.50 points, shedding 394.36 points or 0.16 percent. The market breadth weakened, with 34 equities declining against 26 gainers, compared to Monday's 29 decliners and 24 gainers. This indicates a broader-based weakness across several counters, with losses in key equities outweighing the strong advances recorded by selected stocks.
CMFC recorded the steepest decline, plunging 9.88 percent from N4.05 to N3.65. The stock was followed by ABC Transport Plc, which fell 9.70 percent from N6.70 to N6.05. On the gainers' side, Tripple Gee and Company Plc recorded the strongest performance, advancing 9.77 percent from N2.56 to N2.81. Livestock Feeds Plc followed with a 9.74 percent gain, climbing from N9.75 to N10.70.
Other top gainers included NPFMCRFBK, which surged by 9.52 percent, advancing from N4.20 to N4.60. SOVRENINS gained 8.23 percent, rising from N2.31 to N2.50. WAPIC climbed 7.69 percent, moving from N2.21 to N2.38. These gains, however, were insufficient to offset the losses across several counters, leading to the overall decline in the market.
The top decliners list included CWG, which shed 7.23 percent, dropping from N20.75 to N19.25. ZICHIS fell 6.58 percent, moving from N18.25 to N17.05. NEIMETH slipped 6.57 percent, declining from N8.10 to N7.60. Other prominent stocks, such as Dangote Cement, Seplat Energy, and Nestle Nigeria Plc, closed flat during the session.
The market's continued decline on Tuesday reflected persistent weakness in investor sentiment, with the number of decliners widening to 34. Although selected equities recorded strong gains, the advances were not enough to offset the losses, leaving both the ASI and market capitalisation lower at the close. This trend indicates that investors remain cautious, with selling pressure dominating the market.
The NGX market report for Tuesday, October 6, 2026, highlights the ongoing challenges in the Nigerian stock market. With a decline in market capitalisation and ASI, investors are advised to exercise caution and carefully evaluate their investment decisions. The market's performance is expected to be influenced by various factors, including economic trends, corporate earnings, and investor sentiment.
Key points
- NGX market capitalisation declined by N256 billion to close at N162.495 trillion.
- The NGX All-Share Index (ASI) fell 0.16 percent to 250,273.50 points.
- Market breadth weakened, with 34 equities declining against 26 gainers.
