THUR OCT 29 2026-theGBJournal|The Nigerian equities market witnessed a reversal from the bullish optimism that started the week on Wednesday, as the NGX All-Share Index (ASI) declined by 0.44%, bringing its year-to-date (YTD) return to 62.51%, while market capitalisation also fell by 0.43% to ₦164.19 trillion.
The negative performance was driven by losses in GTCO (-1.79%), BUACEMENT (-1.21%), and ZENITHBANK (-1.41%). These more than offset gains in DANGSUGAR (+1.49%), UBA (+6.83%), and ACCESSCORP (+1.58%).
Trading activity was mixed as total trade volume expanded by 6.05% to 3798.41 million shares, while total transaction value fell by 2.51% to ₦27.50 billion.
Market breadth was also negative, with 20 gainers against 28 losers, while 77 stocks closed unchanged.
Most sectoral indices closed bearish. The Consumer Goods Index had the only gain, increasing by 0.13%. On the other hand, the Banking Index recorded the largest dip, decreasing by 2.36%.
UBA led in trading by volume with a total of 38.48 million shares exchanged, and DANGCEM for the third straight day, led in trading value with transactions worth ₦4.86 billion.
On the gainers’ chart, SOVRENINS and AUSTINLAZ recorded the strongest price appreciation, while FIRSTHOLDCO and TRIPPLEG posted the steepest declines.
The NASD OTC market closed today’s session on a positive note, as the NASD Security Index (NSI) gained 0.44% to close at 4,314.94 points. Market capitalisation also rose by 0.43% to ₦2.59tn, while the year-to-date (YTD) return improved to 21.76%, from 21.23% in the previous session.
Market activity weakened, as total volume traded fell by 96.22% to 303,878 units. Total value traded declined by 42.51% to ₦16.95mn, while the number of trades increased by 18.75% to 38.
SDIGIPLC (+9.83%) led the two (2) gainers, while SDACORN (-1.18%) led the three (3) decliners in today’s session.
Meanwhile, the official FX rate appreciated by 0.4% to NGN1,347.78/USD.
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