Best performing Nigerian stocks for the week ended October 9, 2026

Nigerian equities closed lower for the second straight week, with the benchmark NGX All-Share Index (ASI) declining 0.97% to close at 248,363.55 points from 250,808.27 points.

Losses in Aradel, Eterna, Fidelity Bank, First HoldCo and GTCO outweighed gains in Oando and Zenith Bank.

Market capitalisation fell by approximately N1.58 trillion to N161.26 trillion, moderating the market’s year-to-date return to 59.60% from 61.17% the previous week.

Livestock Feeds emerged as the week’s standout performer, surging 47.75% from N8.90 to N13.15. Critical Minerals Financing Corp recorded the steepest decline, falling 20.27% to N3.58 from N4.49.

Market breadth was weak, with 24 equities appreciating in price, lower than the 44 recorded the previous week. Fifty-four equities depreciated, higher than the 37 recorded previously, while 68 equities remained unchanged, higher than 65 the week before.

The Consumer Goods Industry followed with 152.345 million shares worth N11.425 billion in 20,926 deals. The ICT Industry ranked third with 117.296 million shares worth N15.256 billion in 22,556 deals.

The top three equities by volume, Access Holdings, Zenith Bank and UBA, accounted for 1.020 billion shares worth N50.520 billion in 29,382 deals. That represents 37.56% of total volume and 31.92% of total value.

Sector performance was broadly negative, with 19 of the 20 NGX indices declining. The NGX Industrial Goods Index recorded the only gain, up 0.02% to 10,442.50 points from 10,440.24 points, supported by Tripple Gee and CAP.

Among other indices, the NGX Commodity Index fell 2.86% to 1,892.68 points, the NGX Pension Index declined 2.12%, and the NGX Corporate Governance Index lost 1.89%.

The week’s market performance was a reversal of the previous one. ABC Transport, last week’s top performer with a 45.10% surge, fell 18.24%.

Industrial goods offered the only sector gain, which suggests selective buying rather than a broad recovery.

Guinea Insurance listed an additional 6,307,089,654 ordinary shares on Wednesday, October 7, 2026, arising from its private placement of 6,327,779,310 shares at N1.45 per share. Total issued shares rose from 11,149,638,021 to 17,456,727,675.

The NGX lifted the suspension on Multi-Trex Integrated Foods on Wednesday, October 7, 2026, after the company filed its outstanding financial statements.

Sterling Financial Holdings completed its share reconstruction. On Thursday, October 8, 2026, the NGX delisted 68,502,331,708 existing shares and listed 6,850,233,171 reconstructed shares at N77.00 per share. The suspension on its securities has been lifted.

The pullback follows a 0.52% decline in the previous week, and market breadth has weakened as sellers outnumbered buyers by more than two to one.

Analysts expect the market to stay cautious in the coming week, as persistent selling pressure and negative breadth may weigh on sentiment. Bargain-hunting in fundamentally strong stocks could provide some support, and performance is likely to remain stock-specific.

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