NGX rebounds, investors recover N103.9 billion as oil, banking stocks rise

The Nigerian equities market returned to positive territory on Wednesday, October 14, 2026, as investor wealth expanded by N103.90 billion in a single trading session, lifting the total market capitalization of listed equities to N160.81 trillion.

The benchmark All-Share Index (ASI) appreciated by 160.02 points (0.065%), closing at 247,673.65 points, up from Tuesday’s closing value of 247,513.63 points.

Overall equity market capitalization climbed from N160.708,289,187,640.13 recorded on Tuesday to settle at N160,812,190,862,654.81 at the close of trading on Wednesday.

Activity on the floor of the exchange saw a total volume of 314.90 million shares traded across 30,922 deals.

The upward movement in the All-Share Index from 247,513.63 to 247,673.65 points and the N103.90 billion gain in equity market capitalization on October 14, 2026, were driven by broad-based appreciation across key sector indices, led by Oil & Gas, Banking, and Insurance.

At the individual stock level, Austin Laz & Company Plc hit the maximum allowable daily gain ceiling of 10.00% to lead the top gainers table at N2.42 per share, followed closely by eTranzact International Plc (+9.76% to N15.75), Livestock Feeds Plc (+9.71% to N16.95), Critical Minerals Financing Corp Plc (+9.60%), NSL Tech (+9.09%), and Multi-Trex Integrated Foods Plc (+8.70%).

Underlying market liquidity remained robust, with 314,899,895 shares traded across 30,922 deals, dominated by turnover in Premium Board financial equities like Access Holdings Plc (99.37 million shares) and Zenith Bank Plc (17.77 million shares).

Sectoral performance across the Nigerian Exchange was predominantly positive, led by strong advances in major economic segments.

In contrast, a few sector indicators faced profit-taking or traded flat during the trading session.

The NGX Consumer Goods Index stood out as the main laggard among sector trackers, declining from 4,040.96 to 4,031.55 points, weighed down by slight price reductions in equities such as Nigerian Breweries Plc (-1.32%) and Dangote Sugar Refinery Plc (-0.87%).

Marginal drops were also recorded in the NGX Corporate Governance (CG) Index, which slipped from 7,275.45 to 7,275.18 points, and the NGX AFR Dividend Yield Index, which eased from 38,050.32 to 38,048.63 points.

Meanwhile, the NGX Industrial Index remained virtually flat, moving slightly from 10,442.71 to 10,442.79 points, while the NGX Sovereign Bond Index closed unchanged at 661.50 points.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

NGX sheds N144.54 billion as bearish pressure persists

Fortis Global’s 805% rally in 9 months shrinks to 126% after adjustment

Dangote Refinery’s Ebitda hits $5.5 billion as 9-month profit surges to $4.73 billion