NGX claws back N410 billion after Monday’s N1.47 trillion wipeout

The Nigerian Exchange (NGX) returned to positive territory on Tuesday, October 20, 2026, as market capitalisation of equities expanded by N410.86 billion (or 0.26%), rising from N159.26 trillion on Monday to close at N159.67 trillion.

Concurrently, the benchmark All-Share Index (ASI) gained 632.79 points (or 0.26%), settling at 245,911.13 points compared to the previous session’s close of 245,278.34 points.

Total equity turnover reached 348.69 million shares traded across 32,588 deals.

Tuesday’s recovery follows Monday’s single-day dip of N1.47 trillion, reaching a weekly low of 245,278.34 index points.

Investor sentiment swung back into positive territory, resulting in a favorable market breadth with 28 gainers overtaking 21 losers.

The NGX Industrial Index spearheaded the recovery, advancing by 118.44 points to 10,258.95, anchored by strong demand for large-cap HBM Nigeria Plc (+6.76% to ₦379.00) alongside maximum daily percentage limit gains in Austin Laz & Company Plc (+9.97%) and Cutix Plc (+9.91%).

Similarly, the NGX Consumer Goods Index gained 11.58 points to close at 4,042.08, bolstered by price surges in heavyweights NASCON Allied Industries Plc (+7.31% to ₦183.50) and Unilever Nigeria Plc (+5.83% to ₦109.00). This broad buying interest lifted the NGX Premium Index by 168.89 points and drove a 197.25-point rally in the NGX Lotus Islamic Index.

In addition, the NGX Insurance Index slipped to 1,068.32 points, hampered by drops in Livestock Feeds Plc (-9.76%) and Guinea Insurance Plc (-7.78%). Consequently, the net market appreciation was driven by industrial and consumer goods gains overriding mild financial sector contraction.

The market recovery was anchored by gains in industrial and consumer goods sectors alongside non-interest equities. The NGX Industrial Index spearheaded the advance, rising 118.44 points from 10,140.51 to 10,258.95 points, supported by a 6.76% rally in HBM Nigeria Plc to ₦379.00.

In contrast, financial services indices experienced modest declines that limited broader upside. The NGX Banking Index dropped 3.67 points from 2,497.01 to 2,493.34 points, dragged down by price depreciation in major lenders including Sterling Financial Holdings Company Plc (-2.66% to N77.00), Access Holdings Plc (-0.54% to N27.80), Guaranty Trust Holding Company Plc (-0.41% to N122.50), and Zenith Bank Plc (-0.40% to N123.50).

Similarly, the NGX Insurance Index slipped 1.62 points from 1,069.94 to 1,068.32 points, hampered by downturns in Guinea Insurance Plc (-7.78% to ₦0.83) and AIICO Insurance Plc (-3.06% to N3.80). Elsewhere, the NGX Main-Board Index rose modestly by 5.78 points to 10,777.17 points, while the NGX Growth Index added 20.48 points to finish at 26,786.13 points, and the NGX Sovereign Bond Index remained unchanged at 661.50 points.

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