Nigerian Exchange Limited Loses N1.47 Trillion on October 19

On October 19, 2026, the Nigerian Exchange Limited (NGX) faced bearish sentiments, resulting in a market capitalisation decrease of N1.47 trillion (0.91%), closing at N159.26 trillion, down from N160.73 trillion. The benchmark All-Share Index (ASI) fell by 2,261.39 points, a 0.91% drop, closing at 245,278.34 points, marking the lowest index point in five days.

Dangote Cement Plc, with a market capitalisation exceeding N17 trillion, saw a 5.50% price drop, losing N58.70 per share to close at N1,008.00, which significantly affected the NGX Industrial Index, dropping it from 10,442.95 to 10,140.51 points. Other notable declines included Vitafoam Nigeria Plc, which slid 10.00%, and Cutix Plc (-9.79%).

The industrial, banking, and insurance sectors experienced broad-based pullbacks, while the consumer goods and oil/gas sectors remained relatively stable. The NGX Growth Index also softened, while fixed income and commodity benchmarks remained unchanged.