NGX Market Wrap 2026-05-11 | Plus234Feed
The Nigerian Exchange closed at 250,481.42 points on Monday, supported by a balanced day of gains and losses across market segments. Trading activity remained steady with 1.49 billion shares worth ₦68.45 billion changing hands across 94,834 deals.
The NGX delivered a mixed performance on Monday, 11 May 2026, as investors navigated sector-specific opportunities while selective profit-taking pressured certain counters. The All-Share Index settled at 250,481.42 points, with market capitalisation standing at ₦160.25 trillion.
Equity breadth showed balanced participation. Five stocks gained the maximum 10% ceiling (LIVESTOCK, INTENEGINS, RTBRISCOE, FTNCOCOA (NGX: FTNCOCOA), and UHOMREIT) with UHOMREIT recording the strongest absolute movement, gaining ₦7.00 to ₦77.00. These synchronized ceiling gains suggest coordinated buying interest in value-driven and real estate-linked securities, though the lack of broad-based momentum indicates selective rather than systemic buying.
Downside pressure, however, remained contained. PRESTIGE led declines with a 10% loss, while UPL retreated 9.09 points to ₦4.00 and TANTALIZER shed 7.69%. These losses remain isolated, preventing any significant index erosion.
Liquidity flowed predominantly through large-cap banking and financial stocks. VERITASKAP dominated volume with 194.55 million shares traded, followed by ACCESSCORP (172.08 million) and FIRSTHOLDCO (NGX: FIRSTHOLDCO) (131.97 million). This concentration in familiar names suggests conservative positioning by retail investors amid mixed market signals.
The ₦68.45 billion in daily transaction value reflects steady engagement without extraordinary capital influx. Traders should monitor whether tomorrow's session sustains the gainers' momentum or reverses into profit-taking ahead of potential macroeconomic announcements.
