NGX Market Wrap 13-May-2026 | Plus234Feed
The Nigerian Exchange closed at 252,841.39 points on Wednesday with a sharply divided market, as five stocks gained the maximum 10.00% while five others declined 9.59% to 10.00%, signalling investor caution. Trading volume remained robust at 1.68 billion shares worth ₦109.4 billion across 76,557 deals, though no clear directional consensus emerged.
Wednesday's NGX session painted a portrait of internal market conflict, with sharp gains in select equities offset by equally steep declines elsewhere—a pattern suggesting selective profit-taking and tactical reallocation rather than broad-based momentum.
The gainers table was dominated by a perfect 10.00% ceiling, with LIVESTOCK, DAARCOMM, CWG, and FIDSON all hitting this threshold. BERGER nearly matched at +9.97%, adding ₦12.70 to reach ₦140.10. These synchronized moves hint at potential technical rebalancing or sector-specific optimism, though the data alone reveals only price action without fundamental context.
Conversely, the losses were equally pronounced and systematic. NCR led declines with a -10.00% plunge from ₦199.00 to ₦179.10, mirrored by CORNERST's -10.00% drop. ZICHIS (-9.89%), NEIMETH (-9.66%), and ETERNA (-9.59%) rounded out the negative five, suggesting coordinated exit activity from mid-cap and small-cap holdings.
Volume concentration favoured large-caps: FIRSTHOLDCO dominated with 564.1 million shares traded, while UBA and ACCESSCORP followed with 167.2 million and 104.7 million respectively. This bifurcation between price action (volatile mid-caps) and volume concentration (large-cap stability) indicates investors are rotating between risk profiles.
The market cap of ₦162.05 trillion reflects modest overall resilience despite intra-market turbulence. Watch for whether tomorrow's session stabilizes around these new price levels or sees mean-reversion trading.
