NGX Market Wrap 14-May-2026 | Plus234Feed

The NGX delivered a predominantly bullish session on 14 May, with the ASI closing at 252,248.37 points as investor appetite for equities remained firm across the market. The broad-based nature of gains—evidenced by five separate stocks posting ~10% gains—suggests institutional and retail participation beyond isolated sector strength.

FIDSON led the gainers with an impressive +9.97% surge, adding ₦11.30 to close at ₦124.60, while BERGER surged +9.92% (₦13.90 increase to ₦154.00). AUSTINLAZ, DEAPCAP, and UNIONDICON rounded out the top five gainers, each posting near-identical gains around 9.87–9.95%. This clustering of double-digit percentage moves suggests coordinated portfolio rebalancing or sector-wide positive sentiment rather than company-specific catalysts.

Conversely, the losses—though sharp—remained contained. RTBRISCOE fell -10.00% (₦1.70 decline to ₦15.30), while ZICHIS dropped -9.99% (₦3.63 decrease to ₦32.69). These symmetrical losses mirror the gainers' pattern, indicating profit-taking in previously accumulated positions.

Trading activity remained robust, with 66,016 deals executed and ₦29.78 billion in value traded. CHAMS dominated volume with 122.2 million shares, followed by VFDGROUP at 105.5 million shares—typical participation patterns for banking and fintech stocks.

Market capitalization expanded to ₦161.67 trillion, reflecting the session's net positive bias. Investors should monitor tomorrow's opening for continuation signals amid ongoing macroeconomic developments.