NGX Market Wrap 2026-08-04 | Plus234Feed
The Nigerian Exchange closed at 244,802.83 points as bond instruments dominated trading activity, with FGSUK2032S5 surging 21.36% while equities faced broader selling pressure. Market capitalization stood at ₦158.02 trillion across 1.56 billion shares traded worth ₦28.63 billion.
Tuesday's session revealed a bifurcated market structure, with fixed-income securities commanding investor attention while the broader equity index faced headwinds. The standout performer, FGSUK2032S5, gained ₦22.00 to close at ₦125.00—a 21.36% appreciation that signals sustained appetite for longer-dated government bonds. This rally contrasts sharply with the simultaneous 19.91% collapse in FGSUK2031S4, which fell ₦19.89 to ₦80.01, suggesting tactical rotation between bond tenors rather than uniform fixed-income strength.
Equity weakness was evident across multiple fronts. MULTIVERSE, LIVINGTRUST, MCNICHOLS, and THOMASWY each declined 9-10%, indicating broad-based profit-taking or sector-specific headwinds. However, select counters bucked the trend: NEIMETH climbed 8.43% to ₦9.00 despite heavy trading at 42.44 million shares, while NREIT and LIVESTOCK gained 9.71% and 9.49% respectively, demonstrating selective strength in defensive and agriculture-linked stocks.
Trading activity remained robust with 53,853 deals executed and JAPAULGOLD dominating volume at 904.40 million shares. The ₦28.63 billion in value traded reflects sustained market participation, though the equity-to-fixed-income activity disparity suggests investors are repositioning toward yield-bearing instruments amid prevailing macroeconomic conditions.
Investors should monitor whether tomorrow's session sustains the bond rally or triggers equity rebalancing as portfolio managers reweight allocations.
