NGX Market Wrap 13-Aug-2026 | Plus234Feed

The Nigerian bourse delivered a bifurcated trading session on Wednesday, with fixed-income securities commanding investor attention while equities absorbed significant selling pressure. The ASI settled at 243,418.12 points, reflecting a market split between bond strength and equity weakness.

FGSUK2031S4 led gainers with a commanding +24.86% surge, climbing ₦19.89 to ₦99.90, signalling strong demand for longer-dated government securities. This bond rally extended to other instruments but starkly contrasted equity performance. UNILEVER suffered the day's largest absolute loss, dropping ₦13.10 to ₦118.30—a -9.97% decline that underscores persistent weakness in the consumer goods sector. FGSUK2027S3 mirrored broader fixed-income volatility with an -11.19% pullback, suggesting some profit-taking after recent gains.

Secondary equity movers showed selective strength. JOHNHOLT and INTENEGINS posted gains of +9.89% and +10.00% respectively, though these represent pockets of recovery rather than broad-based rallies. CORNERST dominated volume with 3.6 billion shares traded, yet price action remained subdued—typical of the current heavy trading concentrated in large-cap liquidity pools.

Market capitalisation held at ₦157.1 trillion, supported by sustained trading activity across 39,574 deals totalling 4 billion shares. The divergence between bond strength and equity softness suggests investors are rotating toward fixed-income yield amid macroeconomic uncertainty.

Investors should monitor whether the bond rally sustains Thursday's opening or if profit-taking accelerates across the fixed-income space.