NGX Market Wrap 08-Sep-2026 | Plus234Feed

The Nigerian Exchange closed mixed on Tuesday, with the ASI settling at 244,999.29 points as equity strength was tempered by significant weakness in the fixed-income space. The session logged 50,672 deals worth ₦24.8 billion across 659.6 million shares, indicating steady participation despite directional uncertainty.

Equity gainers were led by ZICHIS, which surged 3.79% (₦0.69 gain) to ₦18.89, followed by NGX GROUP's more modest 1.38% appreciation to ₦131.90. LEARNAFRCA posted 1.16% growth, closing at ₦8.75. However, these gains were undermined by sharp losses in the bond segment, where FGSUK2033S6 plummeted 12.62% (₦14.50 decline) to ₦100.49—the session's worst performer. AVACAP, FTGINSURE, ABBEYBANK, and CMFC all fell between 9.66% and 10.00%, suggesting coordinated profit-taking or portfolio rebalancing away from lower-yielding fixed-income instruments.

Volume concentration remained heavy in mega-cap names: NEM led with 131.7 million shares traded, while MBENEFIT, CONHALLPLC, ACCESSCORP, and FIDELITYBK rounded out the top five. This liquidity concentration in blue chips signals investor preference for stability amid the bond volatility.

The market's 158.8 trillion naira capitalization reflects resilience, but the pronounced bond selloff warrants monitoring—rising yields could attract capital away from equities if the trend persists.

Watch for continuation of this equity-bond rotation in tomorrow's session, particularly how mega-caps respond to shifting yield dynamics.