NGX Market Wrap September 25 2026 | Plus234Feed

The NGX delivered a cautious close on Friday, with the All-Share Index slipping 0.01%—a session characterized more by internal divergence than directional conviction. Market capitalization stood at ₦163.66 trillion, reflecting the tension between advancing and declining equities.

The gainers list painted an encouraging picture of mid-market appetite. CMFC surged 9.76% to ₦3.26, while RTBRISCOE and ABCTRANS gained 9.74% and 9.68% respectively, signaling renewed interest in smaller-cap plays. Insurance stocks WAPIC and ROYALEX both advanced 9.09%, suggesting sector-specific strength in a fragile market.

However, these advances were eclipsed by significant losses among index heavyweights. TOTAL, a major constituent, plummeted 10.00%—shedding ₦57.60 per share to close at ₦518.40. This single-stock capitulation likely subdued the broader index despite gains elsewhere. LEGENDINT, HMCALL, SOVRENINS, and CAVERTON all retreated between 8% and 9%, indicating profit-taking across defensive plays.

Volume leadership remained concentrated in tier-one names: FIDELITYBK dominated with 205.7 million shares traded, while ACCESSCORP and CHAMS provided secondary liquidity. This dynamic suggests retail participation remains selective rather than market-wide.

The flat close masks underlying volatility—classic consolidation territory ahead of potential catalyst-driven moves.

Investors should monitor TOTAL's next trading session closely, as technical support levels will signal whether Friday's decline triggers broader defensive repositioning.