Nigerian Exchange Market Declines Amid Insurance Stock Pullbacks

On October 5, 2026, the Nigerian Exchange equity market closed with a slight decline, as the NGX All-Share Index (ASI) fell by 140.41 points, ending at 250,667.86 points, down from 250,808.27 points recorded at the previous session's close. This decline resulted in a reduction of equity market capitalization by N91.16 billion, representing a 0.06% drop, bringing the total to N162.75 trillion, down from N162.84 trillion.

Despite the overall decrease, trading activity remained robust, with a total of 875,262,157 shares traded across 53,797 deals. The Premium Board accounted for 522,951,777 shares of the total traded.

Access Holdings Plc (ACCESSCORP) led the market volume with 440,652,920 shares traded in 2,704 deals. The Insurance Index also faced pressure, declining from 1,100.30 to 1,087.67 points, primarily due to pullbacks in Coronation Insurance Plc, which fell by 6.36%, and Consolidated Hallmark Holdings Plc, which decreased by 5.91%.

Investor sentiment was cautious, reflected in a negative market breadth with 29 equities declining in price compared to 24 that advanced.