NGX Market Cap Drops 0.50% Amid Reduced Trading Activity

Trading on the Nigerian Exchange Limited (NGX) concluded with a decline as investors engaged in four trading sessions due to the public holiday on October 1, 2026, for Nigeria's Independence Day. A total of 3.166 billion shares valued at N155.023 billion were traded, marking a 32.48% decrease in trading volume and a 35.63% drop in transaction value from the previous week.

The Financial Services Industry dominated trading, contributing 1.944 billion shares worth N77.733 billion, which accounted for 61.41% of total equity turnover volume. Fidelity Bank Plc, VFD Group Plc, and Access Holdings Plc were the top three most actively traded stocks, collectively representing 42.42% of total equity turnover volume.

The NGX All-Share Index fell by 0.52% to close at 250,808.27 points, while market capitalization decreased by 0.50% to N162.843 trillion. Despite some sectoral gains, market breadth weakened with 44 advancing equities and 37 decliners.