By: Tijani Salako.
The Nigerian Exchange Limited (NGX) equities market extended its decline for the second consecutive session on Wednesday, with the All-Share Index falling to 251,211.67 points, bringing its cumulative loss in the first three trading sessions of the week to 0.56 per cent.
An analysis of the NGX Daily Market Snapshots obtained from the Exchange’s official website showed mixed movements in the market during the first three trading sessions of the week, with the All-Share Index gaining on Monday before recording consecutive declines on Tuesday and Wednesday.
The All-Share Index opened the week at 252,635.11 points on Monday, September 28, 2026, when it gained 0.21 per cent. It subsequently declined by 0.29 per cent to 251,913.20 points on Tuesday and shed another 0.28 per cent to close at 251,211.67 points on Wednesday.
The movement represents a decline of 1,423.44 points between Monday and Wednesday, as the market gave up the gains recorded at the beginning of the week.
The Equity Market Capitalisation followed a similar trend, rising to ₦163.99 trillion on Monday before declining to ₦163.53 trillion on Tuesday and further to ₦163.10 trillion on Wednesday.
The Fixed Income Market Capitalisation, however, recorded mixed movements during the period. It stood at ₦58.69 trillion on Monday, rose by 1.49 per cent to ₦60.25 trillion on Tuesday and remained unchanged at ₦60.25 trillion on Wednesday.
The Exchange-Traded Products (ETPs) segment also recorded fluctuations during the three sessions. Its market capitalisation fell by 1.56 per cent to ₦56.87 billion on Monday and declined further by 4.92 per cent to ₦54.07 billion on Tuesday, before recovering by 1.92 per cent to ₦55.11 billion on Wednesday.
Despite the consecutive declines in the All-Share Index on Tuesday and Wednesday, some individual stocks recorded strong gains, with the top performers posting price increases of close to or above nine per cent on each trading day.
On Tuesday, NPF Microfinance Bank and LivingTrust Mortgage Bank led the gainers with 10 per cent increases each, closing at ₦4.40 and ₦2.86 per share respectively.
Coronation rose by 9.95 per cent to close at ₦2.43, VFD Group gained 9.84 per cent to ₦13.40, while ABC Transport appreciated by 9.82 per cent to close at ₦6.15.
On Wednesday, Mutual Benefits Assurance topped the gainers’ chart with a 10 per cent increase, closing at ₦3.41 per share. CMFC gained 9.92 per cent to close at ₦4.32, while Cornerstone Insurance rose by 9.80 per cent to ₦5.60.
LivingTrust Mortgage Bank gained 9.79 per cent to close at ₦3.14, while ABC Transport appreciated by 9.76 per cent to ₦6.75 per share.
The market’s performance in the first three sessions showed a shift from Monday’s positive opening to two consecutive sessions of declines, while the fixed income market remained higher than its Monday level and ETPs recovered part of their Tuesday losses by Wednesday.
