NGX slips 0.06% as Nestlé, insurers drag market lower
The Nigerian Exchange equity market closed on a slightly negative note on Monday, October 5, 2026, as the NGX All-Share Index (ASI) slipped by 140.41 points to close at 250,667.86 points, compared to 250,808.27 points recorded at the close of Friday's session. The post NGX slips 0.06% as Nestlé, insurers drag market lower appeared first on Nairametrics .
The Nigerian Exchange (NGX) equity market concluded on Monday, October 5, 2026, with a minor decline, the NGX All-Share Index (ASI) slipping by 140.41 points to close at 250,667.86 points, down from 250,808.27 points on Friday. This resulted in a 0.06% reduction in equity market capitalization, closing at N162.75 trillion, a decrease from the previous N162.84 trillion.
Despite the slight downturn, trading activity remained robust, with a total of 875,262,157 shares changing hands, spread across 53,797 deals. The Premium Board led the trading volume, accounting for 522,951,777 shares among the total transactions. Access Holdings Plc emerged as the most active company, with 440,652,920 shares traded in 2,704 deals.
The Insurance Index experienced a notable drop, sliding from 1,100.30 to 1,087.67 points, primarily driven by setbacks in Coronation Insurance Plc (-6.36%) and Consolidated Hallmark Holdings Plc (-5.91%). Sector indices exhibited a mixed performance, with banking and growth stocks in the heavy-cap segment helping to offset the broader market's decline.
Investor sentiment remained cautious, as evidenced by a negative market breadth, where 29 equities closed lower compared to the 24 that advanced.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
