NGX rebounds, investors recover N103.9 billion as oil, banking stocks rise

The Nigerian equities market experienced a rebound on Wednesday, October 14, 2026, leading to an increase in investor wealth by N103.90 billion in a single trading session. This led to a substantial rise in the total market capitalization of listed equities, reaching N160.81 trillion. The benchmark All-Share Index (ASI) rose by 160.02 points (0.065%), reaching 247,673.65 points, a positive change from the previous day's closing value of 247,513.63 points.

The overall equity market capitalization grew from N160.708,289,187,640.13 on Tuesday to N160,812,190,862,654.81 at the close of trading on Wednesday. This surge in the market was driven by widespread appreciation across key sector indices, particularly in Oil & Gas, Banking, and Insurance. Individual stocks like Austin Laz & Company Plc, eTranzact International Plc, Livestock Feeds Plc, Critical Minerals Financing Corp Plc, NSL Tech, and Multi-Trex Integrated Foods Plc led the top gainers table with gains ranging from 9.09% to 10.00%.

The robust market liquidity was evident with 314,899,895 shares traded across 30,922 deals, with major turnover in Premium Board financial equities like Access Holdings Plc and Zenith Bank Plc. However, the NGX Consumer Goods Index was the main laggard, declining due to slight price reductions in equities such as Nigerian Breweries Plc and Dangote Sugar Refinery Plc. Other sector indices, like the NGX Corporate Governance and NGX AFR Dividend Yield Indices, also experienced minor declines.

Conversely, the NGX Industrial Index and NGX Sovereign Bond Index remained relatively stable, with slight fluctuations.