NGX claws back N410 billion after Monday’s N1.47 trillion wipeout
The Nigerian Exchange (NGX) returned to positive territory on Tuesday, October 20, 2026, as market capitalisation of equities expanded by N410.86 billion (or 0.26%), rising from N159.26 trillion on Monday to close at N159.67 trillion. The post NGX claws back N410 billion after Monday’s N1.47 trillion wipeout appeared first on Nairametrics .
The Nigerian Exchange (NGX) rebounded on Tuesday, October 20, 2026, after a sharp N1.47 trillion decline on Monday, according to wire material. Market capitalisation of equities increased by N410.86 billion (0.26%), climbing from N159.26 trillion to N159.67 trillion, while the All-Share Index climbed 632.79 points (0.26%) to settle at 245,911.13 points.
Total equity turnover saw 348.69 million shares exchanged in 32,588 deals, a 24.42% drop from the previous session. The NGX Industrial Index led the market recovery, surging 118.44 points to 10,258.95, propelled by robust demand for large-cap stocks like HBM Nigeria Plc and Austin Laz & Company Plc. Conversely, financial sector indices, including the NGX Banking and Insurance Indices, experienced modest declines, tempered by weaker performance from banking and insurance stocks.
Despite these minor setbacks, the broader market witnessed a net appreciation driven by gains in industrial and consumer goods sectors.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
