{
  "id": 13195279,
  "title": "NGX recovers N208 billion as MTN, Oando shares lift market",
  "url": "https://urgent.news/2026/10/09/ngx-recovers-n208-billion-as-mtn-oando-shares-lift-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T19:31:39.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/09/ngx-recovers-n208-billion-as-mtn-oando-shares-lift-market/"
  },
  "original_language": "en",
  "account": "The Nigerian Exchange (NGX) experienced a rebound on Friday, October 9, 2026, recovering from two days of declines. Market capitalisation rose by N208.46 billion, lifting the index to N161.26 trillion from N161.05 trillion the previous day. The All-Share Index (ASI) climbed by 321.05 points, or 0.13%, to settle at 248,363.55 points, after falling to a weekly low of 248,042.50 points on Thursday. A total of 322,014,816 shares changed hands in 37,758 deals, a decrease of 34.57% from the previous session's 492.14 million shares traded. Among the top performers were telecom giant MTN Nigeria Communications Plc (MTNN), which surged 2.69% to close at N840.00, and energy player Oando Plc, which jumped 6.90% to N36.40. Insurance stocks also contributed significantly to the market's recovery, with Guinea Insurance Plc up 9.41% to N0.93 from N0.85 and Regency Alliance Insurance Plc up 10.00% to N0.77 from N0.70. The NGX Oil/Gas Index increased from 5,996.24 to 6,005.98, while the NGX Consumer Goods Index rose from 4,026.79 to 4,033.36. The NGX Industrial Index edged higher from 10,440.33 to 10,442.50, driven by Chemical and Allied Products Plc (CAP) gaining 8.50% to N108.50. Conversely, the NGX Insurance Index slipped from 1,088.85 to 1,081.10, as declines in Coronation Insurance Plc, Fortis Global Insurance Plc, and NEM Insurance Plc outweighed the gains from Regency Alliance Insurance Plc and Guinea Insurance Plc. Other indices, such as the NGX Main-Board Index, NGX Pension Index, and NGX CG Index, also experienced moderate declines.",
  "summary": "The Nigerian Exchange (NGX) rebounded from consecutive sessions of decline on Friday, October 9, 2026, as market capitalisation gained N208.46 billion. The post NGX recovers N208 billion as MTN, Oando shares lift market appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}