{
  "id": 14075438,
  "title": "Equities dip as market value falls to N160tn on NGX",
  "url": "https://urgent.news/2026/10/13/equities-dip-as-market-value-falls-to-n160tn-on-ngx",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:30:07.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/equities-dip-as-market-value-falls-to-n160tn-on-ngx/"
  },
  "original_language": "en",
  "account": "On Monday, equities trading on the Nigerian Exchange Limited concluded on a downward trajectory as the Central Bank of Nigeria maintained the benchmark Monetary Policy Rate at 23.00 percent. The benchmark All Shares Index closed the session at 247,736.24 points, marking a decline from its earlier high of 250,273.50. Throughout the week, market indicators moved within a range of 247,736.24 to 250,273.50, resulting in an average index point of 248,902.51. A total of 52,891 trades were executed, involving 405,359,288 securities exchanged across all active boards.\n\nSector indices also experienced a downward trend, with the NGX Main-Board Index falling to 10,751.25, the NGX 30 Index declining to 9,114.65, and the NGX Banking Index decreasing to 2,567.52. Individual shares reflecting divergent transaction volumes and price movements, with MTN Nigeria Communications Plc trading at N844.00 for a volume of 1,769,623 shares, and Dangote Cement Plc exchanging at N1,066.70 per share. Financial services counters, including Zenith Bank Plc and Access Holdings Plc, continued to attract significant market liquidity.\n\nThe NGX Pension Index closed at 12,892.22, while the NGX Insurance Index adjusted to 1,082.56, and the NGX Consumer Goods Index managed a slight increase at 4,035.46 points. The NGX Industrial Index closed at 10,442.78, and the NGX Oil and Gas Index concluded the session at 5,993.51. Dangote Refinery's IPO attracted fourfold subscriptions, and the offer was extended.",
  "summary": "The Nigerian equities market closed lower on Monday, with total market capitalisation falling to N160.85tn as the CBN held the monetary policy rate. Read More: https://punchng.com/equities-dip-as-market-value-falls-to-n160tn-on-ngx/",
  "key_points": [
    "Nigerian equities closed lower on Monday at 247,736.24 points",
    "Central Bank maintained 23.00% Monetary Policy Rate",
    "Market value fell to N160tn on NGX"
  ],
  "editors_take": "The Central Bank's decision to hold interest rates steady creates a cooling effect on equity values, signaling a period of stagnation for major indices across the Nigerian Exchange.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "Equities dip as market value falls to N160tn on NGX",
        "url": "https://urgent.news/2026/10/13/equities-dip-as-market-value-falls-to-n160tn-on-ngx-14076018",
        "published": "2026-10-13T00:36:06.000Z"
      }
    ]
  },
  "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."
}