{
  "id": 14076018,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:36:06.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/equities-dip-as-market-value-falls-to-n160tn-on-ngx/"
  },
  "original_language": "en",
  "account": "Equities on the Nigerian Exchange Limited (NGX) closed lower on Monday, with the benchmark Monetary Policy Rate remaining at 23.00 percent by the Central Bank of Nigeria. The total market capitalisation settled at 160,852,829,571,649.00 Naira, and the All Shares Index dropped to 247,736.24 points. Throughout the week, market indicators fluctuated between a peak of 250,273.50 and a low of 247,736.24, resulting in an average index point of 248,902.51. A total of 52,891 deals were executed, with investors exchanging 405,359,288 securities across all active boards. Each sector reflected the overall market decline, with the NGX Main-Board Index down to 10,751.25, the NGX 30 Index to 9,114.65, and the NGX Banking Index to 2,567.52. The NGX Pension Index closed at 12,892.22, while the NGX Insurance Index reached 1,082.56, and the NGX Consumer Goods Index closed at 4,035.46. Meanwhile, industrial goods remained relatively stable, with the NGX Industrial Index at 10,442.78 and the NGX Oil and Gas Index at 5,993.51. The Dangote refinery IPO saw fourfold subscriptions, and the offer was extended. Despite this, stocks rose as oil prices dropped following President Trump's announcement of an 'energy ceasefire.' Individual equities experienced various transaction volumes and price movements in the premium board segments. Notable performances included MTN Nigeria Communications Plc trading at 844.00 Naira with a volume of 1,769,623 shares and Dangote Cement Plc trading at 1,066.70 Naira. Seplat Energy Plc traded at N16,000.10 with 52,474 shares, while financial services counters, such as Zenith Bank Plc and Access Holdings Plc, saw high market liquidity with volumes of 27,980,069 shares and 33,283,797 units, respectively. Other asset categories, including fixed-income debt securities, exchange-traded products, and mutual funds, continued their regular listings and pricing evaluations.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "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",
        "published": "2026-10-13T00:30:07.000Z"
      }
    ]
  },
  "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."
}