{
  "id": 14316041,
  "title": "Stock Market Drops by 0.09% to Sustain Negstive Trend",
  "url": "https://urgent.news/2026/10/13/stock-market-drops-by-0-09-to-sustain-negstive-trend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T23:04:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/14/stock-market-drops-by-0-09-to-sustain-negstive-trend/"
  },
  "original_language": "en",
  "account": "The Nigerian stock market experienced a slight decline on Monday, with the All-Share Index (ASI) falling by 0.09% to maintain a negative trend. The NGX ASI closed at 247,513.63 basis points, a drop of 222.61 points, or 0.09%, from its opening value of 247,736.24 points. This marks a significant year-to-date loss of 59.06%. The market capitalization also experienced a minor decrease of 0.09%, closing at N160.708 trillion, down from N160.852 trillion.\n\nDespite the overall downward momentum, the market breadth showed a positive outcome with 24 stocks gaining and 21 stocks losing. Among the gainers, Etranzact led the pack with a 9.96% increase, closing at N14.35. WAPIC trailed with a 7.83% decline, ending at N2.48, while Daar Communications contributed a 7.25% gain to close at N1.48 per share. Livestock Feeds and Chams also performed well, gaining 6.92% and 5.88% respectively, to close at N15.45 and N3.60 per share.\n\nOn the losing side, Legend Internet led with a 6.85% decrease, settling at N3.40 per share. Omatek Ventures and Secure Electronic Technology also suffered, with declines of 6.43% and 5.71% respectively, closing at N1.31 and 66k per share. Mutual Benefits Assurance and AIICO Insurance rounded out the losers' table with declines of 5.49% and 4.39%, ending at N3.10 and N3.92 per share respectively.\n\nThe overall market activity saw a decline in trading volume, falling by 2.76% to 394.20 million shares, valued at N21.38 billion in 38,707 deals. Access Corporation led the trading volume, accounting for 14.46% of the total with 57.02 million shares traded. GTCO recorded the highest trading value, reaching N3.13 billion, representing 14.63% of the day's total value.",
  "summary": "Kayode Tokede The domestic stock market closed lower yesterday, as the Nigerian Exchange Limited All-Share Index (NGX ASI) dropped by 0.09 per cent to maintain downward momentum. The stock market",
  "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."
}