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NGX market capitalisation falls N91 billion to N162.751 trillion.
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ASI slips 0.06 percent to close at 250,667.86 points.
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29 equities decline against 24 gainers as market breadth turns negative.
October 5, (THEWILL) – The Nigerian Exchange Limited (NGX) opened the week on a mildly bearish note on Monday, as selling pressure across several equities dragged the benchmark index and market capitalisation lower.
The market capitalisation opened at N162.842 trillion and closed at N162.751 trillion, shedding N91 billion during the session.
Similarly, the NGX All-Share Index (ASI) opened at 250,808.27 points and closed at 250,667.86 points, falling by 140.41 points or 0.06 percent.
Market breadth was negative, with 29 equities declining against 24 gainers, while several major stocks closed flat during the session.
The session witnessed mixed price movements, with selected equities posting strong gains while heavier losses across a number of counters pulled the broader market lower.
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Top Gainers
- SOVRENINSÂ led the gainers by advancing 10.00 percent (N2.10 to N2.31)
- FTNCOCOA followed closely, advancing 9.97 percent (N7.62 to N8.38)
- TRIPPLEG rallied 9.87 percent (N2.33 to N2.56)
- LEARNAFRCA advanced 9.80 percent (N7.65 to N8.40)
- LIVESTOCK rounded off the top five gainers, gaining 9.55 percent (N8.90 to N9.75)
Top Decliners
- CMFC recorded the highest loss of the session with -9.80 percent (N4.49 to N4.05)
- ABCTRANSÂ also suffered a significant loss of -9.46 percent (N7.40 to N6.70)
- AFRIPRUD shed -7.31 percent (N10.95 to N10.15)
- JAPAULGOLD declined -6.94 percent (N2.88 to N2.68)
- WAPIC dropped -6.36 percent (N2.36 to N2.21)
Meanwhile, Dangote Cement, Seplat Energy Plc, Custodian Investment Plc, Julius Berger Plc, Champion Breweries Plc, BUA Foods Plc and Dangote Sugar Refinery Plc, among others, closed flat during the session.
Overall, Monday’s trading session ended on a slightly weaker footing, with the ASI and market capitalisation both slipping marginally.
Although several equities recorded notable gains, the broader market remained pressured by losses across key counters, resulting in more decliners than gainers at the close.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
