The Nigerian Exchange Limited (NGX) closed the trading week marginally lower on Friday, as market capitalisation fell by ₦64 billion from ₦163.859 trillion at the open to ₦163.795 trillion at the close.
The All-Share Index (ASI) also advanced by 505.56 points, representing a 0.20 percent increase from 251,861.24 to 252,366.80 points. The recovery followed Wednesday’s decline, when market capitalisation shed ₦293 billion, and the benchmark index fell by 0.18 percent.
Champion Breweries Plc has proposed a corporate restructuring that will see Champion Brands Limited become the group’s new listed parent company on the Nigerian Exchange, replacing Champion Breweries, which will become a wholly owned subsidiary and be delisted.
The All-Share Index (ASI) also shed 451.92 points, representing a 0.18 percent decline from 252,313.16 to 251,861.24 points. The downturn followed Tuesday’s marginal loss, when market capitalisation declined by ₦93 billion, and the benchmark index fell by 0.06 percent.
The All-Share Index (ASI) also shed 143.58 points, representing a 0.06 percent decline from 252,456.74 to 252,313.16 points. The downturn followed Monday’s strong recovery, when market capitalisation gained ₦2.324 trillion and the benchmark index advanced by 1.44 percent.
The Nigerian Exchange Limited (NGX) began the new trading week on a positive note on Monday, as market capitalisation increased by ₦2.324 trillion from ₦161.593 trillion at the opening to ₦163.917 trillion at the close of trading.
Trading resumes on Monday, November 9, with investors confronting numbers that look straightforward until they examine what sits behind them. Oil prices remain sensitive to developments in the Middle East, the naira trades at different rates across currency markets, and attractive government securities continue to compete for investment funds.
The Financial Services Industry led the activity chart, accounting for 1.983 billion shares valued at N126.627 billion. The sector contributed 70.11 per cent of total equity turnover volume and 60.76 per cent of turnover value, maintaining its dominant position in market activity.
A comparison of shareholding records and closing prices for September 30, 2025, and September 30, 2026, shows that Otedola’s disclosed holdings in First HoldCo Plc and Rabiu’s combined direct, indirect and related-company holdings in BUA Cement Plc recorded substantial increases in market value.
The Nigerian Exchange Limited (NGX) closed the week on a negative note on Friday, as market capitalisation declined by N541 billion from N162.134 trillion at the opening to N161.593 trillion at the close of trading.
The commission issued the clarification on Saturday amid growing controversy surrounding the preliminary voters’ register ahead of the 2027 general elections and calls by some Nigerians for Amupitan to step down over alleged irregularities in the registration process.
