Nigeria’s All-Share Performance for 25th May, 2026
The Nigerian bourse gained 0.57%, closing at 251,125.02 basis points above its moving average, reflecting the strength and sustainability of the market. Additionally, the index remains in its distribution phase, but below its resistance level of 254,295 bps.
The benchmark indicator on the daily chart also reflects the market’s resilience, just as Money flow remains above its threshold while the RSI’s momentum remains solid. Despite the bullish volume, MACD’s bearish momentum strengthened. This is an indication that the market is in its distribution phase. Which sector indices influenced the NGXASI the most?
Key Sectoral Index Performance
NGXBNK: Banking Sector Index
The banking index gained 0.08% as the sector continues to recover within its distribution phase. Closing at 2,418.81 bps, the index slightly broke its first resistance level at 2,413.91 bps. This is an indication that investors have slightly strong confidence in this sector as the index closes above its moving average. Notable contributors included FCMB (+3.90%), WEMABANK (+0.90%), FIDELITY (+0.85%), and ACCESSCORP (+0.20%).
The bullish volume was weak, as MACD’s bearish signal gained momentum. This occurred because the index had more losers than winners. On the other hand, money flow regained its momentum, approaching its threshold (50). Finally, RSI remained solid, aligning with the overall market strength.
NGXCSMG: Consumer Goods Sector Index
In the consumer goods sector, profit-taking from high-value companies influenced the overall performance of the index as it lost 0.06%, closing at 6,700.92 bps above its moving average. While high-value companies dominated the bearish market, undervalued companies displayed impressive numbers. This performance indicates continuous bargain hunting in the sector
Notable contributors to the bearish market included NAHCO (-4.41%), PZ (-3.92%), UBA (-0.89%), and GTCO (-0.45%). Then, notable contributors that supported the market’s strength included NEIMETH (+8.74%), AFRIPRUD (+6.09%), REDSTAR (+5.87%), SUNUASSUR (+3.98%), and WAPIC (+3.46%)
Volume closed lower due to late bullish sentiments during the intraday market. The late bullish performance influenced the index’s liquidity as money flow closed, tilting upward. However, MACD’s bearish momentum strengthened, indicating a sustained bearish dominance in the sector. Finally, RSI remained solid in its neutral zone, aligning with the overall market strength. This performance offers investment opportunities.
NGXIND: Industrial Sector Index
The industrial sector did not make any significant change in basis points. Thus, the index closed at 12,252.18 bps below its moving average and 1.37% below its resistance level (12,415.64 bps). This performance signifies continuous recovery within the index’s distribution phase.
The indicators for the NGXIND’s daily chart closed with mixed sentiment. The bullish volume closed strongly above its moving average, while the RSI’s momentum remained solid and sustainable. On the other hand, MACD’s bearish momentum strengthened, as money flow maintained its downward trajectory. These performances occurred due to the sustained investors’ confidence in the sector. While the market bears dominated, investors took positions in defensible companies.
NGXOGSE: Oil and Gas Sector Index
On the daily chart, the oil sector index lost 1.77%, breaking its support level at 5,841.86 bps. Closing at 5,728.58 bps, the index remained below its moving average with a potential support level at 5,441.13 bps. This performance continues to weaken the market as investors rebalance their portfolios.
The bearish volume closed above its moving average, aligning with the strong market sentiment. In line with this performance, RSI and MFI declined, while MACD fortified its bearish momentum. Overall, the market has low liquidity and momentum, which makes it unattractive for investment
NGXINS: Insurance Sector Index
The insurance sector gained 0.54%, closing at 1,252.30 bps above its moving average. The index continues to trade strongly above its support level at 1,246.81 bps. This performance reflects the positive outcome for the insurance sector while other key indices decline.
On the daily chart, the NGXINS closed with a fairly strong bullish volume. This performance attempted to recover from last weekend’s bearish sentiment. Money flow indicated solid market liquidity, and RSI gained momentum, indicating continuous market strength.
Final Thought
The market remains in its distribution phase as profit-taking and bargain hunting prevail. The insurance sector has shown favourable investment opportunities while other sectors remained within their distribution phase.
