NGX ASI: Nigeria’s All-Share Index
The NGX ASI lost 0.82% and closed at 248,042.50 basis points on Thursday, October 8, 2026, after the composite All-Share index saw a strong bearish move on the back of heavy profit-taking. Despite this sentiment, market liquidity and momentum remained solid, as the index is currently within its support zone. Thus, investors should watch for bullish momentum to determine the overall market trajectory
NGXBNK: Banking Sector Index
The banking sector lost 0.18% to close at 2,639.74 bps. The index continues to consolidate with the 0.786 Fibonacci level as investors buy into value amid the corrective market. This performance strengthened the index’s bearish momentum; however, its liquidity and momentum remained solid.
Top gainers: WEMABANK (+1.47%), FIRSTHOLD (+0.81%), ZENITH (+0.52%), GTCO (+0.23%)
Top losers: FIDELITY (-4.96%), IBTC (-2.38%), UBA (-1.12%)
NGXCSMG: Consumer Goods Sector Index
The consumer goods index lost 0.5% and closed at 7,446.63 bps. Due to this decline, the index closed within the 1.0 Fibonacci level. Thus, investors should watch for bullish momentum as the index’s liquidity and momentum remain solid.
Top gainers: ETRANZA (+10%), DANGSUGAR (+2.19%)
Top losers: NPFMCRF (-8.70%), ROYALEX (-6.48%), NEIMETH (-4.14%)
NGXIND: Industrial Sector Index
The industrial sector index closed at 10,440.33 basis points. During intraday trading, the index made no significant change in points. However, it experienced bearishness with strong volume. This performance aligns with MACD’s divergence signal. Thus, investors should watch for a trend reversal.
Top loser: CUTIX (-9.02%)
NGXOGSE: Oil and Gas Sector Index
The oil and gas sector lost 3.87% and closed at 5,996.24 bps. This performance broke the index’s support at 6,132.68 bps, initiating its markdown phase. In line with this performance, MACD’s bearish momentum strengthened. Despite this sentiment, the index’s liquidity and momentum remained solid
Top loser: ETERNAO (-10%)
NGXINS: Insurance Sector Index
The insurance index fell 0.44% to close at 1,088.85 bps. It sustained its momentum within the ascending triangle despite the bearish sentiment. In line with this performance, the index’s liquidity and momentum remained solid. However, investors should watch MACD’s divergence performance as a trend reversal is on the horizon.
Top gainers: VERITASKAP (+3.70%), NEM (+2.79%), MBENEFIT (+1.61%), PRESTIGE (+1.47%), CORNERS (+1.02%)
Top losers: SOVRENI (-7.79%), REGALIN (-5.41%), WAPIC (-4.62%), AIICO (-2.20%), CONHALLPLC (-1.14%)
