NGX Performance For September 29, 2026
NGX ASI: Nigeria’s All-Share Index
The Nigerian Exchange’s All-Share Index (NGX ASI) fell 0.29% to close at 251,913.20 basis points on Tuesday, after the index pulled back during intraday trading, signalling profit-taking from recent gains. However, the bearish volume remained moderate, suggesting that mild profit-taking prevailed. Despite the bearish sentiment, the index’s liquidity and momentum remained strong
NGXBNK: Banking Sector Index
The banking index gained 0.91% and closed at 2,727.81 bps. During intraday trading, the index pulled back and regained its bullish momentum. This performance makes 2,690 bps a strong support zone. In line with this performance, MACD sustained its divergence signal as volume declined. However, the index’s liquidity and momentum remained solid, sustaining the index’s strength.
Top gainers: WEMABANK (+2.99%), FIDELITY (+0.22%)
Top losers: GTCO (-3.28%), ETI (-2.86%), ACCESSCORP (-2.51%), ZENITH (-1.03%)
NGXCSMG: Consumer Goods Sector Index
The consumer goods index lost 0.59% and closed at 7,684.17 bps. The index pulled back intraday but remained in momentum, closing above its moving average. In line with this performance, MACD sustained its divergence signal as volume declined. However, the index’s liquidity and momentum closed strongly above their threshold. This performance suggests that the market remains healthy and sustainable
Top gainers: NPFMCRF (+10%), TRANSCOHOT (+9.42%), HONEYFLOUR (+3.80%), AFRIPRUD (+3.79%)
Top losers: UNILEVER (-8.55%), NEIMETH (-6.02%), ROYALEX (-2.78%)
NGXIND: Industrial Sector Index
The industrial index lost 0.91% and closed at 10,372.27 basis points. The index tried to continue its bullish momentum; however, bears dominated. In line with this performance, MACD’s divergence signal strengthened. Yet, the index’s liquidity and momentum remained solid.
Top losers: CUTIX (-4.17%), BUACEMENT (-3.10%)
NGXOGSE: Oil and Gas Sector Index
The oil and gas index closed at 6,244.49 bps. During intraday trading, the index did not make any significant change in points. However, its volume closed strongly bullish. This performance indicates sustained investor interest in the sector. In line with this performance, the index’s momentum and liquidity remained strong. Notably, MACD’s bullish momentum remained weak; thus, investors should expect a brief correction.
Top gainer: ETERNAO (+2.92%)
NGXINS: Insurance Sector Index
The insurance index gained 0.38% and closed at 1,098.22 bps. The index consolidated with the Fibonacci critical zone during intraday trading. However, the market bulls dominated. This performance suggests the index has strong potential in the long run. While the other indices declined, the NGXINS sustained its bullish strength. In line with this performance, the index’s liquidity, momentum, and volume remained solid. However, MACD sustained its divergence signal as the index remained corrective.
Top gainers: WAPIC (+9.95%), AIICO (+3.95%), INTENEG (+0.44%)
Top losers: SOVRENI (-9.92%), MBENEFIT (-2.81%), MANSARD (-1.71%), PRESTIGE (-1.45%), CORNERS (-0.98%)
Market Analyst Insight
Based on the indices’ performance, the NGX market is experiencing profit-taking and bargain hunting. This sentiment sustained the index’s liquidity and momentum across key sectors. It also prompts investors and traders to position in low-cap stocks with strong fundamentals. Overall, the market remains strong and healthy.
