Thirty-seven equities depreciated, greater than the 32 recorded previously, whilst 65 equities remained unchanged, elevated than the 63 recorded the week earlier than.
- A complete turnover of 3.166 billion shares worth N155.023 billion was traded this week in 206,662 deals, compared including 4.689 billion shares valued at N240.824 billion that exchanged hands the prior week in 261,198 deals.
- The Financial Services Business area led operation by volume, using 1.944 billion shares valued at N77.733 billion traded in 92,035 deals, contributing 61.41% of complete volume and 50.14% of entire value.
- The Investment Business area followed together with 409.484 million shares worth N5.400 billion in 1,444 deals, whilst the ICT Business area ranked third including 231.705 million shares worth N9.606 billion in 24,133 deals.
The top three equities by volume — Fidelity Bank, VFD Collection and Connection Holdings — accounted for 1.343 billion shares worth N27.580 billion in 15,771 deals, representing 42.42% of entire volume and 17.79% of whole value.
Sectoral execution:
Sector results was assorted, including most indices finishing reduced.
- The NGX Insurance Index recorded the strongest earn, up 0.61% to 1,100.30 points from 1,093.66 points.
- The NGX Oil/Gas Index edged up 0.05% to 6,246.75 points.
- The NGX Commodity Index closed flat at 1,948.37 points.
- The NGX Corporate Governance Index recorded the steepest decline, down 1.43% to 7,559.54 points from 7,669.13 points.
- The NGX Banking Index fell 1.33% to 2,685.71 points from 2,721.83 points.
- The NGX Consumer Goods Index declined 0.91% to 4,057.09 points.
- The NGX Industrial Goods Index eased 0.26% to 10,440.24 points.
Top 10 Ideal-Performing Stocks:
- ABC Transport Plc: N7.40, up 45.10% from N5.10.
- Essential Minerals Financing Corp. Plc. N4.49, up 37.73% from N3.26.
- LivingTrust Mortgage Bank Plc: N3.45, up 32.69% from N2.60.
- VFD Group Plc: N13.50, up 18.42% from N11.40.
- CWG Plc: N20.75, up 15.28% from N18.00.
- Haldane McCall Plc: N3.41, up 13.67% from N3.00.
- University Press Plc: N5.15, up 13.19% from N4.55.
- John Holt Plc: N8.75, up 12.90% from N7.75.
- Eterna Plc: N44.00, up 12.82% from N39.00.
- UPDC Appraisal describe Investment Trust: N20.65, up 10.13% from N18.75.
Top 10 lowest-performing stocks:
- Sovereign Trust Insurance Plc: N2.10, down 12.50% from N2.40.
- E-Tranzact Cross-border Plc: N11.00, down 12.00% from N12.50.
- Discover Africa Plc: N7.65, down 11.05% from N8.60.
- PZ Cussons Nigeria Plc: N66.40, down 10.03% from N73.80.
- Fortis International Insurance Plc: N1.81, down 9.50% from N2.00.
- Thomas Wyatt Nigeria Plc: N2.67, down 9.49% from N2.95.
- Nigerian Exchange Fixed Plc: N168.60, down 8.86% from N185.00.
- FTN Cocoa Processors Plc: N7.62, down 8.08% from N8.29.
- Chams Holding Enterprise Plc: N3.23, down 7.18% from N3.48.
- Cutix Plc: N2.29, down 6.91% from N2.46.
What stands out:
The week’s charge figures points to additional noticeable weakness within primary names than strength.
Nigerian equities closed lesser in a holiday-shortened trading week, together with the typical NGX All-Provide Index (ASI) declining 0.52% to finish at 250,808.27 points from 252,113.41 points, as losses in MTN Nigeria, Initial HoldCo, Availability Holdings, GTCO, Nigerian Breweries and other well-familiar stocks outweighed gains in Fidelity Bank, UACN, ETI and UBA.
Promote capitalisation fell by nearly N812.61 billion or 0.50% to conclude at N162.843 trillion, moderating the swap’s year-to-date result to 61.17%, during the time that the month-to-date outcome stood at -0.2%.
The swap opened for four trading days this week, following the Federal Government declared Thursday, October 1, 2026, a people holiday to sign Independence Day celebrations.
ABC Transport emerged as the week’s standout performer, surging 45.10% from N5.10 to N7.40, during the time that Sovereign Trust Insurance recorded the steepest decline, falling 12.50% to N2.10 from N2.40.
What the statistics is saying:
Vend breadth tilted beneficial despite the index decline, alongside 44 equities appreciating in charge, decreased than the 61 recorded the former week. MTN Nigeria fell -2.67% to N840.00, during the time that banking heavyweights Primary HoldCo (-4.18%), Admission Holdings (-3.33%), GTCO (-3.07%), Stanbic IBTC (-0.61%) and Zenith Bank (-0.30%) all closed reduced.
- UBA (+0.22%), Fidelity Bank (+8.80%) and Ecobank Transnational (+1.30%) provided the week’s beneficial movements within the financial sector.
- In absolute naira terms, Transcorp Hotels recorded the largest beneficial charge movement amid standard shares, gaining N25.00 to complete at N290.50.
- MTN Nigeria recorded the largest absolute naira decline at N23.00, although this translated to a comparatively modest -2.67% fall given its high provide expense.
- Nigerian Address Fixed shed N16.40, or -8.86%, from N185.00 to N168.60 — a sharp reversal following the stock’s standout run through means of most of September.
Different well-understood huge-cap names — Dangote Cement, Airtel Africa, Seplat Energy, BUA Cement, BUA Foods, Nestlé Nigeria, Presco and Aradel Holdings between them — closed the week entirely unchanged, suggesting small trading worry in some of the advertise’s biggest names during the shortened week.
Corporate actions:
- Guinea Insurance listed an greater 3,206,838,021 usual shares on Monday, September 28, 2026, arising from its Rights Problem of 5,295,200,000 shares at N1.10 per provide, taking complete issued shares from 7,942,800,000 to 11,149,638,021.
- Regency Alliance Insurance listed an added 3,684,210,525 usual shares on Monday, September 28, 2026, arising from its Individual Placement of 7,368,421,052 shares at 95 kobo per provide, taking complete issued shares from 18,679,385,062 to 22,363,595,587.
- The Initiates Plc listed an added 1,110,018,448 usual shares on Wednesday, September 30, 2026, combining a Rights Matter of 177,996,310 shares at N7.00 per provide and a Community Provide of 932,022,138 shares at N9.50 per provide, taking entire issued shares from 889,981,552 to 2,000,000,000.
What you should learn:
The week’s decline follows three successive weeks of gains that had taken the ASI above 252,000 points and comes against the backdrop of the CBN’s 350-reason-detail MPR cut to 23% on September 22 — suggesting the market is now digesting both the rate-cut rally and a shortened trading week simultaneously.
- The steep declines in Nigerian Supplant Fixed (-8.86%) and E-Tranzact Cross-border (-12.00%) are remarkable given both stocks featured between the promote’s strongest performers in prior weeks, pointing to outcome-taking once sharp earlier run-ups rather than a fundamental reassessment.
- Detect out Africa’s 11.05% decline similarly reverses element of its earlier September gains, when the stock featured between the top value gainers for the week ended September 11.
- Together with a big quantity of primary stocks closing the week unchanged, trading operation appears to have been concentrated in a narrower fixed of names than in modern weeks — stable alongside the sharp 32.5% decline in complete turnover value, from N240.824 billion to N155.023 billion.
Alongside the holiday-shortened week behind it, the market enters October using its year-to-date revenue still firmly constructive at 61.17%, even as this week’s pullback in heavyweight names like MTN, GTCO and Earliest HoldCo will be closely watched for signs of whether the rate-cut-driven rally has further room to run or is entering a consolidation phase.
Source: Best performing Nigerian stocks for the week ended October 2, 2026
