The Nigerian Exchange (NGX) All-Share Index (ASI) closed lower today, sliding -0.73% to 142,613.47, as the market faced broad-based selling pressure. The bearish run erased ₦662.51 billion from the market capitalization bringing it to ₦89.56 billion at market close.
Trading activity weakened, with turnover dropping sharply by 26.47% to ₦12.27 billion, signaling reduced risk appetite across institutional and retail investors.
Market breadth remained decisively negative, with just 20 gainers versus 57 decliners, producing a weak breadth ratio of 0.35x. The Naira also lost ground, depreciating by -0.36% to ₦1,534 per USD, underscoring the day’s overall bearish tone.
Winners and Losers
| Top Gainers | Price (₦) | % Change |
| AUSTINLAZ | 2.64 | 10.00% |
| CHAMPION | 19.74 | 9.97% |
| NCR | 9.55 | 9.77% |
| MULTIVERSE | 11.1 | 8.82% |
| ENAMELWA | 39 | 8.64% |
| Top Losers | Price (₦) | % Change |
| GUINNESS | 140.2 | -9.98% |
| CONOIL | 211.1 | -9.98% |
| CONHALLPLC | 4.35 | -9.94% |
| ROYALEX | 2.27 | -9.92% |
| ELLAHLAKES | 14.9 | -9.81% |
Institutional vs Retail Activity
Institutions dominated market activity, executing 42.11% of trades but commanding 81.87% of value (₦10.59B). Institutional flows concentrated heavily on blue-chip stocks such as ZENITHBANK, GTCO, CHAMPION, MTNN, and UBA, reflecting defensive positioning.
Retail investors, meanwhile, accounted for 57.89% of trades but only 18.13% of value, focusing on smaller-cap speculative names including REGALINS, DEAPCAP, and TIP. Notably, both retail and institutional flows overlapped in GTCO, UBA, and ZENITHBANK, creating a liquidity battleground where short-term volatility remains elevated.
Sector Performance
The NGX Consumer Goods Index posted the steepest sector decline at -1.90%. The Banking Index also retreated by -1.22%, reflecting profit-taking in top-tier lenders.
| Index | Close (₦) | Change | % Change |
| NGX All-Share | 142,613.47 | -1,047.19 | -0.73% |
| NGX 30 | 5,199.52 | -34.47 | -0.66% |
| NGX Banking | 1,546.22 | -18.85 | -1.22% |
| NGX Consumer Goods | 3,247.70 | -61.64 | -1.90% |
| NGX Industrial | 5,207.17 | -0.5 | -0.01% |
Other indices such as NGX Growth (-0.26%) and NGX CG (-1.10%) also slipped, while NGX ASeM and NGX Commodity closed flat.
