NGX All-Share Dips 0.06% to 250,668 | Nigeria Market Report, Oct 5
Key Facts
- Nigerian shares edged lower: the NGX All-Share Index (ASI) fell 140.41 points, or 0.06%, to 250,667.86 on Monday 5 October, its fourth straight daily decline
- Market value slipped: equity market capitalisation stood at N162.75 trillion (about US$123.1 billion at N1,321.79 per US dollar)
- Trading picked up: investors exchanged 875.26 million shares; 27 stocks rose, 34 fell and 85 were unchanged
- Limit moves at the edges: Sovereign Trust Insurance gained 10.00% to N2.31, while DEAP Capital Management & Trust lost 9.80% to N4.05
- The naira stayed in its range: the dollar closed at N1,321.79 in the RT feed, inside the N1,318.51 to N1,331.43 band of the past five weeks
- Strike ended: a three-day public-sector strike over petrol prices and wages ended on Sunday 4 October
Today’s Focus
Nigeria’s stock market ended Monday, 5 October 2026, almost where it began. The All-Share Index, which tracks every share listed on the Nigerian Exchange (NGX), slipped 0.06% to 250,667.86 points. It has now closed lower in four straight sessions, but it is still within 0.8% of its one-year high.
Trading was busier than on Friday, with 875.26 million shares changing hands. Prices moved little overall, yet individual stocks swung by the 10% daily limit. The naira, Nigeria’s currency, stayed calm at about N1,322 per US dollar.
The backdrop is a mix of cheaper petrol and fading labour pressure. Dangote Refinery lowered its gantry price, and public servants ended a three-day warning strike on Sunday. For a US investor, the point is simple: Nigeria’s stocks are up about 61% this year in naira terms, and a steady currency keeps those gains from being eroded in dollars.
What matters today. The index is pausing near its highs, not breaking down. The next test is whether it can regain the 28 September peak of 252,635.11 while fuel costs ease.
01 The session in one read
The Nigerian Exchange, the main stock market of West Africa’s largest economy, closed Monday slightly lower. The All-Share Index ended at 250,667.86, down from 250,808.27 on Friday, 2 October.
Equity market capitalisation, the total value of all listed shares, was N162.75 trillion (about US$123.1 billion). We convert at the RT close of N1,321.79 per dollar.
Activity was higher than on Friday. Investors traded 875.26 million shares. Breadth was negative: 27 stocks rose, 34 fell and 85 were unchanged among 146 listed securities.
Sovereign Trust Insurance led the gainers with a 10.00% rise to N2.31. DEAP Capital Management & Trust led the losers, down 9.80% to N4.05.
The index closed at 252,635.11 on Monday, 28 September, its highest close in the past year, and is now 0.78% below that level. It has slipped 0.22% since the 30 September close of 251,211.67. The decline is shallow, and the 50-day average still sits below the price. What we cannot confirm is the split by sector for banks, oil and gas, and consumer goods, because those closing figures had not been published in the sources we could check at the time of writing.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| NGX All-Share Index | 250,667.86 | −0.06% | Down 0.22% since 30 September; up 61.1% since 31 December 2025 |
| Market capitalisation | N162.75 trillion | n/a | About US$123.1 billion at N1,321.79 |
| Shares traded | 875.26 million | +57.1% | Friday: 557.12 million |
| Breadth (advancers / decliners) | 27 / 34 | n/a | 85 unchanged |
| NGX Banking, Oil & Gas, Consumer Goods, Insurance indices | n/a | n/a | Not available at the time of writing |
| USD/NGN | 1,321.79 | +0.08% | Within the N1,318.51 to N1,331.43 band since 1 September |
The All-Share Index has gained 2.7% since the end of August, when it closed at 244,199.50. It sits 2.0% above its 50-day moving average (245,740) and 16.0% above its 200-day average (216,145), so the trend is still firmly upward. The index is 81.4% above its level of 3 September 2025 (138,157.14).
The naira has been calm. Since 1 September the dollar has closed between N1,318.51 and N1,331.43. Other published official-window rates for Monday ranged from about N1,327 to N1,332, so the day’s exact level depends on the source. A steady currency matters for foreign investors, because a share gain is worth more in dollars if the naira does not weaken at the same time.
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| SPX | 7,751 | +0.29% | — | — | — | — | — |
| NDX | 29,799 | +0.93% | — | — | — | — | — |
| DJI | 53,810 | +0.03% | — | — | — | — | — |
| RUT | 3,041 | +0.46% | — | — | — | — | — |
| US10Y | 4.6760 | -0.17% | — | — | — | — | — |
| VIX | 14.60 | -4.45% | — | — | — | — | — |
| DAX | 26,331 | -0.23% | — | — | — | — | — |
| FTSE | 10,833 | -0.10% | — | — | — | — | — |
| CAC | 8,675 | -0.46% | — | — | — | — | — |
| STOXX | 659.48 | -0.16% | — | — | — | — | — |
| NIKKEI | 67,524 | +0.83% | — | — | — | — | — |
| HSI | 25,440 | -0.83% | — | — | — | — | — |
| KOSPI | 6,579 | +3.68% | — | — | — | — | — |
| CSI300 | 4,691 | +0.58% | — | — | — | — | — |
| NIFTY | 24,436 | -0.15% | — | — | — | — | — |
| TSX | 36,619 | +0.39% | — | — | — | — | — |
| GOLD | 4,461 | +1.78% | +33.20% | 4,383 | 4,503 | 4,421 | 139,824 |
| SILVER | 65.59 | +1.26% | +73.05% | 64.77 | 66.98 | 64.81 | 46,406 |
03 Why it moved: a pause near the peak, with small stocks doing the swinging
The index barely moved, which tells its own story. Large stocks cancelled each other out, while smaller names hit the 10% daily limit in both directions. Sovereign Trust Insurance, FTN Cocoa Processors and Tripple Gee each rose by close to the limit. On the other side, DEAP Capital Management & Trust and ABC Transport fell by close to it.
ABC Transport is a useful example. It had risen 9.63% on Friday to N7.40, and it gave back 9.46% on Monday to N6.70. A swing like that points to quick profit-taking in a thinly traded share, not a change in the company’s outlook.
The currency gave no extra push. The dollar stayed in the same range it has held for five weeks, so the market was reacting to company news and positioning, not to a currency shock.
We could not confirm which large stocks drove the index. Reported volume of 875.26 million shares was well above Friday’s, but the sources we could check did not name the most active stock in a way we could verify, so we do not name one.
04 The day’s data and news, one by one
Two items shaped the mood. One was cheaper fuel and one was the end of a labour dispute. The RT economic calendar listed no Nigerian data releases for Monday.
Petrol prices. Dangote Refinery lowered its gantry price, the price it charges fuel retailers, by N25 to N1,325 per litre (about US$1.00) in late September, according to Legit.ng on 23 September.
Public-sector strike. The Joint National Public Service Negotiating Council, a body of public-sector unions, ran a three-day warning strike from Friday 2 October to Sunday 4 October. It wants petrol at N500 per litre (about US$0.38), a wage award and talks on a new minimum wage before 2027. Reporters found offices in Abuja and several states partly or fully open on Friday, according to Pen Agency News. We have no confirmed government response. Our earlier report has the background.
External reserves. Nigeria’s foreign-exchange reserves stood at US$54.926 billion on 30 September, up 0.01% on the previous day, according to Central Bank of Nigeria (CBN) data reported by Arbiterz. Large reserves help the CBN smooth the naira, which matters to foreign investors who need to convert dividends and sale proceeds back into dollars. Our wider read on the currency is here.
05 The day’s movers
| Driver | Close | Change | Note |
|---|---|---|---|
| Sovereign Trust Insurance | N2.31 | +10.00% | Top gainer, at the daily limit |
| FTN Cocoa Processors | N8.38 | +9.97% | Second-best gainer |
| Tripple Gee & Company | N2.56 | +9.87% | Third-best gainer |
| Learn Africa | N8.40 | +9.80% | Fourth-best gainer |
| Livestock Feeds | N9.75 | +9.55% | Fifth-best gainer; also a top gainer on Friday |
| DEAP Capital Management & Trust | N4.05 | −9.80% | Biggest loser |
| ABC Transport | N6.70 | −9.46% | Second-biggest loser; gained 9.63% on Friday |
| Africa Prudential | N10.15 | −7.31% | Third-biggest loser |
| Japaul Gold & Ventures | N2.68 | −6.94% | Fourth-biggest loser |
| Coronation Insurance | N2.21 | −6.36% | Fifth-biggest loser |
Prices are in naira; at N1,321.79 per dollar, N1 is about US$0.00076. Many of the top movers are low-priced shares, so a 10% move can come from very small trades.
The exchange allows a share to rise or fall by no more than 10% in a day, which is why Sovereign Trust Insurance stopped at exactly 10.00%. For readers who follow the market itself, our guide to the Nigerian Exchange explains how it is run. Mover data come from the NGX market summary published by Mansa Markets; Nigerian press reports for Monday’s session were not yet available when we wrote, so large-cap prices are left out rather than estimated.
06 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| NGX All-Share Index | Nigeria | −0.06% |
| EGX30 | Egypt | −0.66% |
Egypt’s EGX30 fell 0.66% to 53,553.41 on Monday, after a rise to 53,911.10 on Sunday. Lagos and Cairo both slipped, but the moves were small and driven by local factors rather than a continent-wide trend.
Closing data for Johannesburg, Nairobi and Casablanca were not available to us at the time of writing, so they are left out rather than estimated.
07 The technical picture
The All-Share Index closed 0.78% below its 28 September high of 252,635.11. That is the first line to watch: a close above it would set a new one-year high. The 50-day moving average at about 245,740 is the nearest support, roughly 2.0% below Monday’s close.
For the naira, the dollar has held between N1,318.51 and N1,331.43 since 1 September. A move outside that band would be the first sign of fresh pressure either way. The 200-day moving average for the index (216,145) is far below the price, which shows how steep the year’s climb has been.
08 What to watch
- Fuel prices: Dangote Refinery’s N1,325 gantry price will show whether the unions’ N500 demand loses force or returns
- Labour follow-up: The warning strike has ended, and we have no confirmed government response or announced next step
- The 252,635 mark: A close above the 28 September high would confirm that the past week was only a pause
- The naira band: A close outside N1,318.51 to N1,331.43 would signal a change in the currency’s tone
- Calendar: The RT calendar showed no Nigerian data releases for Monday or for the rest of the week to Friday 9 October
Background: Nigerian Exchange (NGX): how it works, who runs it, and what issuers must disclose. More from the region: Nigeria news and the naira and reserves.
Frequently Asked Questions
How did the Nigerian stock market close on 5 October 2026?
The NGX All-Share Index fell 0.06%, or 140.41 points, to 250,667.86. Market capitalisation was N162.75 trillion (about US$123.1 billion), with 27 stocks up and 34 down.
Which Nigerian stocks moved most on Monday?
Sovereign Trust Insurance rose 10.00% to N2.31, the daily limit, while DEAP Capital Management & Trust fell 9.80% to N4.05, according to a published NGX market summary.
What was the naira rate on 5 October 2026?
The RT market feed showed N1,321.79 per US dollar. Other published official-window rates for the day ranged from about N1,327 to N1,332.
Did the Nigerian public-sector strike end?
Yes. The three-day warning strike by the Joint National Public Service Negotiating Council ran from Friday 2 October to Sunday 4 October. Press checks found offices partly open.
Is the Nigerian stock market still near its high?
Yes. The index is 0.78% below its 28 September close of 252,635.11, the highest of the past year, and up 61.1% since 31 December 2025 in naira terms.
Source: RT live market data (RT), close of Monday 5 October 2026 for the NGX All-Share Index, USD/NGN and EGX30; market capitalisation, volume, breadth and movers from the NGX market summary on Mansa Markets (NGX data); petrol prices from Legit.ng; strike from Pen Agency News and Premium Times; reserves and other naira rates from Arbiterz (CBN data) and Vanguard.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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