{"id":9959,"date":"2026-09-03T09:09:48","date_gmt":"2026-09-03T09:09:48","guid":{"rendered":"https:\/\/ograsset.com\/?p=9959"},"modified":"2026-09-03T09:09:49","modified_gmt":"2026-09-03T09:09:49","slug":"nigerian-stocks-lose-n41-billion-as-large-caps-drag-market-lower","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/09\/03\/nigerian-stocks-lose-n41-billion-as-large-caps-drag-market-lower\/","title":{"rendered":"Nigerian stocks lose N41 billion as large caps drag market lower"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"619\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-16.png\" alt=\"\" class=\"wp-image-9960\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-16.png 975w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-16-300x190.png 300w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-16-768x488.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Trading on the Nigerian Exchange Limited (NGX) on Wednesday, reversed earlier gains with the equities market closing marginally lower as losses in large and medium-capitalised stocks outweighed broad-based buying interest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The All-Share Index (ASI) declined 63.46 points, representing a 0.03% loss, to close at 246,019.17 points, compared with 246,082.63 points in the previous session.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market capitalisation fell by approximately N41 billion to N158.915 trillion, while investor sentiment remained positive, with 33 stocks advancing against 29 decliners.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Market summary:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All-Share Index (ASI): 246,019.17 points, down 0.03%.<\/li>\n\n\n\n<li>Market capitalisation: N158.915 trillion, down N41 billion.<\/li>\n\n\n\n<li>Market breadth: 33 gainers vs 29 decliners.<\/li>\n\n\n\n<li>Trading volume: 426.840 million shares, down 34.47%.<\/li>\n\n\n\n<li>Market turnover: N28.438 billion.<\/li>\n\n\n\n<li>Total deals: 41,475.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Gainers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tripple Gee &amp; Company: up 10.00% to N2.86, from N2.60.<\/li>\n\n\n\n<li>Sovereign Trust Insurance: up 9.71% to N2.26, from N2.06.<\/li>\n\n\n\n<li>Oando: up 9.43% to N38.30, from N35.00.<\/li>\n\n\n\n<li>McNichols: up 9.09% to N5.40, from N4.95.<\/li>\n\n\n\n<li>NEM Insurance: up 7.99% to N34.45, from N31.90.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Top 5 Losers:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NASCON Allied Industries: down 10.00% to N175.50, from N195.00.<\/li>\n\n\n\n<li>Beta Glass: down 9.99% to N506.60, from N562.90.<\/li>\n\n\n\n<li>Academy Press: down 9.76% to N5.55, from N6.15.<\/li>\n\n\n\n<li>CWG: down 9.35% to N19.40, from N21.40.<\/li>\n\n\n\n<li>Learn Africa: down 9.20% to N7.90, from N8.70.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Driving the numbers:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The market\u2019s marginal decline was driven primarily by price depreciation in large and medium-capitalised stocks, including Beta Glass, NASCON Allied Industries, Stanbic IBTC Holdings, CWG and Access Holdings.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NASCON Allied Industries recorded the steepest decline among the major losers, falling 10.00% to N175.50, while Beta Glass shed 9.99% to N506.60.<\/li>\n\n\n\n<li>CWG also declined 9.35% to N19.40, while losses in Stanbic IBTC Holdings and Access Holdings added pressure to the broader market.<\/li>\n\n\n\n<li>On the upside, Tripple Gee &amp; Company led the gainers with a 10.00% advance to N2.86, followed by Sovereign Trust Insurance, which gained 9.71% to N2.26.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Oando rose 9.43% to N38.30, while McNichols and NEM Insurance gained 9.09% and 7.99%, respectively.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Volume and value contribution:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Trading activity weakened during the session, with total volume traded falling 34.47% to 426.840 million shares.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The shares were valued at N28.438 billion and exchanged in 41,475 deals.<\/li>\n\n\n\n<li>Access Holdings topped the activity chart by volume, with 33.220 million shares valued at N1.032 billion.<\/li>\n\n\n\n<li>Stanbic IBTC Holdings followed with 28.743 million shares worth N4.114 billion, while Sterling Financial Holdings Company traded 19.606 million shares valued at N150.242 million.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Chams Holding Company recorded 18.560 million shares worth N71.584 million, while Guaranty Trust Holding Company traded 15.078 million shares valued at N2.008 billion.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What you should know:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The marginal decline came despite positive market breadth, suggesting that buying interest remained relatively broad but was insufficient to offset losses in key large-cap stocks.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The session also marked a moderation in trading activity, with both volume and turnover declining sharply from the previous session.<\/li>\n\n\n\n<li>Cowry Assets Management Limited expects market sentiment to remain positive, supported by improved investor confidence following the FTSE Russell reclassification confirmation.<\/li>\n\n\n\n<li>The outlook suggests that investor confidence remains intact despite the day\u2019s marginal decline, with market participants continuing to position for further gains.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The immediate performance of large-cap stocks will remain important, as renewed buying interest in these counters could determine whether the ASI resumes its upward trajectory.<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/nairametrics.com\/2026\/09\/03\/nigerian-stocks-lose-n41-billion-as-large-caps-drag-market-lower\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Trading on the Nigerian Exchange Limited (NGX) on Wednesday, reversed earlier gains with the equities market closing marginally lower as losses in large and medium-capitalised stocks outweighed broad-based buying interest. The All-Share Index (ASI) declined 63.46 points, representing a 0.03% loss, to close at 246,019.17 points, compared with 246,082.63 points in the previous session. Market&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/09\/03\/nigerian-stocks-lose-n41-billion-as-large-caps-drag-market-lower\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":9960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/09\/image-16.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=9959"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9959\/revisions"}],"predecessor-version":[{"id":9962,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/9959\/revisions\/9962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/9960"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=9959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=9959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=9959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}