Snapshot
The Nigerian equities market extended its bearish trend into the last trading day of the week on Friday, August 14, 2026, extending losses from the previous session, as profit-taking in large-cap stocks dragged the benchmark index lower despite buying interest across several counters. INTENEGINS emerged as the session’s top gainer, while FTGINSURE recorded the steepest decline.
The benchmark NGX All-Share Index (ASI) declined by 0.16% to close at 242,619.20 points, down from 243,017.38 points recorded on Thursday. Consequently, the market capitalisation dropped by approximately N257.06bn, while the market’s year-to-date (YTD) return moderated to 55.91%.
The bearish performance was largely driven by losses in selected heavyweight stocks, with DANGSUGAR (-7.79%), ETI (-5.41%), NB (-2.44%), FIDELITYBK (-2.27%), NEM (-1.77%), UBA (-1.09%), and WEMABANK (-0.67%), among the major losers.
However, the broader market remained under pressure, as 30 equities declined compared with 21 gainers. The negative market breadth reflected broad-based selling pressure during the session, with declines across key counters outweighing gains recorded in selected stocks and contributing to the market’s bearish close. Meanwhile, AVACAP traded below its 52-week low from N8.25 to N8.10.
The Proshare Memorandum Indexes closed bullish for the day, with the market cap-weighted index up by 0.07% to close at 1,379.03 points from 1,378.11 points, while the total return float-adjusted index increased 0.17% to 1,125.00 points from 1,123.09 points.
Volume and Value Contribution
Market activity weakened during the session, as total volume traded decreased by 66.64% to 1.41bn, valued at N45.31bn across 39,134 deals. FTGINSURE recorded the highest volume with 874.08m units traded, accounting for 61.83% of the day’s volume, while MTNN recorded the highest value at N31.37bn, accounting for 69.24% of the value traded for the day. CORNERST and UNIVINSURE accounted for 7.09% and 4.01% of the total volume, while FIRSTHOLDCO and FTGINSURE followed MTNN in traded value.
NGX Earnings Summary
Corporate Results
- Legend Internet Plc Q2 2026 Financial Statement – NGX
NGX Corporate News
- Dangote Sugar Refinery Plc Result of Rights Issue – NGX
- Guinea Insurance Plc Press Release: Recapitalisation Completion – NGX
- Universal Insurance Plc Announcement – NGX
- VFD Group Plc Directors’ Dealings – NGX
- Regency Alliance Insurance Plc Update on Recapitalisation – NGX
For more analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
The unlisted NASD Securities Index (NSI) was unavailable as of when filing this report.
1.3 Global Indices
Global equities closed lower on Friday, as major stock markets registered broad-based declines. Brazil’s Bovespa led the weakest-performing major index, ending the session at 165,610.69 index points. For more updates on the global scene, click here.
1.4 African Indices
The prices in the African market were relatively favourable today. For the latest data and updates, please click here.
2. Bonds and Fixed-Income Markets
2.1 Debt Market Size
The Debt Market Size was unavailable at the time of this report’s publication.
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable at the time of preparing the report.
3.1 AFEX Indices
On Friday, the AFEX Commodities Index (ACI) closed flat at 43.08 index points while the Export Index (AEI) also closed flat at 37.88 index points. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
At the AFEX Commodity Exchange on Friday, all commodity prices were unchanged. Click here to access more data on AFEX commodity prices.
3.3 LCFE Commodity Price(s)
Eko Gold, Premium Eko Rice, and Eko Rice Classic prices at the Lagos Commodities and Futures Exchange (LCFE) remained unchanged on Friday, closing at N140,000.00 per gram, N47,000.00 per 50kg, and N55,000 per 50kg, respectively.
3.4 Global Commodity Prices
Gold and Silver increased by 0.50% and 1.02%, respectively, to close at US$4,385.13 and US$65.46. Brent and WTI crude futures advanced 0.45% and 0.20%, respectively, to close at US$87.46 and US$81.41 as of 03:17 PM GMT on Friday, but set for weekly gains after the U.S. threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.
The average BDC rate closed Flat at N1,420/USD, while the NFEM rate strengthened 0.003% to N1,357.61/USD from N1,357.65/USD. For updates on the Nigerian FX Market, kindly click here.
Disclaimer
This Daily Market Report (DMR) is prepared based on research, market information, and data gathered and analysed in line with best global practices. It is provided for informational and educational purposes only.
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