NGX week ending 27 August 2026: HMCALL extends run while insurance counters lead losers

The week's notable price action was skewed to the downside among small- and mid-cap names, with insurance counters (INTENEGINS -40.46%, ROYALEX -16.98%, VERITASKAP -13.64%) accounting for three of the five biggest decliners, while Haldane McCall (HMCALL) extended a multi-week advance with a further 16.48% gain. This followed a weak preceding week, in which the NGX All-Share Index fell 1.35% and market capitalisation dropped by about N2.1 trillion, with the Oil & Gas (-5.29%), Insurance (-3.55%) and Banking (-2.92%) indices all lower and 58 decliners against 18 gainers, leaving the year-to-date return at roughly 53.8% (dmarketforces/Legit.ng). Logistics and transport names were volatile in both directions, with Red Star Express (+9.86%) and Trans-nationwide Express (+8.54%) rebounding after hitting daily price limits in recent sessions. This digest is educational and factual only; it is not investment advice.

Top movers this week

• HMCALL (Haldane Mccall Plc) +16.48% — Haldane McCall has been the market's standout gainer through late August, repeatedly closing at the 10% daily limit (reaching N3.20 and then N3.52 in mid-August) and finishing the prior week as the best-performing NGX stock with a 32.3% rise, before adding a further 16.48% this week. (source)
• REDSTAREX (Red Star Express Plc) +9.86% — Red Star Express had led the NGX losers' chart with a maximum 10% single-day decline in mid-August; this week's 9.86% advance reverses part of that fall. The company published its 2026 annual report in July 2026. (source)
• UPL (University Press Plc) +9.38%
• TRANSEXPR (Trans-nationwide Express Plc) +8.54% — Trans-nationwide Express was the second-best performer of the previous week (+16.2%) after swinging between a 8.90% single-day gain and a 9.94% single-day loss, and it extended gains by 8.54% this week. (source)
• CORNERST (Cornerstone Insurance Plc) +7%

• INTENEGINS (International Energy Insurance Plc) -40.46% — International Energy Insurance has been under sustained selling pressure, repeatedly topping the daily losers' chart at the 10% limit and weighing on the insurance index, after its capital raise (launched as a N17.5 billion public offer) closed oversubscribed at N25.84 billion, with Nairametrics reporting that five investors took up about 65% of the offer. (source)
• ZICHIS (Zichis Agro Allied Industries Plc) -20.98% — Zichis Agro Allied Industries has been named among the medium- and large-cap stocks driving recent NGX sell-offs, including a 7.36% single-day drop in mid-August, and closed this week 20.98% lower. (source)
• FIDSON (Fidson Healthcare Plc) -18.97% — Fidson Healthcare's H1 2026 interim results, released in late July, showed strong sales growth but a build-up in trade receivables to about N26 billion, as reported by Nairametrics; the stock fell 18.97% this week. (source)
• ROYALEX (Royal Exchange Assurance) -16.98% — Royal Exchange traded below its 52-week low at about N1.00 during August alongside AVACAP and Oando, and lost a further 16.98% this week. (source)
• VERITASKAP (Veritas Kapital Assurance Plc) -13.64% — Veritas Kapital Assurance listed an additional 15 billion ordinary shares of 50 kobo each in August 2026, arising from a private placement priced at N1.00 per share, a supplementary listing the NGX flagged as affecting index and market-capitalisation movement. (source)

Upcoming ex-dividend dates

• HONYFLOUR (HONEYWELL FLOUR MILL PLC) — ₦0.2/share, ex-date 31 Aug
• UPL (UNIVERSITY PRESS PLC.) — ₦0.18/share, ex-date 31 Aug
• REDSTAREX (RED STAR EXPRESS PLC) — ₦0.45/share, ex-date 2 Sept
• LEARNAFRCA (LEARN AFRICA PLC) — ₦0.35/share, ex-date 14 Sept
• ACADEMY (ACADEMY PRESS PLC.) — ₦0.1/share, ex-date 17 Sept

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Educational weekly recap for the NGX — not investment advice. Figures and news are drawn from public sources linked above.