NGX slips to weekly low as All-Share Index eases through Thursday

The Nigerian Exchange had a soft week. On Thursday 22 October, the All-Share Index fell 0.065% to 244,956.94 points, its lowest close of the week. Market capitalisation was N159.048 trillion, down from N160.725 trillion on Friday 16 October, when the index hit a week-high of 247,539.73. Another report said the index lost about 0.39% over Wednesday and Thursday, and market capitalisation fell by about N620 billion. Data for Friday 23 October was not available when this digest was written.

Top movers this week

• AVACAP (AVA Capital Plc) +20.83%: No news was found that explains this week's move. For background, AVA Capital listed 5 billion shares on the NGX Main Board by introduction in August 2026, at a market value of N37.5 billion. A listing by introduction issues no new shares. (source)
• ABCTRANS (Associated Bus Company Plc) +20.66%
• MULTITREX (MULTITREX) +20%
• THOMASWY (Thomas Wyatt Plc) +18.18%
• CAVERTON (Caverton Offshore Support GRP Plc) +17.07%: No news was found that explains this week's move. For background, BusinessDay reported in August that Caverton's second-quarter 2026 losses narrowed as its marine business grew. Q1 2026 revenue was N6.09 billion, down 32.2% from a year earlier. (source)

• UPDCREIT (UPDC Real Estate Investment Trust) -25.53%
• UPL (University Press Plc) -13%
• SOVRENINS (Sovereign Trust Insurance Plc) -11.36%
• NPFMCRFBK (NPF Micro Finance Bank Plc) -10.87%
• VITAFOAM (Vitafoam Nigeria Plc) -10%

Upcoming ex-dividend dates

• ZENITHBANK (Zenith Bank PLC): ₦1.5/share, ex-date 23 Oct
• GUINNESS (Guinness Nigeria PLC): ₦7/share, ex-date 30 Oct

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Educational weekly recap for the NGX. Not investment advice. Figures and news come from the public sources linked above.