Equities Market Sustained Bearish Trend on Monday as Investors Lost N275bn on NGX; BDC Rate Depreciated to N1,420/US$1
Sanapshot
The Nigerian equities market closed Monday, March 30, 2026, on a negative note, extending the previous session’s losses, as investors selloff stocks like MAYBAKER (-9.42%), WAPCO (-3.26%), ZENITHBANK (-2.86%), DANGSUGAR (-2.79%), GTCO (-0.99%), WEMABANK (-0.76%), and 28 others. As such, the benchmark All-Share Index (ASI) fell 0.21% to settle at 200,484.43 points, down from 200,913.06 points on Friday.
Total market capitalisation decreased by N275.15bn to close at N128.69trn, while the ASI year-to-date (YTD) return eased to 28.84%.
Market breadth reflect the bearish sentiment, with 34 decliners against 27 gainers. AUSTINLAZ topped the gainers’ chart, while NSLTECH led the decliners. Meanwhile, TRANSEXPR, TIP, NAHCO, and EUNISELL all traded above their 52-week highs at N2.84. N21.70, N189.90 and N169.95, respectively.
The Proshare Memorandum Index also closed bearish, with the price-weighted return down 0.21% to close at 1,232.35 points from 1,234.88 points in the previous session, while the float-adjusted return decreased by 0.66% to settle at 871.99 points, down from 877.81 points, suggesting a down performance among higher-float equities.
Volume and Value Contribution
ACCESSCORP recorded the highest volume, with 86.64m units traded, accounting for 19.39% of the volume traded for the day, while FIRSTHOLDCO recorded the highest value, at N4.26bn, accounting for 19.39% of the value traded for the day. FIRSTHOLDCO and NSLTECH accounted for 6.13% and 5.19% of total volume, respectively, while ZENITHBANK and NESTLE followed FIRSTHOLDCO in traded value.
NGX Earnings Summary
Stock market data
Corporate Results
No Financial Statement was released on the NGX website today.
NGX Corporate News
For an analysis of the NGX-listed equities, click here.
1.2 NASD OTC Exchange – Unlisted Equities
Similarly, the unlisted NASD Securities Index (NSI) closed bearish on Monday, extending the previous sessions’ losses, down 2.14% to 4,109.74 points from 4,199.69 points on Friday.
The total volume traded decreased to 21.34m, valued at N651.10m, across 38 deals.
At the close of trading, the NASD OTC recorded four (4) gainers and four (4) losers.
1.3 Global Indices
The global indices closed higher on Monday, with Brazil’s Bovespa leading the gainers’ chart. For more updates on the Global scene, click here.
1.4 African Indices
The prices in the African market are relatively favourable today. For the latest data and updates, please kindly click here.
2. Bonds and Fixed-Income Markets
2.1 Debt Market Size
The Debt Market Size was unavailable at the time of publishing this report.
Market trends analysis
2.2 Overnight and Open Repo (OPR)
The Overnight and Open Repo rates were unavailable while preparing the report.
3.1 AFEX Indices
On Monday, at the AFEX market, ACI and AEI closed flat at N40.68 and N32.22, respectively. Data on AFEX Indices can be accessed here.
3.2 AFEX Commodity Prices
For commodities at the AFEX Market on Monday, paddy rice, maize, sorghum, and soybeans fell by 3.91%, 0.92%, 0.49%, and 0.27%, respectively, to close at N375.25, N338.33, N295.52, and N714.27. 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 Monday, closing at N140,000.00 per gram, N50,000.00 per 50kg, and N55,000 per 50kg, respectively.
3.4 Global Commodity Prices
In the global commodity market, Gold and Silver rose 0.83% and 1.10% respectively, to close at US$4,530.94 and US$70.54. Brent and WTI crude futures also advanced 9.67% and 2.76%, respectively, to close at US$115.50 and US$102.43 as at 02:01 PM GMT on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on Israel.
The average BDC rate depreciated 0.35% to N1,420/USD from N1,415/USD, while the NFEM rate closed at N1,380.58/USD in the last market day. For updates on the Nigerian FX Market, kindly click here.
Market trends analysis by the Proshare
