The Nigerian Exchange ended trading on 26 May 2026 in the red, shedding 1,386.2 points to close at 249,738.8, with Dangote Sugar and Transcorp Power leading decliners.

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Tracked by the All-Share Index, the downturn pushed the benchmark below the 250,000 level, as trading volume fell to 563 million units from 629 million previously.

Market capitalization also eased to N160.09 trillion after 65,666 deals from N160.9 trillion, reflecting a net loss of about N810 billion and the negative price action across equities.

Activity showed Zenith Bank led value at N4.4 billion, while Access Holdings topped volume with 80.6 million shares traded.

What the data is saying 

Trading sentiment veered into negative territory on 26 May 2026, with year-to-date return slipping to 60.49% from 61.38% in the previous session.

  • On the gainers’ chart, Austin Laz and McNichols led the board, each advancing 10.00% apiece.
  • However, large-cap counters came under pressure, as Dangote Sugar and Transcorp Power topped the losers’ chart with declines of 10.00% and 9.97% respectively.

In trading activity, Access Holdings led the volume chart with 80.6 million shares exchanged, reflecting sustained investor participation.

It was followed by Zenith Bank and Mutual Benefits, which recorded 33.8 million and 31.8 million shares respectively, while further down the activity list Neimeth and Sterling Bank posted 22.2 million and 22.1 million shares.

On the value chart, Zenith Bank led with N4.4 billion, ahead of Aradel at N4.2 billion, while MTN Nigeria (N2.8 billion), Access Holdings (N1.9 billion), and GTCO (N1.8 billion) also featured prominently.

Top 5 Gainers 

  • Austin Laz — up 10.00% to N4.40
  • McNichols — up 10.00% to N7.92
  • International Energy Insurance — up 9.89% to N4.11
  • Learn Africa — up 9.44% to N12.75
  •  Haldane McCall — up 8.06% to N3.89

Top 5 Losers 

  • Dangote Sugar — down 10.00% to N78.30
  • Transcorp Power — down 9.97% to N245.50
  • The Initiates — down 9.85% to N27.45
  •  Abbey Mortgage Bank — down 9.49% to N6.20
  •  Fidelity Bank — down 9.05% to N21.60

SWOOTs Performance 

Among stocks worth over one trillion naira (SWOOTs), performance was largely negative as Dangote Sugar fell 10.00% and Transcorp Power declined 9.97%, while Nigerian Breweries shed 1.16% and Wema Bank eased 0.59%.

FUGAZ Performance

Within the FUGAZ banking group, sentiment skewed negative as First Holdco fell 3.50%, GTCO shed 3.01%, Access Holdings declined 1.60%, and UBA slipped 1.01%.

Only Zenith Bank bucked the trend, edging up 0.04%.

What you should know 

  • NGX Banking Index fell 1.83%, while Insurance declined 1.41%, Consumer Goods slipped 0.77%, and Oil and Gas eased marginally by 0.14%. Industrial Goods, however, closed flat.
  • At 249,738.8, the NGX All-Share Index reflects an overbought market tone, with potential for further downside pressure if bearish sentiment in large-cap stocks persists.