Banks led the NGX lower for a second straight session
Access Holdings, Zenith Bank and First HoldCo each lost about 5% between 9 and 13 October, while Stanbic IBTC rose 5%. No cause has been reported.
Bank stocks led the Nigerian Exchange lower for a second session in a row on Tuesday, 13 October.
The NGX All-Share Index closed at 247,513.63, down 0.09%, according to the First Securities market wrap. That followed a 0.25% fall on Monday.
How the big banks moved
These are official closing prices from the NGX Daily Official List, comparing Friday 9 October with Tuesday 13 October:
- ACCESSCORP: ₦29.50 to ₦28.00 (-5.1%)
- ZENITHBANK: ₦134.70 to ₦128.00 (-5.0%)
- FIRSTHOLDCO: ₦143.65 to ₦136.85 (-4.7%)
- GTCO: ₦131.50 to ₦127.70 (-2.9%)
Stanbic IBTC went the other way, rising from ₦160.00 to ₦168.00 (+5.0%).
Why it happened
No cause has been reported for the selling, and we won't guess one.
What to watch
Q3 bank results are next. Access Holdings' board meets on 29 October to consider its Q3 numbers, and its audited H1 results are still waiting on regulatory approval.
Sources
- NGX Daily Official List, Equities, 13/10/2026
- NGX Daily Official List, Equities, 09/10/2026
- First Securities market wrap, 13 October 2026
Not financial advice. Do your own research.
