Amaechi Raphael Chinedu

@Official_ARC·6h

The NGX bounced back 0.26% today, and it wasn't the banks doing the lifting

Tuesday's close: the All-Share Index rose 0.26% (+632.79 pts) to 245,911.13, a day after Monday's 0.91% drop. Market value grew about ₦410.86bn to ₦159.67trn. Year to date, the index is up about 58%. The interesting part is where the gains came from. Industrial and consumer goods stocks carried the day while the big banks slipped. On the consumer side, $NASCON jumped 7.31% to ₦183.50 and $UNILEVER rose 5.83% to ₦109.00, lifting the Consumer Goods Index to 4,042.08. On the industrial side, HBM Nigeria climbed 6.76% to ₦379.00, and the Industrial Index recovered from 10,140.51 to 10,258.95, winning back part of Monday's Dangote Cement-led fall. Banks went the other way. Zenith Bank (-0.40%), GTCO (-0.41%), Access Holdings (-0.54%) and Sterling (-2.66%) all slipped, and the Banking Index eased from 2,497.01 to 2,493.34. Even so, $UBA was the most traded stock of the day with about 48.14m shares. Breadth turned positive: 28 stocks rose and 21 fell. Austin Laz (+9.97% to ₦3.53), ABC Transport (+9.92% to ₦6.65) and Cutix (+9.91% to ₦2.33) led the gainers, while Livestock Feeds (-9.76% to ₦17.10), Guinea Insurance (-7.78% to ₦0.83) and NPF Microfinance (-5.75% to ₦4.10) led the losers. Volume was steady at 348.69m shares, but across fewer deals: 32,588, down from 43,115 on Monday. Why it matters: one green day doesn't make a trend, but it's a reminder that the index is a mix of sectors that don't always move together. On a day when banks dipped, food and household names still pulled the market up. Coming up: Zenith Bank's ₦1.50 interim qualifies Friday, Oct 23, the same day the PZ Cussons scrip dividend election closes. The Dangote Refinery IPO closes Oct 27. Curious which sectors your own portfolio leans on? Add it on Gopexly and see your daily moves next to the market. Not financial advice, just the close.