A sharp divergence defined trading on the Nigerian Exchange today, Tuesday, April 28, 2026: while the NGX All Share Index fell 1.69% to 1,597.63, FTN Cocoa Processors surged 10.0% to NGN 5.50, making it one of the session’s clearest outperformers. The move came as global cocoa prices rose 4.9% to $3,377.0, while Brent crude dropped 3.8% to $104.08 a barrel, a macro mix that encouraged rotation away from some heavyweight financial names and into selected commodity-linked stocks.
That contrast matters because the market did not collapse across the board. Breadth was perfectly split at 34 gainers, 34 losers and 7 unchanged stocks out of 75 counters. Yet the index still fell heavily because large-cap decliners did most of the damage, including UBA down 10.0% to NGN 44.55, Access Holdings down 7.5% to NGN 26.10, and Nestlé Nigeria down 4.6% to NGN 3,100.0, based on the verified session data.
Key figures
- NGX ASI: 1,597.63 (-1.69%)
- FTN Cocoa: NGN 5.50 (+10.0%)
- Cocoa: $3,377.0 (+4.9%)
- Brent: $104.08 (-3.8%)
- USD/NGN: 1,371.42 (+1.46%)