Nigeria Fear & Greed Index
What emotion is driving the NGX right now? How we calculate it →
Overview
Historical Timeline
Prev Close
35
1 Week Ago
23
1 Month Ago
28
1 Year Ago
68
Last updated 2026-07-20 (NGX close) · FEAR
NGX Fear & Greed Components
MOMENTUM
Market Momentum
NGX ASI 125-Day Moving Average
It's useful to look at how the market is performing compared to recent months. When the NGX All-Share Index (ASI) is above its average over the past 125 trading days, it signals strong upward momentum. But if it falls below that average, it suggests investors are becoming cautious.
STRENGTH
Stock Price Strength
Number of NGX Stocks Near 52-Week Highs
A few large stocks can dominate the market's performance, so it's helpful to see how most stocks are doing. This looks at how many stocks in the NGX All-Share Index are near their 52-week highs versus those near their 52-week lows. When many more stocks are hitting highs than lows, it's a bullish sign and points to Greed.
BREADTH
Market Breadth
Advance / Decline Volume (Smoothed)
The market has many stocks, and each day some go up while others go down. This measure counts how many stocks are rising versus falling. When more stocks are falling than rising, it signals weakness, and the Fear & Greed Index interprets this declining breadth as a sign of Fear.
VOLATILITY
Volatility Index
NGX All-Share Index Realized Volatility
Volatility shows how wildly the NGX All-Share Index moves up and down. Big swings signal uncertainty and Fear, while calmer markets usually indicate confidence. The Fear & Greed Index treats rising volatility as a sign of Fear.
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Fear & Greed Index — NaijaTicker
What is the NaijaTicker Fear & Greed Index?
The NGX Fear & Greed Index is a sentiment gauge built specifically for the Nigerian Stock Exchange (NGX), using momentum, strength, breadth, and market volatility. Scores range from 0 (extreme fear) to 100 (extreme greed). Tracking market sentiment can help investors recognize when their own decisions might be driven by emotion rather than fundamentals.
How is the index calculated?
We combine four indicators: NGX Momentum (price vs 125-day MA), Stock Strength (number of stocks near 52W highs), Market Breadth (advance/decline stocks), and Volatility (NGX All-Share Index volatility). Each is normalized and equally weighted.
How do I use the Fear & Greed Index?
The Fear & Greed Index shows how investors are feeling about the market. People often act on emotions, and tracking fear and greed can help you recognize when your own decisions might be influenced by them. Used alongside fundamentals and other analysis, the Index gives a quick snapshot of overall market sentiment.
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