Nigerian Stocks Fall 0.97% As Banking, Oil Shares Lead Declines

Nigerian Stocks Fall 0.97% As Banking, Oil Shares Lead Declines

Nigerian stocks fell for a second week as losses in banking, oil and other large sectors pushed the market lower. The NGX All-Share Index declined 0.97% to 248,363.55 points in the week ended October 9, while market capitalization fell to ₦161.26 trillion. The benchmark remained up 59.60% in 2026 despite the weekly decline. The NGX 30 lost 0.99%, while the Premium Index fell 0.64%.

54 firms drag down equities’ capitalisation by N1.58trn

By Peter Egwuatu At the backdrop of profit taking in 54 companies’ stocks the stock market closed at the weekend shaving off N1.582 trillion from its capitalization. The market capitalisation closed at N161.26 trillion, down from N162.842 trillion the previous week. Consequently, the Nigerian Exchange Limited, NGX, All Share Index, ASI, declined by 0.97% to […]

NGX Rally Loses Momentum As 54 Stocks Fall, Banking Drops 2.6% Last Week

The rally that has lifted Nigerian equities by almost 60 percent this year showed further signs of losing momentum last week as selling pressure spread across the Nigerian Exchange Limited (NGX), pushing 54 stocks lower and dragging the banking sector down 2.64 percent. The NGX All-Share Index fell 0.97 percent to 248,363.55 points in the […]

NGX closes lower as All-Share Index drops 0.97%, market capitalisation falls to N161.26trn

The Nigerian Exchange closed lower as the All-Share Index fell 0.97%, market capitalisation dropped to N161.26 trillion, and 54 equities declined during the week.

Stocks Record N1.58trn Weekly Lose Amid Broad Sell-off

The Nigerian equities market closed the week on a bearish note, as renewed sell-offs across selected stocks weighed on overall market performance. The benchmark NGX All-Share Index (ASI) declined by 0.97 per cent week-on-week (WoW) to close at 248,363.55 points, while market capitalisation shed N1.58 trillion to close the week at N161.26 trillion. Consequently, the […]