Nigerian Exchange NGX Loses N1.334 Trillion Amid Profit-Taking

On October 9, 2026, the Nigerian Exchange NGX reported a significant decline of N1.334 trillion amid ongoing profit-taking activities. The market capitalization of listed equities fell by 0.82 percent, decreasing from N162.385 trillion to N161.051 trillion.

The NGX All Share Index also dropped by 2,054.25 basis points, closing at 248,042.50 points, down from 250,096.75 points the previous day. This negative performance was primarily influenced by losses in major stocks, including MTN Nigeria, Aradel Plc, UBA, Eterna Plc, Cutix, and CMFC.

The market breath was negative, with 26 advancers compared to 30 decliners, resulting in a year-to-date return of 59.40 percent. Etranzact led the gainers with a 10 percent increase, closing at N12.10 per unit, while Aradel Plc and Eterna Plc topped the losers' chart, each dropping by 10 percent.

Trading volume rose by 45.23 million shares, totaling 492.23 million shares traded, with a transaction value of N38.02 billion across 38,711 deals.