Nigerian Equities Decline by N256 Billion Amid Bearish Trend

On October 7, 2026, Nigeria's domestic equities continued their bearish trend, shedding N256 billion, resulting in a market capitalization of listed equities declining by 0.16 percent to N162.495 trillion from N162.751 trillion the previous day. The NGX All Share Index also fell by 394.36 basis points, closing at 250273.50 points, down from 250667.86 points.

The market breadth was negative, with 26 advancers compared to 34 decliners, bringing the year-to-date return down to 60.83 percent. Tripple G led the gainers with a 9.77 percent increase, closing at N2.81 per unit, followed by Livestock Feeds at 9.74 percent, closing at N10.74 per unit.

Conversely, CMFC topped the losers' chart, dropping by 9.88 percent to N3.65 per unit. The volume of trades decreased by 269.136 million shares, a 31.72 percent drop, with 579.254 million shares traded, and the value of transactions fell by 9.38 percent to N36.810 billion.