Nigerian Equity Market Declines by N256 Billion on October 8

On October 8, 2026, the Nigerian equity market closed with a bearish trend, resulting in a decline of N256 billion. This led to a decrease in market capitalization of listed equities to N162.495 trillion from N162.751 trillion the previous day, marking a 0.16 percent drop.

The NGX All Share Index also fell by 394.36 basis points, closing at 250273.50 points, down from 250667.86 points traded on October 7, 2026. The market breadth was negative, with 26 stocks advancing against 34 declining, bringing the year-to-date return down to 60.83 percent.

Among the gainers, Tripple G led with a 9.77 percent increase, closing at N2.81 per unit, followed by Livestock Feeds at 9.74 percent to close at N10.74 per unit. Conversely, CMFC topped the losers' chart with a 9.88 percent drop, closing at N3.65 per unit, while ABC Transport followed with a 9.70 percent decline, also closing at N3.65 per unit.