Nigerian Exchange's All-Share Index Falls Below 250,300 Points

On October 6, the Nigerian Exchange's equities market continued its downward trend, marking the fifth consecutive session of losses. The All-Share Index decreased by 394.36 points, or 0.16 percent, closing at 250,273.50 points.

The overall market capitalization fell by N256 billion, settling at N162.496 trillion. This decline was attributed to price depreciation in significant stocks such as First Holdco, Unilever Nigeria, Fidson Healthcare, Ecobank Transnational Incorporated, and Stanbic IBTC Holdings.

Market analysts noted a prevailing bearish sentiment and profit-taking behavior among investors, leading to a negative investor sentiment where 34 stocks lost value compared to 26 gainers. Tripple Gee & Company saw the highest gain of 9.77 percent, closing at N2.81 per share, while Critical Minerals Financing Corporation led the losers, dropping 9.88 percent to close at N3.65.

Total trading volume decreased by 33.8 percent to 579.25 million units, valued at N36.07 billion across 41,072 deals, with Access Holdings leading in activity.