Nigerian Stock Market Declines by N256 Billion in October
On October 6, the Nigerian stock market experienced a decline, marking its fifth consecutive losing session. The NGX All-Share Index (ASI) decreased by 394.36 points, or 0.16%, closing at 250,273.50 points, down from 250,667.86 points.
This decline resulted in a total market capitalization loss of N256 billion, bringing it down to N162.495 trillion from N162.751 trillion in the previous session. The downturn was attributed to ongoing sell-offs by investors, particularly impacting the banking sector, which recorded significant losses.
Trading volume also saw a decrease, with 579.17 million shares traded in 40,979 deals, reflecting a 33.83% decline compared to the previous session. The market has been in decline since September 29.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NGX Market Declines as 41 Stocks Close Lower
Nigerian Exchange Limited Loses N425bn Amid Profit-Taking
NGX Market Cap Drops 0.50% Amid Reduced Trading Activity
NGX Market Wrap 6 Oct 2026 | Plus234Feed
NGX Loses N5.42 Trillion in 20-Day Market Correction
Nigerian Stock Market Declines by N468.6 Billion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
