Nigerian Stock Market Declines as ASI Falls 0.03%

On September 2, 2026, the Nigerian stock market closed lower, ending a four-session winning streak, as the NGX All-Share Index (ASI) fell by 0.03% to 246,019.17 points from 246,082.63 points the previous day. This decline was attributed to sell-offs in significant stocks, including NASCON, Beta Glass, Access Holdings, Fidelity Bank, and Stanbic IBTC.

Consequently, the market capitalization decreased by approximately N40.99 billion, with the year-to-date return weakening to 58.10%. Despite the overall decline in the benchmark index, market breadth remained positive, with 34 equities advancing against 29 decliners, indicating continued buying interest across the market.

A total of 426.84 million shares valued at N28.44 billion were traded in 41,475 deals, although trading activity weakened, with total volume traded declining by 34.47% compared to the previous session.