NGX Market Capitalisation Falls by N103.6 Billion

On October 22, 2026, the Nigerian Exchange Limited (NGX) faced bearish pressure, resulting in a decline of N103.60 billion in equity market capitalisation, which closed at N159.048 trillion, down from N159.152 trillion the previous day. The benchmark NGX All-Share Index (ASI) decreased by 159.55 points (0.065%) to finish at 244,956.94 points, the lowest for the week.

This decline continued a broader trend from October 16, when the market capitalisation was N160.725 trillion and the ASI reached a week-high of 247,539.73 points. During this session, investors traded 360,706,232 equities across 31,355 deals, with 22 declining stocks outnumbering 16 gainers.

Major contributors to the downturn included Zenith Bank Plc (-0.41%), Guaranty Trust Holding Company Plc (-0.33%), United Bank for Africa Plc (-0.24%), Wema Bank Plc (-3.33%), and Nigerian Exchange Group Plc (-4.69%). Despite some gains from AVA Capital Plc (+9.85%) and PZ Cussons Nigeria Plc (+8.58%), the overall market sentiment remained negative, reflected in the declines across various indices.