Nigerian Exchange Loses N256bn in Fifth Bearish Session

On October 7, 2026, the Nigerian Exchange's Equities Market extended its losing streak to five consecutive sessions, with the NGX All-Share Index declining by 0.16% to close at 250,273.50 points. This downturn resulted in a reduction of market capitalisation by N256 billion, bringing it to N162.496 trillion.

Analysts attributed the decline to sustained risk-off sentiment, profit-taking, and weaker trading activity, as selling pressure increased. Imperial Asset Managers Limited indicated that investor sentiment remains cautious, with 34 losers outpacing 26 gainers.

Notable gainers included Tripple Gee & Company, which rose by 9.77% to N2.81 per share, and Livestock Feeds, which gained 9.74% to close at N10.70. Conversely, Critical Minerals Financing Corporation led the losers with a 9.88% decline to N3.65.

The total trading volume decreased by 33.8% to 579.25 million units, valued at N36.07 billion across 41,072 deals.