Zenith Bank and MTN Drive Market Activity Amid Index Dip

On February 26, 2026, the Nigerian All-Share Index experienced a decline of 0.41%, closing at 193,567.8 points, slipping below the 194,000 mark. This represented a decrease of 802.4 points from the previous day's close of 194,370.2.

The bearish sentiment was particularly evident in large-cap bank stocks, contributing to a trading volume dip to 868 million shares, down from 1.38 billion shares in the prior session. Market capitalization also fell to N124.2 trillion across 69,310 deals, a decrease from N124.7 trillion.

Zenith Bank (NGX: ZENITHBANK) and MTN led the market in value turnover, with Zenith Bank recording N4.05 billion and MTN Nigeria N3.07 billion. The year-to-date return for the share index stood at 24.39%.

Notable decliners included Lafarge, which fell 8.21%, and Jaiz Bank (NGX: JAIZBANK), which shed 9.98%.