Nigerian Stock Market Loses N534bn as Banking Shares Slide

30 Stocks Lead Nigerian Exchange to 0.33% Week-on-Week Loss

By Dipo Olowookere The Nigerian Exchange (NGX) Limited recorded a 0.33 per cent week-on-week loss last week after 30 stocks were in the red, lower than the 53 stocks recorded in the preceding week. In the week, 50 equities appreciated versus 24 equities in the previous week, and 66 shares closed flat, in contrast to […]

Inflation falls, but ₦535bn vanishes from Nigeria’s stock market - NewsTmes.com.ng

Nigeria’s stock market has suffered another weekly setback, shedding more than ₦535 billion in investor wealth despite a fourth consecutive monthly decline in headline inflation, as losses in major banking and telecommunications stocks outweighed gains in selected sectors. Data from the Nigerian Exchange Limited (NGX) showed that the market closed lower for the third straight week, …

Nigerian Stock Market Loses N534bn as Banking Shares Slide

Nigeria’s stock market losses continued for a third consecutive week, with investors losing approximately N534 billion in market value as declines in major banking shares outweighed gains in the oil and gas sector. The Nigerian Exchange Limited (NGX) All-Share Index fell by 0.33 per cent week-on-week to close at 247,539.73 points on Friday, 16 October. […] The post Nigerian Stock Market Loses N534bn as Banking Shares Slide appeared first on Insi…

NGX Falls 0.33% Despite 50 Stocks Gaining Last Week

The Nigerian Exchange closed lower last week despite a significant improvement in market breadth as gains across a larger number of stocks failed to prevent the benchmark index from declining. The NGX All-Share Index fell 0.33 percent to 247,539.73 points in the week ended October 16, 2026 from 248,363.55 points a week earlier. The decline […]

NGX Trading Value Falls N60.2bn As Market Capitalisation Drops To N160.7tn

Trading on the Nigerian Exchange Limited (NGX) weakened during the week as the value of equities traded fell by N60.192bn, while the market’s benchmark index declined by 0.33 per cent amid reduced investor activity. Investors exchanged 1.659 billion shares valued at N98.09bn in 184,632 deals during the week, compared with 2.715 billion shares worth N158.28bn […] NGX Trading Value Falls N60.2bn As Market Capitalisation Drops To N160.7tn is first …

Investors Lose N534bn As Banking, Telecom Sell-offs Drag Equities Lower

The Nigerian equities market closed the week on a bearish note with a decline of N534 billion, as renewed sell-offs in selected stocks weighed on overall market performance. Accordingly, the benchmark NGX All-Share Index (ASI) declined by 0.33 per cent week-on-week (WoW) to close at 247,539.73 points, while market capitalisation decreased by N534 billion to […]