Equities Investors Lose N719bn as Banking Stocks Decline

Equities investors lose N719bn as banking stocks decline

Equities investors on the Nigerian Exchange Limited (NGX) lost N718.95bn on Wednesday as renewed sell-offs in banking stocks, including FirstHoldco, Guaranty Trust Holding Company (GTCO), Zenith Bank and FCMB, dragged the market lower. The market’s All-Share Index declined by 1,107.28 basis points, representing a 0.44 per cent drop, to close at 252,882.78 points. Consequently, market capitalisation fell to N164.19tn from its previous level. The …

Nigerian stocks lose N719 billion as First Holdco, others drag market down

Nigeria’s stock market fell 0.44% as First Holdco and other financial stocks declined, wiping N719 billion off market capitalisation amid widespread profit-taking.

First Holdco, Others Sink Stock Exchange by 0.44%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited tasted defeat on Wednesday after it closed lower by 0.44 per cent as a result of profit-taking in the financial services ecosystem. It was observed that the banking arm of the financial services space was the worst hit, as it shed 2.36 per cent, while the insurance […]

NGX All-Share Index Falls 0.44% To 252,882.78 As First HoldCo Drops 10%

The Nigerian Exchange (NGX) closed lower on Wednesday as the All-Share Index declined 0.44 percent to 252,882.78 points with First HoldCo Plc falling 10 percent to lead losses among equities. The benchmark index dropped 1,107.28 points from 253,990.06 points recorded on October 27, reversing part of the gains accumulated earlier in the week. Equities market […]

NGX stocks shed N718.95 billion in midweek bearish run as ASI dips 1,107 points

The Nigerian equities market reversed recent gains on Wednesday, October 28, 2026, erasing N718.95 billion in equity market value.

Stock Market Loses N719bn To Profit-taking Activity

  Bearish sentiment weighed on the Nigerian equities market as the All-Share Index (ASI) declined by 1,107.28 points, representing a 0.44 per cent decrease. The ASI fell from 253,990.06 to 252,882.78, indicating mild profit-taking following the previous session’s strong advance, although the index remained above the 250,000-point threshold. Consequently, equity market capitalisation decreased by approximately […]