Nigerian equities lose N469 billion as banking stocks drag market lower
Nigerian equity market capitalization shed N468.63 billion to close at N163.530 trillion on Tuesday, September 29, 2026, as trading activity on the Nigerian Exchange (NGX) closed on a bearish note despite substantial liquidity. The post Nigerian equities lose N469 billion as banking stocks drag market lower appeared first on Nairametrics .
On Tuesday, September 29, 2026, the Nigerian equities market saw a sharp decline, losing N469 billion and bringing the market capitalization down to N163.530 trillion. Despite high trading activity, with 548.65 million shares exchanged in 47,203 transactions, the banking, industrial goods, and consumer goods stocks led the market lower.
The NGX All-Share Index closed at 251,913.20 points, down 0.29% from Monday's close of 252,635.11 points. The NFP Microfinance Bank and LivingTrust Mortgage Bank saw gains, while Unilever Nigeria, NEIMETH, and International Breweries experienced declines. Overall market breadth closed negative with 32 equities depreciating against 27 gainers.
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