NGX sheds N256 billion as five-day losing streak deepens
The Nigerian equities market has extended its losing streak to five consecutive trading sessions, with investors losing another N256 billion on Tuesday, October 6, 2026. The post NGX sheds N256 billion as five-day losing streak deepens appeared first on Nairametrics .
The Nigerian equities market continued its five-day losing streak, with investors suffering a further N256 billion loss on Tuesday, October 6, 2026. The market capitalisation dropped to N162.495 trillion from N162.751 trillion the previous day. The NGX All-Share Index (ASI) fell by 0.16%, or 394.36 points, to close at 250,273.50 points, down from 250,667.86 points.
Over 579 million shares were traded in 40,979 deals on Tuesday, marking a 33.83% decrease in trading volume from 875.26 million shares exchanged on the prior session. A total of N256 billion worth of market value was lost, with trading activity concentrated among tier-1 banking equities, led by Access Holdings Plc's liquidity activity.
Notable trading volume drivers included United Bank for Africa Plc, Zenith Bank Plc, Fidelity Bank Plc, and Guaranty Trust Holding Company Plc. Main Board transactions accounted for 294 million shares, while Premium Board equities generated 270 million shares. The market showed negative breadth, with 34 equities declining against 26 that rose. Sectoral performance exhibited significant disparities across industry groups.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
