Nigerian stocks close week in red as NGX dips by N108.7 billion
Trading activities on the floor of the Nigerian Exchange Limited (NGX) closed on a bearish note on Friday, October 16, 2026, as Market Capitalisation of listed equities lost N108.70 billion (or 0.07%), declining from N160.83 trillion recorded on Thursday, October 15, to close at N160.73 trillion. The post Nigerian stocks close week in red as NGX dips by N108.7 billion appeared first on…
Nigerian stocks concluded the week on a downward trajectory, with the NGX experiencing a decline of N108.7 billion, marking a 0.07% decrease in market capitalization. The All-Share Index (ASI) also saw a 0.07% drop, closing at 247,539.73 points after reaching a high of 247,736.24 points on Monday and a low of 247,513.63 points on Tuesday.
Trading activity closed with investors exchanging 257,669,053 shares in 31,972 deals, a 10.12% decrease from the previous session's 286.68 million shares. Notable price reductions were seen in heavyweights like Guaranty Trust Holding Company (-2.27%), Stanbic IBTC Holdings (-2.14%), and Zenith Bank (-1.33%), pulling the NGX Banking Index down to 2,532.47 points.
However, strong buying interest in technology, printing, and select Tier-2 financial counters helped cushion the market, preventing a broader rout.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
