NGX stocks shed N103.6 billion as bearish pressure drives All-Share Index to weekly low
Bearish sentiment dominated trading on the Nigerian Exchange Limited (NGX) on Thursday, October 22, 2026, as equity market capitalisation dropped by N103.60 billion in a single session. The post NGX stocks shed N103.6 billion as bearish pressure drives All-Share Index to weekly low appeared first on Nairametrics .
On Thursday, October 22, 2026, the Nigerian Exchange Limited (NGX) experienced a bearish trading session, resulting in a significant drop in equity market capitalisation. The market capitalisation fell by N103.60 billion, closing at N159.048 trillion from N159.152 trillion the previous day. The benchmark NGX All-Share Index (ASI) declined by 159.55 points (0.065%) to finish at 244,956.94 points, marking the lowest level of the week.
This single-day loss continued a broader weekly decline, with the market capitalisation standing at N160.725 trillion and the ASI reaching a week-high of 247,539.73 points on Friday, October 16.
Investors traded a total of 360,706,232 equities shares across 31,355 deals during the session. The NGX Banking Index declined from 2,456.31 to 2,452.40 points, while the NGX Insurance Index and NGX Consumer Goods Index also experienced losses. Major financial services firms, including Zenith Bank Plc, Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Wema Bank Plc, and Nigerian Exchange Group Plc, saw significant price drops.
Meanwhile, select stocks such as AVA Capital Plc and PZ Cussons Nigeria Plc advanced, but the overall negative sentiment across equity boards led to a substantial sell-off, resulting in 360,706,232 shares traded and 31,355 deals executed.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
