Investors lose N110.16 billion as NGX market cap drops to N162.39 trillion

Equity investors on the Nigerian Exchange lost N110.16 billion on Wednesday, 7 October 2026. Market capitalisation closed at N162.39 trillion, down from N162.495 trillion the previous session.

The NGX All-Share Index shed 176.75 points, or 0.07%, to settle at 250,096.75 points. The decline extended a consecutive losing streak on the exchange. For continuous coverage of Nigerian equities, see MarketPulse Africa.

Market Summary

Trading volume reached 446.91 million shares across 38,808 deals. Both volume and the number of deals were lower than the previous session. Value traded also declined.

Market breadth was negative. More stocks closed lower than higher. Sectoral weakness appeared in banking, consumer goods and oil and gas.

Sector and Stock Performance

The NGX Banking Index fell 0.36%. Consumer Goods dropped 0.08%. Oil and Gas lost 0.09%. Losses were recorded in stocks including Oando, Wema Bank, Transnational Corporation, Dangote Sugar, United Bank for Africa and Access Holdings.

Among individual decliners, Thomas Wyatt Nigeria fell 9.74%. Sovereign Trust Insurance dropped 7.60%. Livingtrust Mortgage Bank declined 7.25%.

Gainers were fewer. Tripple Gee led advances. Other stocks that recorded gains included CMFC and Champion Breweries. Related analysis of NGX price movements is available on the MarketPulse Africa blog.

Context of the Decline

The 7 October session continued a period of profit-taking after earlier gains that had lifted market capitalisation to record levels. The All-Share Index and capitalisation had reached new highs in the preceding weeks before the recent pullback.

Trading activity remained active despite the lower volume. Investors continued to reposition across sectors. Independent reports on the session are available from Nairametrics and Legit.ng.

Trading Activity Details

Zenith Bank featured among the most actively traded stocks by volume and value. Other names that contributed to turnover included Access Holdings and several insurance and industrial names.

The overall market remained sensitive to sector rotation and profit-taking after the strong run that had pushed capitalisation above N162 trillion. Further session data can be found in coverage by Daily Trust. Continued monitoring of daily NGX performance is available through MarketPulse Africa.

Looking Ahead

The N110.16 billion decline leaves market capitalisation at N162.39 trillion and the All-Share Index at 250,096.75 points. Subsequent sessions will show whether the multi-day retreat continues or whether buyers return to stabilise the market.

Investors will watch banking, consumer goods and oil and gas stocks for further direction, alongside broader liquidity and macroeconomic signals.