Market Moderates as Investors Lock in Gains

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

February 24, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in BUAFOODS (-9.99%) and MTNN (-2.56%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.90% to settle at 194,484.61 points
  • Year to date returns fell to 24.98%
  • Market capitalisation also fell by 0.90% to close at N124.83tn ($92.52bn)
  • Activity level in the market was mixed with the total value of stocks traded rising by 92.58% to settle at N53.35bn. Meanwhile, the total volume of stocks traded fell by 4.94% to settle at 1.14bn units.

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