October 16, 2026/United Capital Report
Market Summary:
- Today, the Nigerian Exchange Market closed on a negative note largely due to share price depreciation in GTCO (-2.27%) and ZENITHBANK (-1.33%)
- As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.07% to settle at 247,539.73 points
- Year to date returns fell to close at 59.07%
- Market capitalisation also fell by 0.07% to close at N160.73tn ($120.64bn)
- Activity level in the market was negative with the total value and volume of stocks traded falling by 14.64% and 10.12% to settle at N13.07bn and 257.73mn units, respectively.