NGX Continues Bearish Turn Amid Sustained Profit-Taking

November 6, 2026/United Capital Report

Market Summary:

 

  • Today, the Nigerian Exchange Market closed on a negative note largely due to share price depreciation in ZENITHBANK (-2.17%) and MTNN (-1.53%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.33% to settle at 248,877.22 points
  • Year to date returns fell to close at 59.93%
  • Market capitalisation also fell by 0.33% to close at N161.59tn ($119.98bn)
  • Activity level in the market declined with the total value and volume of stocks traded falling by 63.74% and 55.90% to settle at N26.87bn and 377.66mn units, respectively

 

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