Nigerian stocks close week in red as NGX dips by N108.7 billion

Nigerian equities closed the week lower on Friday, 16 October 2026, as the NGX fell by N108.7 billion. Market capitalisation of listed stocks slipped 0.07% from N160.83 trillion on Thursday, 15 October, to end the day at N160.73 trillion. The All-Share Index (ASI) dropped 167.40 points (0.07%) to 247,539.73, following a weekly high of 247,736.24 on Monday and a low of 247,513.63 on Tuesday. For the full day, investors traded 257,669,053 shares across 31,972 deals. Over the week, volume eased 10.12%. Banking leaders including Guaranty Trust Holding Company (-2.27%) and Zenith Bank (-1.33%) weighed on the NGX Banking Index, while technology and select Tier-2 financial counters helped limit losses.