Trading activities on the floor of the Nigerian Exchange Limited (NGX) closed on a bearish note on Friday, October 16, 2026, as Market Capitalisation of listed equities lost N108.70 billion (or 0.07%), declining from N160.83 trillion recorded on Thursday, October 15, to close at N160.73 trillion.
Concurrently, the benchmark All-Share Index (ASI) fell by 167.40 points (or 0.07%) from 247,707.13 points to close at 247,539.73 points.
Across the trading week, the index touched a high point of 247,736.24 points on Monday, October 12, before reaching its weekly lowest of 247,513.63 points on Tuesday.
Total equity trading activity closed with investors exchanging 257,669,053 shares valued across 31,972 deals.
Heavyweights including Guaranty Trust Holding Company (-2.27%), Stanbic IBTC Holdings (-2.14%), Zenith Bank (-1.33%), Sterling Financial Holdings (-0.58%), and United Bank for Africa (-0.35%) experienced notable price reductions, pulling the NGX Banking Index down from 2,556.46 to 2,532.47 points.
Strong buying interest in technology, printing, and select Tier-2 financial counters, such as Thomas Wyatt Nigeria (+10.00%), eTranzact International (+9.84%), and Fidelity Bank (+4.73%), helped cushion the drop and prevented a broader market rout.
Sectoral performance across the Nigerian Exchange on October 16, 2026, reflected a pronounced split between declining financial tracking benchmarks and resilient non-financial sectors.
Similarly, the NGX Lotus Islamic Index rose from 23,164.84 points to 23,183.59 points, while the NGX Industrial Index edged up slightly from 10,442.87 points to 10,442.95 points.
Meanwhile, the NGX Oil/Gas Index closed virtually flat at 6,194.00 points compared to 6,194.16 points in the prior session.
