Nigerian stocks extended their decline on Wednesday as continued selling pressure pushed the NGX All Share Index down 402.25 points to 238,682.92. Market capitalisation also fell by N259.04 billion, with banking, insurance, consumer goods and oil and gas stocks contributing to the broader market weakness.
The Nigerian stock market extended its decline on Wednesday, August 26, 2026, as continued selling pressure pushed the NGX All-Share Index down by 402.25 points to 238,682.92 points, from 239,085.17 points recorded on Monday.
The market had remained closed on Tuesday following the Federal Government’s declaration of a public holiday for the 2026 Eid-el-Maulud celebration.
Equity market capitalisation also declined by N259.04 billion to N154.14 trillion, while the Central Bank of Nigeria maintained its Monetary Policy Rate at 26.50 per cent.
The downturn was broad based, with the banking, insurance, consumer goods and oil and gas sectoral indices all recording losses. Zenith Bank fell 2.13 per cent to N119.40 per share, while Guaranty Trust Holding Company declined 0.08 per cent to N127.60.
Despite the bearish market, some stocks recorded strong gains. Neimeth International Pharmaceuticals led the gainers, rising 9.66 per cent to N7.95, followed by NEM Insurance, which gained 6.67 per cent to N32.00. Regency Alliance Insurance advanced 6.25 per cent to 85 kobo.
On the losers’ side, Fidson Healthcare fell 9.99 per cent to N84.20, while FTN Cocoa Processors declined 9.94 per cent to N7.79. International Energy Insurance also dropped 9.74 per cent to N3.15.
Trading remained active, with more than 733.25 million shares exchanged in 49,116 deals. First HoldCo recorded over 88.9 million shares traded, while Access Holdings followed with 32.6 million shares.
Overall, Wednesday’s session reflected continued weakness in Nigerian equities, with the benchmark index and market capitalisation falling further amid broad-based selling pressure.
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