Nigerian equities closed lower for a second consecutive session on Friday, November 6, 2026, with investors losing roughly N540 billion in a single day, according to data reported by Legit.ng.
The report attributes the drop to selling pressure in major banking, telecommunications and industrial stocks. Some selected equities did gain, particularly in the insurance sector, but not enough to offset the losses.
The numbers
At the close of trading, the NGX All-Share Index (ASI) slipped from 249,710.59 points to 248,877.22 points. Market capitalisation dropped from N162.134 trillion to N161.593 trillion. The year-to-date return eased to 59.93%.
Trading activity also cooled. A total of 377.66 million shares worth N26.87 billion changed hands in 32,666 deals, which represents a 55.90% decline in volume compared with the previous session.
A negative week
For the week, between November 2 and November 6, investors lost approximately N3.52 trillion in market value, according to the same report. The market's weekly performance was therefore negative as sell-offs continued.
An extracted summary of the report names MTN Nigeria, Zenith Bank and GTCO among the stocks that declined. That naming comes from a summary of the report, while the article text itself refers broadly to banking, telecoms and industrial stocks.
