NG All-Share Index closes lower at 196,463.2 after profit-taking
The Nigerian All-Share Index closed at 196,463.2 on March 4, 2026, down 0.08% from the previous close of 196,621.9. This 158.7-point decline reflects profit-taking after recent gains toward the 200,000 psychological mark. Market activity moderated with 805 million shares traded across 71,312 deals, down from 879.9 million shares in the prior session. Top gainers included Premier Paints (+10.00% to N12.10) and Fortis Global Insurance (+9.73% to N1.24). Top losers were Jaiz Bank (-10.00% to N10.80) and Dangote Sugar Refinery (-10.00% to N74.70). Despite the daily decline, the index remains bullish long-term toward 200,000. Any pullback is expected to be shallow, with renewed buying in large-cap stocks potentially driving further gains.