NGX All-Share Index Drops 1,779 Points to 194,484.6
The Nigerian Exchange (NGX) All-Share Index fell 1,779 points to close at 194,484.6 on 24 February 2026, marking its first weekly loss. The index slipped below key psychological levels of 196,000 and 195,000, ending a four-session winning streak and reducing year-to-date returns from 26.12% to 24.98%. Trading activity remained robust with 1.13 billion shares exchanged, though down from the previous session. BUA Foods led the decline with a 9.99% drop, while gainers included Jaiz Bank (+10.00%) and Infinity Mortgage Bank (+9.83%). Market capitalization fell below N125 trillion to N124.8 trillion. Investors are reassessing positions amid overbought conditions, with select large-cap stocks like Zenith Bank (+4.55%) showing resilience.