Stock market reverses bullish trend as investors lose N726bn

The Nigerian stock market closed on a negative note on Tuesday, March 10, 2026, reversing the gains recorded in the previous trading session as investors lost N726 billion.

This followed a three-day bullish streak in the market.

The downturn was driven by selloffs in stocks such as Mutual Benefits, NASCON, Red Star Express, Austinlaz, SCOA, and 39 other declining equities.

Market capitalisation fell by 0.57 per cent, shedding N726 billion from an opening value of N126.583 trillion to close at N125.857 trillion.

The All-Share Index declined by 1,130.87 points or 0.57 per cent, dropping from 197,196.98 to close at 196,066.11.

This led to the Year-To-Date (YTD) return declining to 26 per cent, while the market breadth closed negative, recording 44 losers against 33 gainers.

Nascon and Mutual Benefits Assurance led the losers’ chart by 10 per cent each, finishing at N147.60 and N4.59 per share, respectively.

Red Star Express dropped by 9.94 per cent, ending the session at N28.55, Austinlaz fell by 9.88 per cent, settling at N3.74, while SCOA shed by 9.85 per cent, closing at N27.90 per share.

Naira trades N1,401/$ at official market

Conversely, Premier Paints led the gainers’ chart by 9.97 per cent, settling at N17.65, Conoil trailed by 9.95 per cent, closing at N204.40, and Sunu Assurances gained by 9.95 per cent, ending the session at N4.75 per share.

Daar Communications added by 9.84 per cent, finishing at N2.01, while Eterna soared by 9.56 per cent, closing at N51 per share.

The market activity was down for the day, with total volume traded down by 2.06 per cent to 746.85 million, valued at N27.85 billion across 65,275 transactions.

Access Corporation recorded the highest volume with 80.26 million shares traded, accounting for 10.75 per cent of the day’s total volume.

Zenith Bank recorded the highest value at N3.29 billion, accounting for 11.82 per cent of value traded for the day.

The Star