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Stock market dips 0.57% to 196,066 as sentiment turns bearish

The Nigerian All-Share Index closed the trading session on March 10, 2026, on a negative note, falling by 1,130.9 points to settle at 196,066.1.

The decline represents a 0.57 per cent drop from the previous close of 197,197.0, as trading momentum continued to soften across the market.

Market capitalisation slipped below the N126 trillion mark, closing at N125.8 trillion, reflecting the day’s broader decline in share prices.

Trading activity also weakened during the session, with total volume dropping to 746.8 million shares traded across 65,275 deals.

This volume figure was slightly below the 762 million shares recorded in the prior trading session, indicating cautious participation from investors.


Market sentiment turned bearish, with the year-to-date return slipping to 26 per cent from 26.72 per cent in the previous session.

Despite the broader decline, selective buying emerged in a few counters, with Premier Paints and Conoil gaining 9.97 per cent and 9.95 per cent respectively.

On the downside, profit-taking weighed on Mutual Benefits Assurance and Nascon Allied, both of which declined by 10 per cent during the session.

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In terms of trading volume, Access Holdings led the activity chart with 80.2 million shares exchanged, followed by Mutual Benefits at 52.6 million shares.

Fortis Global rounded out the top three volume leaders with 41.3 million shares changing hands during the trading day.

By value, Zenith Bank topped turnover at N3.29 billion, followed by Aradel at N3.2 billion and Access Holdings at N2 billion.

Among SWOOTs, the exclusive group of stocks valued above N1 trillion, performance was bearish with Wema Bank falling 5.19 per cent and Lafarge declining 4.76 per cent.

International Breweries provided a bright spot among the heavyweight stocks, rising 2.04 per cent during the session.

The stock market dip marks the sharpest drop since February 24, when the market shed 1,779 points in a single trading session.

The decline may persist depending on whether large-cap stocks continue retracing, though a renewed wave of buying could help steer the index back toward a bullish path.

Ogungbayi Faesol
Ogungbayi Faesol
Faesol is a creative writer specialising in business and technology stories. A graduate of the News Round The Clock Internship Programme, he brings over 3 years experience in producing engaging coverage of emerging trends, tech innovation, lifestyle features and more.

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