The Nigerian All-Share Index closed the trading session of March 10, 2026, on a negative note, falling by 1,130.9 points to settle at 196,066.1.
This marks a 0.57% decline from the previous close of 197,197.0, as trading momentum continued to soften.
As a result, market capitalization slipped below the N126 trillion mark, closing at N125.8 trillion, reflecting the day’s broader decline in share prices.
Market activity also weakened, with total volume dropping to 746.8 million shares traded across 65,275 deals, slightly below the 762 million shares recorded in the prior session.
What the data is saying
Market sentiment turned bearish on 10 March 2026, with the year-to-date return slipping to 26.00% from 26.72% in the previous session.
- Despite the broader decline, selective buying emerged in a few counters, with Premier Paints and Conoil gaining 9.97% and 9.95% respectively.
- On the downside, profit-taking weighed on Mutual Benefits Assurance and Nascon Allied, both of which declined by 10%.
In terms of trading volume, Access Holdings led with 80.2 million shares, followed by Mutual Benefits at 52.6 million and Fortis Global at 41.3 million shares.
- Zenith Bank (35.3 million) and Jaiz Bank (31.5 million) also recorded notable activity.
By value, Zenith Bank topped turnover at N3.29 billion, followed by Aradel (N3.2 billion), Access Holdings (N2 billion), Oando (N1.55 billion), and MTN (N1.5 billion), highlighting where investor interest was most concentrated.
Top 5 Gainers
- Premier Paints — up 9.97% to N17.65
- Conoil — up 9.95% to N204.40
- Sunu Assurances — up 9.95% to N4.75
- Daar Communications — up 9.84% to N2.01
- Eterna — up 9.56% to N51.00
Top 5 Losers
- Mutual Benefits — down 10.00% to N4.59
- Nascon Allied — down 10.00% to N147.60
- Red Star Express — down 9.94% to N28.55
- Austin Laz — down 9.88% to N3.75
- SCOA — down 9.85% to N27.90
SWOOTs Performance
Among the SWOOTs—stocks valued above N1 trillion—performance was bearish during the session.
- Wema Bank fell 5.19%, Lafarge declined 4.76%, MTN Nigeria slipped 2.15%, Nigerian Breweries dropped 1.13%, while Stanbic IBTC shed 0.15%.
- On the gainers’ side, International Breweries led the pack, rising 2.04%.
FUGAZ Performance
FUGAZ stocks also leaned bearish during the session.
- UBA declined 1.17%, while GTCO fell 0.85%.
- On the positive side, Zenith Bank edged up 0.11%, while First Holdco and Access Holdings closed flat.
What you should know
The market’s decline may persist depending on whether large-cap stocks continue retracing after the index tested the 197,000 level in the previous session.
- This marks the sharpest drop since February 24, when the market shed 1,779 points.
- However, a renewed wave of buying in large-cap counters could help steer the index back toward a bullish path.
