Nigerian All-Share Index closes 0.49% lower, ends 11-day winning streak
The Nigerian All-Share Index closed 941.2 points lower at 189,321.24 on 17 February 2026, ending an 11-day winning streak. Banking stocks drove the decline, with Zenith Bank leading losses at 10%. Trading activity increased to 1.19 billion shares. Top gainers included ABC Transport (+9.94%) and Zichis (+9.93%), while Sky Aviation (-10%) and Zenith Bank (-10%) were top losers. Market capitalization fell to N121.5 trillion. Experts suggest investors are reassessing direction after overbought signals. Will the index find support above 189,000 or face deeper retracement?