The Nigerian equities market continued its bearish trend on Thursday, marking eight consecutive sessions of losses. The NGX All-Share Index fell 0.30% to close at 240,037.80 points, as investors continued aggressive profit-taking. Market capitalisation dropped by N440.33 billion to N154.98 trillion, bringing the total value lost over the eight-day period to approximately N5.44 trillion.

Heavyweight stocks, particularly in the Oil & Gas and banking sectors, led the decline. Aradel Holdings was a primary drag, falling 5.40%, while UBA, Access Holdings, Zenith Bank, and GTCO also closed in the red. The Oil & Gas sector remains the worst performer during this correction, down roughly 7% since August 14. Despite the sustained pullback, the market maintains a year-to-date gain of 54.3%.