Equities Investors Lose N2.28trn as Nigerian Market Tumbles
Equities investors lost N2.28 trillion as the stock market continues to reprice overbought stocks, and sentiment deteriorated for the third trading session in June 2026.
According to trading data obtained from the Nigerian Exchange (NGX), key performance indicators plunged by 144 basis points as investors continue to trim positions.
The NGX All-Share Index (ASI) fell significantly, losing 1.44% to settle at 243,132.61 points, pulling the year-to-date return down to +56.24%.
The risk-off sentiment erased ₦2.28 trillion from market capitalisation, which closed at ₦155.94 trillion. The local bourse lost N1.81 trillion on Monday, and N478 billion, which would have been much higher but for N21 billion additional shares listed.
Trading activity was varied, as volume and turnover climbed 28.41% and 44.25% to 922.97 million shares and ₦42.27 billion, respectively.
Meanwhile, deal count slipped 3.28% to 69,332 transactions. Heading into Thursday’s session, the market is expected to sustain its bearish tone as continued profit-taking activity weighs on investor sentiment
Market breadth was broadly negative at 0.35x, as 43 decliners led by WAPIC, ZICHIS, JOHNHOLT, LEARNAFRICA, and CONHALLPLC.
The local bourse has 15 advancers on record. Top gainers include ABBEYBDS, INTENEGINS, TRIPPLEG, UNIVINSURE, and ROYALEX.
Sectoral performance was largely negative across the board, as Insurance (-2.76%), Industrial (-1.55%), Banking (-1.53%), Consumer Goods (-0.28%), and Oil & Gas (-0.05%) all finished in negative territory, while the Commodity sector ended flat.
