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The Nigerian stock market shed N2.4 trillion in its latest profit-taking wave. Institutional investors locked in returns from a record-breaking rally. Market valuations are hitting a temporary ceiling. Equity prices fell across key banking and industrial goods counters. Investors are recalibrating their risk exposure ahead of quarter-end results. This contraction tests local market resilience. Market…
A massive wave of profit-taking has punctured the long-running rally on the Nigerian Exchange. Investors looking to lock in recent gains wiped N5.15 trillion off the total market capitalisation in just the first four trading days of June 2026. The key market index dropped by 3.2 per cent to close at 242,227.31 basis points. This…
Nigeria’s equities market extended its winning streak to a fifth consecutive week, with the NGX All-Share Index leaping 7.33 per cent to close at 242,277.81 points but a sharp split in sectoral performance revealed that not all investors were sharing in the euphoria. Market capitalisation swelled by N10.66tn to reach N155.99tn, driven by aggressive…
The Nigerian Exchange added more than N10 trillion to its market value this week as investors chased industrial and consumer stocks. Total market capitalisation climbed to N155.994 trillion despite the trading floor closing on Wednesday for the Workers’ Day holiday. The All-Share Index rose by 7.33 per cent to close at 242,277.81 points. This surge…
The Nigerian equities market retreated on Wednesday as a wave of profit-taking in banking heavyweights halted a recent rally. The All-Share Index (ASI) shed 37 basis points to close at 200,925.75 points, wiping ₦476.73 billion off the total market value. While the year-to-date return remains a healthy 29.12 percent, the session’s bearish turn suggests that…
The Nigerian Exchange Limited closed Tuesday in negative territory, as investors moved to lock in gains from a sustained rally, triggering a broad sell-off that reversed Monday’s advances and shaved nearly three-quarters of a trillion naira from the market’s total value in a single session. The benchmark All-Share Index fell by 1,130.87 points, settling at…
