The Nigerian equities market extended its bearish trajectory into a new week on Monday, August 17, 2026, with the benchmark NGX All-Share Index (ASI) declining 0.07% to close at 242,454.65 points, down from 242,619.20 points in the previous session.
Market capitalisation fell to N156.52 trillion from N156.62 trillion, erasing approximately N106.24 billion in investor wealth.
The market’s year-to-date return moderated to 55.81%, as selling pressure in banking and insurance stocks continued to weigh on the index, even as select mid-cap names staged a modest recovery from the previous week’s sell-off.
Market summary:
- All-Share Index (ASI): 242,454.65 points, down -0.07%.
- Market capitalization: N156.52 trillion, down -0.07%.
- Year-to-date (YTD) market return: +55.81%.
- Trading volume: 1.33 billion shares, down 5.89%.
- Market turnover (value traded): N22.93 billion, down 49.40%.
- Total deals: 45,494, up 16.25%.
- Market breadth: 18 stocks gained during the session, while 36 declined.
Top 5 Gainers:
- Trans-Nationwide Express: up 9.86% to N3.12, from N2.84.
- AVA Capital: up 9.72% to N7.90, from N7.20.
- Thomas Wyatt Nigeria: up 9.09% to N3.00, from N2.75.
- Legend Internet: up 8.75% to N4.35, from N4.00.
- Dangote Sugar Refinery: up 8.60% to N70.10, from N64.55.
Top 5 Losers:
- RT Briscoe: down 9.91% to N10.45, from N11.60.
- Fortis Global Insurance: down 9.89% to N2.37, from N2.63.
- McNichols Plc: down 9.62% to N4.70, from N5.20.
- UPL Plc: down 9.35% to N4.85, from N5.35.
- NEM Insurance: down 8.83% to N30.45, from N33.40.
Driving the numbers:
NGX Group emerged as the session’s biggest heavyweight drag, tumbling 4.11% to close at N133.10 from N138.80, shedding N5.70 per share, one of the market’s bellwether-stocks given its market weight.
- Stanbic IBTC Holdings declined 3.16% to N156.10, losing N5.10 per share, adding…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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