The Nigerian equities market extended its bearish trajectory into the third straight week on Monday, August 24, 2026, losing N137.12 billion as sustained profit-taking in selected large-cap stocks continued to weigh on the benchmark index, ahead of the Eid-Ul-Mawlid public holiday on Tuesday.
The benchmark NGX All-Share Index (ASI) declined 0.11% to close at 239,085.17 points, down from 239,351.16 points in the previous session on Friday, August 21, 2026, while the market’s year-to-date return moderated to 53.64%.
Market capitalisation fell to N154.40 trillion from N154.53 trillion, erasing approximately N137.12 billion in investor wealth.
Market summary:
- All-Share Index (ASI): 239,085.17 points, down -0.11%.
- Market capitalization: N154.40 trillion, down -0.11%.
- Year-to-date (YTD) market return: +53.64%.
- Trading volume: 668.72 million shares, up 60.49%.
- Market turnover (value traded): N23.83 billion.
- Total deals: 45,894.
- Market breadth: 19 stocks gained during the session, while 31 declined.
Top 5 Gainers:
- Red Star Express: up 9.86% to N16.15, from N14.70.
- University Press: up 9.38% to N5.25, from N4.80.
- UPDC: up 5.97% to N3.55, from N3.35.
- Haldane McCall: up 3.90% to N4.00, from N3.85.
- SUNU Assurances Nigeria: up 3.33% to N3.10, from N3.00.
Top 5 Losers:
- International Energy Insurance: down 9.82% to N3.49, from N3.87.
- Neimeth International Pharmaceuticals: down 9.38% to N7.25, from N8.00.
- Fidelity Bank: down 6.00% to N18.80, from N20.00.
- Guinea Insurance: down 5.19% to N0.73, from N0.77.
- NPF Microfinance Bank: down 4.82% to N3.95, from N4.15.
Driving the numbers:
The session’s losses were driven by declines in selected heavyweight stocks, with Fidelity Bank recording the steepest decline among notable large-cap names, tumbling 6.00% to N18.80 from N20.00.
- TIP fell 3.75%, Dangote Sugar declined…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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