The Nigerian equities market extended its decline on Wednesday, August 19, 2026, with the All-Share Index (ASI) falling for a seventh consecutive trading session, as renewed selling pressure in oil and gas heavyweights, particularly Aradel Holdings, deepened the ongoing correction.
The NGX All-Share Index (ASI) declined 0.36% to close at 240,750.47 points, down from 241,611.23 points on Tuesday.
Market capitalisation fell to N155.42 trillion from N155.97 trillion, a loss of approximately N555.68 billion during the session.
The market’s year-to-date return moderated to 54.71%, though the NGX remains firmly positive for the year despite the correction, which has now pulled the index down from 248,529.75 points recorded on Monday August 10 before the recent pullback began the following day.
Market summary:
- All-Share Index (ASI): 240,750.47 points, down -0.36%.
- Market capitalization: N155.42 trillion, down -0.36%.
- Year-to-date (YTD) market return: +54.71%.
- Trading volume: 1.19 billion shares, up 177.65%.
- Market turnover (value traded): N37.82 billion, up 37.62%.
- Total deals: 34,546, down 3.19%.
- Market breadth: 27 stocks gained during the session, matched by 27 that declined.
Top 5 Gainers:
- Haldane McCall (HMCALL): up 10.00% to N3.52, from N3.20.
- Wapic Insurance: up 8.44% to N2.44, from N2.25.
- UAC Nigeria (UACN): up 6.56% to N177.85, from N166.90.
- AVA Capital: up 6.29% to N7.60, from N7.15.
- Caverton Offshore Support Group: up 5.32% to N4.95, from N4.70.
Top 5 Losers:
- International Energy Insurance: down 10.00% to N4.77, from N5.30.
- Aradel Holdings: down 9.99% to N1,374.20, from N1,526.80.
- Universal Insurance: down 9.41% to N0.77, from N0.85.
- Red Star Express: down 9.26% to N14.70, from N16.20.
- Royal Exchange: down 8.62% to N1.06, from N1.16.
Driving the numbers:
Aradel Holdings emerged as the session’s…
Source link
Read Full Article by Kelechi Mgboji at nairametrics.com
Source link
