Resuming after the Eid-Ul-Mawlid public holiday, the Nigerian equities market extended its bearish run on Wednesday, August 26, 2026, as sustained selling pressure across insurance, banking, consumer goods and oil & gas stocks wiped out approximately N259.76 billion, marking the 11th consecutive session of losses.
The benchmark NGX All-Share Index (ASI) declined 0.17% to close at 238,682.92 points, down from 239,085.17 points recorded in the previous session, extending the market’s slide further away from its psychological 240,000-point support level.
Consequently, market capitalisation fell to N154.14 trillion from N154.40 trillion, as investors continued locking in gains following the market’s strong rally earlier in the month, even as the market’s year-to-date return remained firmly positive at 53.38%.
Market summary:
- All-Share Index (ASI): 238,682.92 points, down 0.17%.
- Market capitalisation: N154.14 trillion, down 0.17%.
- Market value lost: Approximately N259.76 billion.
- Month-to-Date & Year-to-Date returns: -2.7% and +53.38%, respectively.
- Volume: 733.35 million shares, up 9.67%.
- Value: N34.52 billion, up 44.90%.
- Deals: 49,210, up 7.23%.
- Market breadth: 17 gainers vs 41 losers.
Top 5 Gainers:
- Neimeth International Pharmaceuticals: up 9.66% to N7.95, from N7.25.
- NEM Insurance: up 6.67% to N32.00, from N30.00.
- Regency Alliance Insurance: up 6.25% to N0.85, from N0.80.
- Linkage Assurance: up 5.62% to N1.88, from N1.78.
- Critical Minerals Financing Corporation (CMFC): up 2.84% to N2.90, from N2.82.
Top 5 Losers:
- Fidson Healthcare: down 9.99% to N84.20.
- FTN Cocoa Processors: down 9.94% to N7.79.
- International Energy Insurance: down 9.74% to N3.15.
- Livestock Feeds: down 9.43% to N7.20.
- Omatek Ventures: down 9.42% to N1.25.
Driving the numbers:
The market’s decline was largely driven by renewed…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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