Nigerian Stocks Decline as Haldane McCall Surges 32.30%

For the week ending August 21, 2026, Nigerian equities continued their downward trend, with the benchmark NGX All-Share Index (ASI) declining by 3,268.04 points, or 1.35%, closing at 239,351.16 points, down from 242,619.20 points the previous week. Market capitalisation fell by 1.33% to N154.534 trillion, resulting in a month-to-date performance of -2.42%.

Despite this, the quarter-to-date return remained positive at +4.33%, and the year-to-date return was +53.81%. Haldane McCall emerged as the standout performer, increasing by 32.30% to close at N3.85 from N2.91.

The trading volume decreased sharply by 48.62% to 6.24 billion shares, down from 12.153 billion shares worth N176.058 billion traded the previous week. The NGX Oil & Gas Index fell 4.64%, while the NGX Insurance Index dropped 3.75%.

Trading in Universal Insurance Plc shares was suspended effective August 20, 2026. The ASI is now down 3.69% from its peak of 248,529.75 points recorded on August 10, 2026.