Investors Lose N5.15 Trillion in Nigeria's Stock Market

In the first four trading days of June 2026, investors in Nigeria's stock market experienced a significant loss of N5.15 trillion, attributed to profit-taking activities on major blue-chip stocks, notably MTN Nigeria Communications PLC. The market capitalization at the beginning of June was N160.509 trillion, which fell to N155.359 trillion, marking a decline of 3.21 percent.

This downturn included a loss of N1.8 trillion as investors reacted to profit-taking in companies such as BUA Cement PLC, Red Star Express PLC, First Holdco PLC, Oando PLC, and Zenith Bank PLC. The Nigerian Exchange (NGX) All-Share Index (ASI) decreased by 3.3 percent, closing at 242,227.31 basis points.

Market analysts urged investors to adopt a cautious trading approach, noting the absence of clear catalysts to drive market momentum. The overall market sentiment remains fragile, with expectations of continued subdued trading activity.