Nigerian Equities Market Loses N137.12 Billion on August 24

On August 24, 2026, the Nigerian equities market extended its bearish trend for the third consecutive week, losing N137.12 billion as profit-taking in selected large-cap stocks persisted ahead of the Eid-Ul-Mawlid public holiday. The benchmark NGX All-Share Index (ASI) decreased by 0.11% to close at 239,085.17 points, down from 239,351.16 points on August 21, 2026.

Market capitalisation fell to N154.40 trillion from N154.53 trillion. Notably, Fidelity Bank experienced the most significant decline, dropping 6.00% to N18.80.

Conversely, Access Holdings rose by 1.85% to N27.50, and NGX Group increased by 1.61% to N126.00. The market breadth was negative, with 31 decliners outpacing 19 advancers.

Trading volume surged by 60.49% to 668.72 million shares, valued at N23.83 billion across 45,894 deals. FTG Insurance led in volume with 206.72 million units traded, while First HoldCo recorded the highest value at N7.90 billion.

The ASI has now declined significantly from its peak of 248,529.75 points on August 10, 2026.