Nigerian Stock Market Loses N4.91 Trillion in June 2026

In the first trading week of June 2026, the Nigerian stock market experienced a significant depreciation of N4.91 trillion, closing at N155.593 trillion, down from N160.509 trillion. This decline was marked by consistent downward movement across five trading days, with profit-taking particularly affecting blue-chip stocks such as MTN Nigeria Communications PLC, BUA Cement PLC, and Zenith Bank PLC.

The market capitalization dropped by N1.8 trillion due to investor profit-taking, leading to a total decline of N2.28 trillion over three consecutive days. The NGX All-Share Index (NGX ASI) fell by 3.11 percent, closing at 242,593.31 basis points, compared to 250,385.47 basis points the previous week.

Analysts expressed mixed feelings about the N4.8 trillion week-over-week drop, with Tajudeen Olayinka noting that traditional buy-side market dynamics were impacted by large institutional investors grappling with risks. David Adnori, Vice President of Highcap Securities, stated that the bearish state of the equity market coincided with the commencement of the T+1 settlement cycle.