Nigerian stock market loses 206 billion naira in a week
By the AFREEQUE newsroom, based on ThisDay
The Nigerian Exchange’s market capitalisation fell by 206 billion naira in a week to 160.52 trillion naira, while its benchmark index lost 0.97%. Profit-taking in Aradel Holdings and other stocks weighed on the market, with 55 stocks down against 20 up, reports ThisDay.
The market capitalisation of the Nigerian Exchange fell by 206 billion naira over the past week to 160.52 trillion naira, while the Nigerian Exchange All-Share Index lost 0.97% to close at 247,222.27 points, according to ThisDay. Profit-taking, particularly in Aradel Holdings, weighed on the market.
The stock market’s return since the start of 2026 consequently stood at 58.87%. The trend remained negative, with 55 stocks falling against 20 rising. ABC Transport recorded the biggest gain, rising 20.7% to 7.30 naira per share. Omatek Ventures saw the steepest decline, falling 12.5% to 1.40 naira.
Investors traded 2.024 billion shares, worth a total of 110.773 billion naira, in 173,113 transactions. The previous week, 1.659 billion shares worth 98.088 billion naira were traded in 184,632 transactions. Financial services led trading volumes, with 1.111 billion shares traded for 53.908 billion naira.
Analysts cited by ThisDay said that expected corporate results, valuations, dividends and investor sentiment would influence the market’s direction amid a changing macroeconomic environment. The weekly decline follows the publication of a report on the Nigerian stock market’s growth in the first nine months of the year.
