WED JUNE 17 2026-theGBJournal| Nigeria’s equities market extended losses on Tuesday, with the benchmark All-Share Index declining 0.50% to 241,984.80 points as investors booked profits in banking and consumer goods heavyweights.
The pullback trimmed the market’s year-to-date return to 55.50%, from 56.29% in the previous session, while market capitalization shed N780 billion to close at N155.20 trillion.
The downturn was driven largely by selling pressure in bellwether stocks, including GTCO Holdings Plc, which fell 7.11%, Vitafoam Nigeria Plc, down 10.00%, and United Bank for Africa Plc, which lost 3.72%.
Their declines outweighed gains in Conoil Plc, which advanced 9.79%, Neimeth International Pharmaceuticals Plc, up 9.74%, and eTranzact International Plc, which gained 9.40%.
Trading activity presented a mixed picture. Total volume traded slipped 5.89% to 535.53 million shares, although the value of transactions rose 17.19% to N36.84 billion, indicating increased participation in higher-value counters.
Sterling Financial Holdings Company led the volume chart with 100.90 million shares changing hands, while UAC of Nigeria Plc emerged as the most actively traded stock by value, accounting for transactions worth N9.11 billion.
Investor sentiment weakened further as market breadth closed at 0.53 times, with decliners outnumbering gainers.
International Energy Insurance Plc topped the laggards with a 10.00% drop, while Conoil posted the strongest gain, rising 9.79%.
Meanwhile, the NASD Over-the-Counter market also ended lower, with the NASD Security Index falling 0.48% to 4,333.35 points. Market capitalization declined by a similar margin to N2.59 trillion.
Activity on the alternative exchange was mixed, as total traded volume dropped 30.63%, while the value of transactions increased 16.49%. Investors exchanged 688,290 shares valued at N45.65 million across 31 deals.
Market breadth remained weak, with no advancing stocks recorded during the session. SDMRS led the three decliners, losing 11.11% to rank as the day’s worst-performing stock.
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