…The weekly decline was largely driven by heavy losses in BUACEMENT, which dropped 10.00%, DANGSUGAR, down 8.11%, and WEMABANK, which also lost 10.00%.
SAT JUNE 27 2026-theGBJournal| Nigeria’s equities market ended the week in negative territory as broad-based profit-taking in heavyweight industrial and consumer stocks erased gains in select banking counters, pushing the benchmark index to its second consecutive weekly decline.
The selloff trimmed the market’s year-to-date return, highlighting a more cautious investor mood after the strong rally recorded earlier this year.
The Nigerian Exchange’s All-Share Index (ASI) fell 1.65% week-on-week to close at 232,049.02 points, while market capitalisation declined 1.60% to N148.91 trillion. As a result, the market’s year-to-date return eased to 49.12%, down from 51.62% a week earlier.
The weekly decline was largely driven by heavy losses in BUACEMENT, which dropped 10.00%, DANGSUGAR, down 8.11%, and WEMABANK, which also lost 10.00%.
The declines outweighed gains in blue-chip banking and telecommunications stocks, with MTNN advancing 3.75%, GTCO rising 10.69%, and ZENITHBANK adding 4.50%.
The bearish sentiment persisted into Friday’s trading session, with the benchmark index and market capitalisation each shedding 0.66%.
Investor appetite remained subdued as sharp declines in ARADEL (-10.00%), INTENEGINS (-9.95%) and TRANSEXPR (-9.89%) outweighed advances in UNIVINSURE (+6.32%), MCNICHOLS (+5.52%) and LINKASSURE (+4.67%).
Trading activity also softened during the session, reflecting weaker investor participation.
Total trading volume declined by 1.26%, while the value of transactions fell 4.07% compared with the previous session.
ACCESSCORP emerged as the most actively traded stock by volume after investors exchanged 33.22 million shares, while ARADEL recorded the highest value of trades at N4.29 billion, underscoring continued institutional activity despite the broader market weakness.
Market breadth remained firmly negative, closing at 0.45x after 38 stocks declined against 17 gainers, signalling that selling pressure was widespread across sectors. UNIVINSURE led the gainers’ chart, while ARADEL posted the steepest decline among listed equities.
The bearish mood extended to the NASD Over-the-Counter Securities Exchange, where the NASD Security Index (NSI) fell 1.95% to 4,277.07 points. Market capitalisation also declined by 1.95% to N2.57 trillion, reducing the OTC market’s year-to-date return to 20.69%.
Despite the weaker price performance, trading activity on the NASD market strengthened considerably. Total transaction volume surged 136.47%, while the value of trades jumped 172.05%, indicating heightened investor repositioning.
Among OTC securities, SDFCWAMCO led the four decliners with a 10.91% loss, while no stock recorded gains during the session, underscoring the broadly negative sentiment across the alternative market.
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