The Nigerian equities market closed lower on Wednesday, June 17, 2026, marking the fourth consecutive session of losses. Sustained profit-taking across large and mid-cap stocks, particularly in banking, oil and gas sectors, drove the decline.
Market Performance
The NGX All-Share Index (ASI) dropped by 0.49% to 240,802.72 points from 241,984.80 points. This decline resulted in a loss of N758.16 billion in market capitalization, bringing the year-to-date return to 54.74%.
Trading Sentiment
Market breadth was negative, with 51 stocks declining and only 13 advancing, indicating widespread selling pressure.
Top Losers
- Geregu Power Plc led the laggards, falling 10.00% to close at N1,019.00, below its 52-week low of N1,132.50.
- Okomu Oil Palm Company Plc declined by 9.97%.
- Red Star Express Plc dropped 9.95%.
- Industrial and Medical Gases Nigeria Plc fell 9.31%.
- TIP lost 7.35%.
- Other notable losers: Ikeja Hotel Plc (-6.01%), May & Baker Nigeria Plc (-5.99%), Transnational Corporation Plc (-4.65%), Nigerian Exchange Group Plc (-4.44%), First HoldCo Plc (-3.97%), Stanbic IBTC Holdings Plc (-3.08%), Wema Bank Plc (-2.91%), Access Holdings Plc (-1.88%), Conoil Plc (-1.41%), Zenith Bank Plc (-0.83%), and United Bank for Africa Plc (-0.48%).
Top Gainers
Neimeth International Pharmaceuticals Plc emerged as the top-performing stock for the session.
Most Active Stocks
A total of 662.96 million shares worth N39.98 billion were traded in 51,143 deals. Access Holdings Plc was the most active by volume, with 130.26 million shares traded, accounting for 19.65% of total volume. MTN Nigeria Communications Plc recorded the highest value traded at N8.19 billion, representing 20.48% of total market value. Jaiz Bank Plc was third by volume (17.33%), followed by Sterling Financial Holdings Company Plc (4.69%). Aradel Holdings Plc and Geregu Power Plc were among the top stocks by value traded.
Dividend News
Nigerian billionaire Abdul Samad Rabiu, Chairman of BUA Group, is set to receive a dividend of N189.74 billion from his stake in BUA Cement Plc. The company declared a N10.00 dividend per share at its 10th Annual General Meeting in Abuja. Rabiu holds a 56.03% stake, equivalent to 18.974 billion shares.
