The Nigerian equities market continued its downward trend for a second consecutive session on Thursday, June 11, 2026, wiping out earlier weekly gains as investors engaged in profit-taking ahead of the Democracy Day public holidays.
Market Performance
The benchmark NGX All-Share Index (ASI) declined by 0.05 percent, closing at 244,738.74 points compared to 244,852.21 points in the previous trading session. This resulted in a loss of N72.74 billion in market capitalization, bringing the year-to-date return to 57.27 percent. The sell-off was widespread across large and mid-cap stocks, particularly in the banking, consumer goods, industrial, and oil and gas sectors.
Despite the overall decline, market sentiment remained relatively positive, with 32 stocks advancing against 31 decliners, indicating continued buying interest in certain equities.
Sectoral Indices
Sectoral performance on the Nigerian Exchange (NGX) was mixed. The NGX Consumer Goods Index fell by 0.23 percent, while the NGX Banking Index dropped 0.17 percent. In contrast, the NGX Insurance Index gained 0.73 percent, the NGX Energy Index rose 0.10 percent, and the NGX Industrial Goods Index edged up 0.09 percent. However, gains in the energy and industrial sectors were insufficient to offset the overall bearish pressure on the broad market.
At the close of trading, the ASI shed 113.47 points to settle at 244,738.74 points, while market capitalization decreased to N156.970 trillion from N157.043 trillion.
Top Losers
- International Energy Insurance Plc: down 10.00% to N7.11
- May & Baker Nigeria Plc: declined 8.51% to N43.00
- Tripple Gee and Company Plc: fell 8.47% to N4.00
- Abbey Mortgage Bank Plc: dipped 7.69% to N11.40
- AXA Mansard Insurance Plc: shed 6.67% to N12.60
Top Gainers
- Consolidated Hallmark Holdings Plc: gained 10.00% to N8.25
- Learn Africa Plc: advanced 10.00% to N11.00
- Nigerian Enamelware Plc: up 10.00% to N40.70
- University Press Plc: added 10.00% to N5.50
- ABC Transport Plc: rose 8.25% to N7.80
Market Activity
Trading volume surged significantly, with 1.72 billion shares valued at N52.81 billion exchanged in 49,807 deals. FCMB Group Plc was the most active stock by volume, accounting for 584.87 million shares (33.99% of total volume), followed by Access Holdings Plc. Other actively traded stocks included United Bank for Africa Plc (UBA), NGX Group Plc, and AIICO Insurance Plc. In terms of value, Access Holdings Plc recorded the highest turnover at N13.95 billion, followed by NGX Group Plc and FCMB Group Plc.
