The Nigerian stock market commenced the new week on a downward trajectory as investors opted for profit-taking activities. Sell-offs were observed across the banking, consumer goods, industrial, and insurance sectors, though some stocks attracted buying interest. The market recorded a loss of N80.81 billion, with the NGX All-Share Index declining to 250,204.83 points from 250,330.92 points at the previous close.
Market Performance Overview
Market capitalization closed at N75.63 trillion, down from N75.71 trillion at the start of the trading session. Despite the overall decline, the market has posted a year-to-date gain of 60.79%. A total of 800,460,333 shares were traded, valued at N37.05 billion across 87,096 deals. The trading session saw mixed sectoral performance, with significant sell-offs in large-cap and mid-cap stocks.
Top Losers and Gainers
Top Losers:
- African Prudential Plc: down 7.05%
- TIP Plc: lost 6.19%
- Caverton Offshore Support Group Plc: down 5.38%
- UAC of Nigeria Plc: dipped 4.98%
- Dangote Sugar Refinery Plc: closed 2.75% lower
Top Gainers:
- Oando Plc: traded 10.00% higher
- UPL Plc: gained 10.00%
- Deap Capital Management & Trust Plc: climbed 9.96%
- May & Baker Nigeria Plc: appreciated 9.94%
- Transnational Express Plc: up by 9.92%
Most Active Stocks
The most actively traded stocks included United Bank for Africa Plc with 64.97 million shares, Fidelity Bank Plc with 57.29 million shares, Access Holdings Plc with 42.26 million shares, DAAR Communications Plc with 36.70 million shares, and NSL Technologies Plc with 36.60 million shares.
Expert Analysis
Analysts at Atlass Portfolio Limited expressed optimism despite the weak start. They stated, "This week, we expect mixed trading sentiment to continue, with a mild positive bias, driven by bargain hunting in fundamentally sound equities, alongside profit-taking in recently appreciated medium and blue-chip stocks."
Notable Corporate Development
In related news, Femi Otedola, Chairman of First HoldCo Plc, increased his stake in the company by acquiring 549.5 million shares valued at approximately N43.41 billion. The shares were purchased on May 13, 2026, at N79 per share through Calvados Global Services Limited, a company linked to Otedola.
