Nigerian Stock Market Ends Winning Streak, Investors Lose N73bn

The Nigerian stock market ended its recent bullish streak on Thursday, June 11, 2026, closing the trading week on a negative note as investors recorded a loss of N73 billion.

Trading activities took place over four days this week following the Federal Government’s declaration of June 12 as a public holiday.
The decline was largely attributed to continued sell-offs in banking and insurance stocks, which negatively affected overall market performance.
Market capitalisation fell by 0.05 per cent to close at N156.969 trillion, compared with N157.042 trillion recorded in the previous trading session.
Similarly, the All-Share Index dropped by 133.47 points, representing a decline of 0.05 per cent, to close at 244,738.74 from 244,852.21 previously recorded.
The market’s year-to-date return moderated to 57.27 per cent, while market breadth closed on an even note, with 32 gainers and 32 losers.
On the losers’ table, International Energy Insurance led with a 10 per cent decline to close at N7.11 per share. May and Baker followed after shedding 8.51 per cent to close at N43, while Tripple Gee lost 8.47 per cent to settle at N4 per share.
Abbey Mortgage Bank declined by 7.69 per cent to close at N11.40, while AXA Mansard dropped 6.67 per cent to finish at N12.60 per share.
Among the gainers, Enamelware, Learn Africa, Consolidated Hallmark, and University Press all appreciated by 10 per cent. They closed at N40.70, N11, N8.25 and N5.50 per share respectively.
ABC Transport also recorded a gain of 9.86 per cent, ending the trading session at N7.80 per share.
A total of 1.70 billion shares valued at N52.81 billion were traded in 49,807 deals. This compares with the 1.23 billion shares worth N38.84 billion exchanged in 54,193 transactions during the previous session.
FCMB emerged as the most traded stock by volume, with 584.87 million shares exchanged, accounting for 33.99 per cent of total market volume.
Access Corporation led the value chart with transactions worth N13.95 billion, representing 26.41 per cent of the total value of shares traded during the session.