NGX Stocks Lose N2.1trn as All-Share Index Drops 1.35% in One Week
- The Nigerian Exchange closed the week in negative territory as the All-Share Index fell to 239,351.16 points
- Market capitalisation shed N2.1 trillion during the week, with 59 equities recording price declines across the bourse
- Trading volume also dropped sharply from the previous week, with the Financial Services sector dominating activity
PAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Exchange (NGX) ended the trading week on a bearish note, with the All-Share Index (ASI) closing at 239,351.16 points after falling 1.35%, while overall market capitalisation dropped 1.33% to N154.534 trillion.
Trading activity was subdued compared to the prior week. Investors exchanged 6.242 billion shares valued at N157.764 billion across 186,496 deals, a significant drop from the 12.153 billion shares worth N176.058 billion that changed hands in 224,146 deals the week before.
Source: Getty Images
Financial Services Dominates Trading
The Financial Services sector drove the bulk of activity, with 5.594 billion shares valued at N56.431 billion traded across 82,300 deals. That figure represented 89.62% of total equity turnover by volume and 35.77% by value.
The ICT sector came second, recording 143.704 million shares worth N29.793 billion in 23,740 deals, while the Services sector followed with 138.672 million shares valued at N1.751 billion exchanged in 11,438 deals.
Three equities, Fortis Global Insurance Plc, Lasaco Assurance Plc and Consolidated Hallmark Holdings Plc, together accounted for 4.168 billion shares worth N9.249 billion in 1,660 deals.
That represents 66.77% of total equity turnover volume and 5.86% of total value for the week.
Market Breadth Remains Negative
Only 18 equities posted price gains during the week, down from 26 the week before. Meanwhile, 59 equities declined and 70 closed flat.
Haldane McCall Plc was the week's top gainer, with its share price climbing from N2.91 to N3.85, a rise of 32.30%.
Trans-Nationwide Express Plc posted a 16.20% gain, while Dangote Sugar Refinery Plc, Cadbury Nigeria Plc and UACN Plc rounded out the top five advancers.
On the losing side, International Energy Insurance Plc was the biggest decliner of the week, its share price falling from N5.32 to N3.87, a drop of 27.26%.
Fortis Global Insurance Plc followed with a 23.95% loss, while Royal Exchange Plc and Red Star Express Plc fell 18.49% and 18.33%, respectively.
Source: Getty Images
Other notable decliners included UPDC Plc, which fell 10.67%; Nigerian Exchange Group Plc, down 10.66%; University Press Plc, down 10.28%; NEM Insurance Plc, down 10.18%; Aradel Holdings Plc, which shed 9.99% to close at N1,374.20; and Critical Minerals Financing Corp Plc, which dropped 9.94%.
The week's outcome points to sustained selling pressure on the Nigerian equities market, with declines in both the ASI and market capitalisation reflecting weakening investor confidence across multiple sectors.
Nigerian companies with market capitalisation above N1 trillion
Earlier, Legit.ng reported that the Nigerian Exchange (NGX) has more than 150 listed firms, but only a small number have grown their market values beyond the N1 trillion threshold.
As of August 7, 2026, 25 companies were valued at more than N1 trillion on the NGX, collectively accounting for over 90% of the exchange’s total market capitalisation.
The companies span several major sectors of the economy, including telecommunications, banking, cement, energy, agriculture, consumer goods, hospitality and power.
Source: Legit.ng
