…extended its bearish run on Thursday as investors lost N440 billion, driven by continued profit-taking in large- and mid-cap stocks. Market capitalisation declined by 0.30 per cent, or N440 billion, from N155.417 trillion at the opening of trading to N154.977 trillion at the close. International Energy Insurance led th…

…to gradually regain bullish momentum as investor sentiment improves. However, persistent profit-taking could limit the pace of recovery and sustain volatility in the near term. The latest decline comes after the market’s strong rally earlier in the year, with the All-Share Index still delivering a year-to-date gain of…

…session on Thursday, August 26.Data showed that the market downturn was driven by profit-taking in banking, consumer goods, industrial, and oil & gas stocks, despite mild gains recorded in the insurance sector.The market’s year-to-date return has dropped to 35.56% while the week’s return after 4 days of trading is in t…

…week on a negative note, with investors losing roughly N1.26 trillion in market value as profit-taking swept through several major stocks.The NGX All-Share Index (ASI) fell 0.84% to close at 245,283.68 points, while overall market capitalisation shed 0.79% to settle at N158.326 trillion. The performance reversed part o…

…Monday recovery can sustain momentum through the remainder of the week, or whether profit-taking resumes as investors use rallies to exit positions accumulated during the year's earlier bull run.

…CBN's new regulatory policy outlook that has triggered June's correction coupled with profit-taking. Value-oriented banking stocks and high-dividend payers (represented by NGX AFR Bank Value Index at +41.65% and NGX AFR Dividend Yield Index at +40.33%) have both underperformed the benchmark. The NGX CG Index at +40.80%…

…global equity markets in 2026, underpinning the view that the current pullback reflects profit-taking rather than a fundamental deterioration in market outlook. Analysts expect selling pressure to persist in the near term, though the elevated turnover levels and improving breadth seen on select sessions suggest that in…

…in the equities market may be driven by three separate but related factors. The first is profit-taking following an extraordinary rally that saw the Nigerian stock market gain more than 60% year-to-date at its peak. After months of strong price appreciation, particularly in stocks that delivered triple-digit returns, m…

Impact of regulatory shake-up The market decline was Initially driven by profit-taking alongside rising Nigerian Treasury Bills. However, this recent crash is largely a regulatory shake-up targeted at large banking groups such as Access, GTCO, FBNH, and FCMB. The core reasons include: a revised method for calculating c…

…- down 9.60% to N8.95 More insights: Friday's trading session was dominated by sustained profit-taking across several bellwether stocks, extending the correction that has persisted throughout the week. Among the stocks that weighed heavily on market performance were the FUGAZ banks and four others, including: NAHCO (-1…