Bearish Trading Returns As NGX Market Cap Falls N984bn Amid Heavy Selloffs

Leadership | 16-06-2026 07:45pm |

The Nigerian equities market commenced the new trading week with a decline, attributed to ongoing profit-taking and widespread sell pressure among investors. This downturn resulted in a significant reduction of N984 billion in the overall market capitalization. According to data from the Nigerian Exchange, the All-Share Index (ASI) fell by 1,534.01 points, marking a decrease of 0.63 percent at the close of trading. The market's performance reflects a challenging environment for investors amid heightened selling activity.

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