NGX All-Share Index drops below 50% YTD return as market loses N982bn in one day
The Nigerian Exchange (NGX) All-Share Index closed Friday, June 26, 2026 at 232,049.02 points, down 0.66% from Thursday, pushing its year‑to‑date return below the 50% psychological mark to 49.12% – the first time since April 30. The single‑day slide erased N982.96 billion from investor wealth, trimming market capitalisation to N148.91 trillion. It marked the third straight session of losses, with all seven sectoral indices in the red. Aradel Holdings led the decliners, hitting the 10% daily limit down to N1,417.50, while four of the five FUGAZ banks – GTCO, First HoldCo, Access Holdings and Zenith Bank – also fell. The Oil & Gas Index suffered the steepest sectoral drop, slipping 4.66% to 5,081.62 points.
For Nigerian investors, the erosion of nearly N1 trillion in two weeks directly hits pension funds, savings and brokerage accounts, signalling a shift from the earlier bullish rally that pushed the index above 60% YTD in May. A prolonged correction can affect retirement outcomes, corporate borrowing costs and overall market confidence.
Given the broad‑based sell‑off, will you review your portfolio's exposure, hold for a long‑term recovery, or re‑allocate to safer assets while the market stabilises?