NGX plunges, investors lose N958bn as market extends bloodbath

Investors lost N958 billion as the Nigerian Exchange extended its losing streak on Thursday, June 26, 2026. Market capitalisation slipped 0.64 percent to N149.888 trillion, down from N150.846 trillion the previous session. The All-Share Index fell 1,493.71 points, or 0.64 percent, to close at 233,580.83, compared with 235,074.54 earlier. Market breadth showed 34 losers against only 14 gainers, pulling the year‑to‑date return down to 50.10 percent.

Aradel Holdings and Deap Capital Management led the losers, each shedding 10 percent to close at N1,575.00 and N4.05 per share. On the gainers’ side, Red Star Express rose 9.60 percent to N24.55, followed by Legend Internet’s 9.09 percent gain to N6.00. Trading activity contracted, with volume dropping 19.35 percent to 393.65 million shares worth N19.21 billion across 45,813 deals. Access Holdings topped the volume chart with 39.05 million shares (9.92 percent of total trades), while Lafarge Africa recorded the highest transaction value at N2.25 billion, accounting for 11.70 percent of turnover.

The sustained sell‑off wipes nearly a trillion naira off investor wealth in two days, signalling heightened risk aversion. Should you review your portfolio, consider defensive stocks, or wait for clearer market signals before making new moves?

SOURCE: https://dailypost.ng/2026/06/26/investors-lose-n958bn-as-ngx-extends-bloodbath/