Cornerstone Insurance, Academy Press lead gainers as Nigerian stocks lose N5.64 trillion in week
By Aboki Forex —
The Nigerian equities market closed the third week of June 2026 deep in the red. A brutal six-session losing streak erased N5.64 trillion in investor wealth and pulled the NGX All-Share Index down 3.59%.
But a few stocks managed to post gains against the tide. Cornerstone Insurance, Academy Press, and Conoil led the winners.
Trading data from the Nigerian Exchange showed the ASI settled at 235,941.27 points at the close of Friday, June 19. That was down from 244,738.74 points at the start of the week.
Market capitalisation fell from N156.97 trillion to N151.33 trillion. Friday's session alone saw investors lose N938.75 billion as the index shed a further 0.62%.
The benchmark index has now dropped more than 16,500 points below its all-time high of 252,508 points reached in May 2026. Still, the market's year-to-date return of +51.62% keeps it among the stronger-performing exchanges globally in 2026.
Key market metrics for the week
ASI: 235,941.27 points, down 3.59% week-on-week. Market capitalisation: N151.33 trillion, down N5.64 trillion. Total volume traded: 3.075 billion shares, down from 4.964 billion in the prior week. Total value traded: N254.614 billion, up from N207.521 billion. Deals: 287,157 transactions. Year-to-date return: +51.62%. Gainers: 11. Losers: 78. Unchanged: 57.
Top 10 gainers
Cornerstone Insurance up 11.01% to N6.05. Academy Press up 8.72% to N8.10. Conoil up 8.25% to N210.00. Neimeth International Pharmaceuticals up 4.68% to N8.95. Ikeja Hotel up 3.36% to N44.60. Fortis Global Insurance up 2.06% to N0.99. Royal Exchange up 2.00% to N1.53. AXA Mansard Insurance up 1.98% to N12.85. UACN Plc up 1.65% to N185.00. Champion Breweries up 0.76% to N13.20.
Top 10 losers
International Energy Insurance down 28.83% to N5.06. First HoldCo down 20.29% to N55.00. John Holt down 17.65% to N11.20. NAHCO down 17.27% to N148.50. Zichis Agro Allied down 16.1%.