Nigerian stocks lose N3.8 trillion as selloff stretches to fifth session

Nigerian equities extended their losing run on Friday, August 14, 2026, with the NGX All-Share Index falling 0.16% to 242,619.20 points. The drop capped a fifth straight session of profit-taking that wiped out N3.8 trillion in market value over the week.

Market falls for fifth session

The All-Share Index closed at 242,619.20 points, down from 243,017.38 points in the previous session. Market capitalisation declined to N156.62 trillion from N156.88 trillion, a daily loss of approximately N257.06 billion.

Since Monday's record close of 248,529.75 points and N160.42 trillion in market value, the index has shed about 2.38%. Investors have lost a cumulative N3.80 trillion in five days, one of the sharpest weekly pullbacks since the June correction.

Year-to-date, the ASI is still up 55.91% and market cap has gained 57.61%. Volume traded fell 66.64% to 1.413 billion shares, value traded dropped 10.53% to N45.312 billion, and deals declined 5.60% to 39,134.

Heavyweight drags and top gainers

Dangote Sugar Refinery was the biggest heavyweight drag, tumbling 7.79% to N64.55 from N70.00. Ecobank Transnational Incorporated fell 5.41% to N70.00. Nigerian Breweries declined 2.44% to N68.00, Fidelity Bank lost 2.27% to N21.50, UBA slipped 1.09% to N45.50, and NEM Insurance eased 1.76% to N33.40.

On the upside, International Energy Insurance rose 9.92% to N5.32. Trans-Nationwide Express gained 9.65% to N2.84, Guinea Insurance added 6.67% to N0.80, Regal Insurance climbed 6.25% to N0.85, and Japaul Gold advanced 5.36% to N2.95.

Banking stocks were mixed. Access Holdings rose 2.08% to N27.05, Zenith Bank gained 0.49% to N122.60, and GTCO added 0.39% to N128.50. Oando supported oil and gas with a 1.15% gain to N35.10, while Honeywell Flour Mills rebounded 3.36% to N16.90.

Sector performance remains negative

Sector indices were broadly lower for a fifth straight session. The Insurance Index fell 1.49% to 1,128.74 points, the steepest decline. Oil & Gas dropped 0.63% to 5,201.81 points, Consumer Goods eased 0.46% to 4,037.91 points, and Banking slipped 0.23% to 2,548.02 points. The Industrial Index closed flat at 10,379.10 points, and the Commodity Index was unchanged at 1,743.52 points.

The divergence in insurance stocks was notable. The sector index posted the week's worst performance even as International Energy Insurance and Guinea Insurance rallied, pointing to selective repositioning rather than uniform selling.

With the market now trading roughly 2.4% below its Monday peak, attention in the new week will focus on whether profit-taking stabilises or extends. Early buying interest in some banking names suggests investors are picking stocks even amid the broader correction.