Investors in the Nigerian stock market lost a total of N5.45 trillion as the equities market continued its bearish run for the eighth straight session on Thursday.
Since Tuesday, August 11, 2026, the Nigerian Exchange Limited (NGX) listed stocks continued to witness sharp decline.
Investors on the NGX lost N3.8 trillion in four straight bearish sessions last week.
From Monday to Thursday this week, stocks on the NGX have lost a total of N1.65 trillion.
Thus, the losses in the last eight trading sessions alone stood at N5.45 trillion, erasing previous gains in the market.
Market summary for Thursday
The market continued its bearish run on Thursday as investors lost N440 billion, driven by continued profit-taking in large- and mid-cap stocks.
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Market capitalization declined by 0.30 per cent, or N440 billion, from N155.417 trillion at the opening of trading to N154.977 trillion at the close of trading.
Haldane McCall topped the gainers’ table with a gain of 9.38 per cent to close at N3.85 while International Energy Insurance topped the losers’ chart, falling by 9.85 per cent to close at N4.30.
The implementation of the Nigerian Insurance Industry Reform Act 2025 has reportedly contributed to the poor performance of insurance stocks following the revocation of the licences of Universal Insurance and Nigeria Reinsurance by the National Insurance Commission in recent weeks.
