Find out more as UBA, GTCO among most traded stocks as Investors lose N984bn

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The NGX extended its losing streak as sustained profit-taking wiped off about N984 billion from investors’ wealthThe decline was driven by profit-taking in banking, oil & gas, industrial, and consumer-linked stocksAradel Holdings, Oando, First Holdco, and Nigerian Aviation Handling Company were among the major decliners

The Nigerian equities market closed weaker as bearish sentiment persisted, with investors largely locking in gains amid cautious trading and mixed macroeconomic signals.

At the close of trading on Monday, June 15, data from the Nigerian Exchange showed that the All-Share Index (ASI) fell by 1,534.01 points to 243,204.73 points.

Also, market capitalisation declined from previous levels to N155.986 trillion, reflecting the N984 billion loss recorded in a single session for investors.

NGX extends losses as sustained profit-taking drags equities lower Photo: AFP
Source: Getty Images

Market breadth

Market breadth closed negative, reflecting weak investor sentiment across the board. A total of 15 stocks advanced while 48 stocks declined, underscoring widespread sell