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The Nigerian stock market extended its losing streak to a fourth trading session as sustained profit-taking continuesSelling pressure across large and mid-cap stocks drove the decline, with sell-offs evident in banking, oil & gasGeregu Power Plc, Okomu Oil Palm Company Plc, and Red Star Express Plc were among the top decliners
Legit.ng journalist Dave Ibemere has over ten years of experience in business journalism with in-depth knowledge of the Nigerian economy, stocks and general market dynamics.
The Nigerian equities market on Wednesday, June 17, 2026, closed in the red, extending its bearish run for the fourth consecutive trading session.
Market data showed that the bearish run was primarily fueled by continued profit-taking on selected stocks as investors cash out on recent gains from the rally.
NGX closes lower for the fourth straight session as investors continue to lock in gains across key sectors. Photo: FreepickSource: Getty Images
The NGX All-Share Index (ASI) depreciated by 0.49%
