This post was originally published on this site.
The Nigerian equities market extended its losing streak to two sessions, erasing earlier weekly gains The decline was driven by profit-taking in banking, consumer goods, industrial, and oil & gas stocksMay & Baker, UAC of Nigeria, and Zenith Bank were among the top decliners, while FCMB dominated trading activity
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market recorded a slight decline on Thursday, June 11, 2026. The four-day rally that sustained gains was halted as sell-off activities in some large and mid-cap stocks took precedence over bargain hunting ahead of the Democracy Day public holidays.
Specifically, the benchmark NGX All-Share Index (ASI) shed 0.05% to close at 244,738.74 points from 244,852.21 the prior trading session.
Nigerian stocks slip as profit-taking returns to the market Photo: BloombergSource: Getty Images
Thus, investors lost N72.74 billion
