A heavy wave of profit-taking and technical price adjustments dragged the Nigerian Exchange Limited into negative territory during the week ended 19 June 2026, forcing a 3.59 per cent contraction in the benchmark All-Share Index to close at 235,941.27 points, JIDE AJIA reports.
This broad market retreat saw total Market Capitalisation slide to N151.327tn, tightening equity market liquidity despite a surge in gross transaction value to N254.614bn.
While a steep 10.49 per cent plunge in banking equities and heavy dividend markdowns on market bellwethers depressed index metrics, trading remained heavily concentrated within the financial services sector, which accounted for 67.44 per cent of the aggregate volume traded.
A pervasive bearish wave swept across the local bourse during the week under review, wiping billions off equity valuations and contracting market liquidity despite a late-week surge in gross transactional value.
The benchmark NGX All-Share Index and total Market Capitalisation depreciated by 3.59
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