Nearly N922 billion has been wiped off the combined market value of Geregu Power Plc, Ellah Lakes Plc and eight other listed companies in 2026 as investors increasingly shift capital toward banks, industrial firms and consumer goods companies delivering stronger earnings growth, higher liquidity and more predictable returns.
An analysis of trading data by BusinessDay shows that 10 listed companies have collectively lost about m N921..9 billion in market value between January 2 and July 24, largely because their share prices fell below where they started the year.
The biggest drag came from Geregu Power Plc, whose market capitalisation declined by N789.5 billion, accounting for nearly 86 percent of the total decline among the selected companies. This was followed by Ellah Lakes Plc with N27.8 billion loss in market value.
Sovereign Trust Insurance Plc shed N26.2 billion. UPDC Plc lost N25.1 billion, and Coronation Insurance Plc erased N23 billion from
This post was originally published on this site.
