Tuesday, August 25, 2026

Investors lose N478 billion amid profit-taking in major stocks

The market activity witnessed an overall decline in volume, value and deals.

• June 2, 2026
Nigerian Exchange
Nigerian Exchange [Photo Creadit: Business Live Nigeria]

The equities market closed lower on Tuesday, with investors recording a loss of N478 billion amid profit-taking in major stocks.

The decline was driven by losses in large- and mid-cap stocks, including PZ Cussons, Computer Warehouse Group (CWG), ABC Transport, Wema Bank, Sovereign Trust Insurance, and 33 other stocks.

Market capitalisation declined from an opening value of N158.697 trillion to N158.219 trillion at the close of trading.

Similarly, the All-Share Index fell by 874 points, or 0.35 per cent, to close at 246,686.66, down from 247,560.66.

Consequently, the market’s year-to-date (YtD) return moderated to 58.53 per cent, while market breadth closed negative with 38 losers and 14 gainers.

PZ Cussons and Computer Warehouse Group led the losers’ chart by 10 per cent each, settling at N88.20 and N21.60 per share, respectively.

Also, ABC Transport shed by 9.95 per cent, closing at N6.88, Wema Bank dipped by 9.09 per cent, finishing at N30, while Sovereign Trust Insurance dropped by 8.16 per cent, ending the session at N2.70 per share.

Conversely, International Energy Insurance topped the gainers’ chart by 9.86 per cent, closing at N5.46; Trans-Nationwide Express trailed by 7.14 per cent, finishing at N5.10; and Neimeth Pharmaceuticals gained by 6.80 per cent to N11 per share.

Similarly, Livingtrust Mortgage Bank advanced by 5 per cent, closing at N4.20 per share, while Abbey Mortgage Bank increased by 4.44 per cent, settling at N7.05 per share.

The market activity also witnessed an overall decline in market volume, value, and deals, as 718.8 million shares valued at N29.3 billion were exchanged across 71,683 transactions.

This is in contrast to the previous session’s 1.127 billion shares, worth N44.3 billion, that were traded in 91,880 deals.

Access Corporation led trading by volume, with 113.10 million shares exchanged, representing 10.03 per cent of the day’s total volume.

Zenith Bank emerged as the most actively traded stock by value, recording transactions worth N4.81 billion, which accounted for 10.85 per cent of the day’s total market turnover.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

NNPC, Shell

Economy

NNPCL, SNEPCo, Esso, Agip  seal deepwater Bonga deal, target $21 billion investment

NNPCL and the OML 118 contractor parties have executed the addendum to the OML 118 Production Sharing Contract and the addendum to the Dispute Settlement Agreement.

AiNET Corp. and its former CEO, Deepak Jain

Economy

AiNET, CEO settle with U.S. SEC over submitting claims for data centre services

The U.S. alleged that the AiNET data centre failed to comply with Tier III standards and that AiNET and Mr Jain falsely certified to the SEC that it was Tier IV.

Bola Tinubu praying

Faith

BPP felicitates Tinubu, Muslim faithful on Eid-ul-Mawlid

Mr Adedokun, in a goodwill message on Tuesday, extended warm greetings to Mr Tinubu, praying that the prophet’s virtues would continue to inspire the president’s leadership.

Burnham with Zelensky

World

UK vows to keep backing Ukraine war efforts amid Russia’s threats

The United Kingdom, on Monday, pledged continued support for Ukraine amid threats from Russia.

Philips Medical Systems, Kunshan GuoLi Electronic Technology Co Ltd

Anti-Corruption

Philips engineer convicted for stealing trade secrets for Chinese competitor Kunshan GuoLi

A federal jury in Chicago convicted a former engineer at Philips Medical Systems of conspiring to steal Philips’ trade secrets and bring them to a Chinese competitor.

Tetra Tech EC Inc

Economy

Tetra Tech to pay $57 million over falsifying soil test results at Hunters Point Naval Shipyard

The complaint further alleged that Tetra Tech intentionally manipulated scan results in its database, falsely representing scans taken at different locations.