NGX loses N613 billion as Unilever, consumer goods stocks extend market selloff
The Nigerian equities market extended its losing streak on Thursday, August 13, 2026, as continued selling pressure in consumer goods and selected large-cap stocks pushed the NGX All-Share Index down another 0.39%, wiping approximately N613.09 billion from investors’ wealth. The post NGX loses N613 billion as Unilever, consumer goods stocks extend market selloff appeared first on Nairametrics .
The Nigerian equities market continued its losing streak on Thursday, August 13, 2026, as selling pressure in consumer goods and certain large-cap stocks dragged down the NGX All-Share Index, causing a loss of approximately N613 billion in investors' wealth. This marked the fourth consecutive day of losses since the market reached a record high on Monday, August 10, when the ASI reached 248,529.75 points and the market capitalization surpassed N160 trillion.
The ASI fell to 243,017.38 points, down 0.39%, while the market capitalization decreased to N156.88 trillion from N157.49 trillion. Overall, the market has lost about N3.54 trillion in value since Monday, bringing the year-to-date return down to 56.17%.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
