Nigerian stocks lose N3.8 trillion as selloff stretches to fifth session
The Nigerian equities market extended its sell-off on Friday, August 14, 2026, shedding N3.8 trillion in the week after closing lower for a fifth consecutive session as investors continued locking in profits following the market's record close earlier in the week. The post Nigerian stocks lose N3.8 trillion as selloff stretches to fifth session appeared first on Nairametrics .
On Friday, August 14, 2026, Nigeria's equities market continued its sell-off, losing N3.8 trillion in a week, following a fifth consecutive day of lower trading. The NGX All-Share Index (ASI) fell 0.16%, closing at 242,619.20 points after reaching a record high of 248,529.75 points on Monday. Market capitalization dropped from N156.88 trillion to N156.62 trillion, marking a daily loss of approximately N257.06 billion and a 2.38% decrease since Monday's peak.
Over the week, investors lost a cumulative N3.80 trillion in market value, marking one of the steepest weekly pullbacks since the June correction. Major stocks such as Fortis Global Insurance and Omatek Ventures saw declines of 9.31% and 9.04% respectively. The Dangote Sugar Refinery, however, was the biggest dragger, falling 7.79% to close at N64.55 from N70.00.
Banking stocks had mixed performances, with some showing early signs of selective buying interest amid the broader correction.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
