The Nigerian equities market extended its bearish run on Tuesday, August 18, 2026, as renewed profit-taking in large-cap stocks, led by First HoldCo and Fidelity Bank, dragged the NGX All-Share Index (ASI) down 0.35% to close at 241,611.23 points. The post NGX loses N544.5 billion as First HoldCo, Fidelity Bank lead profit-taking appeared first on Nairametrics .
The NGX market experienced a bearish trend on Tuesday, August 18, 2026, as profit-taking in large-cap stocks led by First HoldCo and Fidelity Bank dragged the NGX All-Share Index down 0.35% to close at 241,611.23 points. Market capitalisation dropped by approximately N544.5 billion to N155.97 trillion, while the year-to-date return moderated to 55.26%. The decline marked the sixth consecutive losing session since the previous week's record rally.
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