{
  "id": 621527,
  "title": "Stock market sheds N1tn amid renewed bearish trading",
  "url": "https://urgent.news/2026/08/12/stock-market-sheds-n1tn-amid-renewed-bearish-trading-621527",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T02:16:52.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/stock-market-sheds-n1tn-amid-renewed-bearish-trading/"
  },
  "original_language": "en",
  "account": "The Nigerian stock market experienced a significant decline on Tuesday, with the market capitalization dropping by N1.17tn, marking a 0.73% decrease. This decline was largely driven by the sell-offs in large and medium-capitalized stocks such as MTN Nigeria Communications Plc, UACN, Dangote Sugar Refinery, Nigerian Aviation Handling Company, and First Holdco. Despite this market-wide drop, the All-Share Index fell by 1,806.18 points, or 0.73 percent, to close at 246,723.57. Interestingly, market breadth was positive, with 27 stocks gaining value against 26 that lost value. Among the gainers, FTN Cocoa led with a remarkable 9.88% increase, closing at N8.90 per share, followed by C&I Leasing and Sovereign Trust Insurance with 8.26% and 6.74% gains respectively. Conversely, Thomas Wyatt Nigeria was the biggest loser, plummeting by 9.97% to close at N2.89 per share. The trading activity surged, with the volume traded increasing by 270.4% to 3.91 billion units, valued at N32.38bn, transacted in 45,608 deals.",
  "summary": "The Nigerian domestic equities market experienced a bearish trend on Tuesday, with a significant drop in overall market capitalisation and the All-Share Index. The decline was largely attributed to sell-offs in large- and medium-capitalised stocks, including MTN Nigeria Communications Plc and other notable companies. Despite the market-wide downturn, market breadth remained positive, with more stocks gaining value than losing it. Trading activity surged, with a 270.4 per cent increase in total volume traded, reaching N32.38bn for 45,608 deals.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "This Day",
        "title": "Stock Market Plummets by N1.17trn on Renewed Profit-taking in MTN, Others",
        "url": "https://urgent.news/2026/08/12/stock-market-plummets-by-n1-17trn-on-renewed-profit-taking-in-mtn",
        "published": "2026-08-12T00:03:32.000Z"
      },
      {
        "outlet": "Punch Nigeria",
        "title": "Stock market sheds N1tn amid renewed bearish trading",
        "url": "https://urgent.news/2026/08/12/stock-market-sheds-n1tn-amid-renewed-bearish-trading",
        "published": "2026-08-12T01:56:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}