The Nigerian equities market extended its losing streak on Thursday, June 25, 2026, as price declines in Aradel Holdings, Oando, and 32 other counters pushed the NGX All-Share Index lower by 0.64%, erasing N958.5 billion from investor wealth and pulling the year-to-date return below the 51% threshold for the first time in recent weeks.
- +Aradel Holdings, Oando drag market lower as investors lose N958.5 billion
Trading data from the Nigerian Exchange showed the ASI shedding 1,493.71 points to close at 233,580.83 points from 235,074.54 points in the previous session, with market capitalisation declining to N149.89 trillion.
Trading data from the Nigerian Exchange showed the ASI shedding 1,493.71 points to close at 233,580.83 points from 235,074.54 points in the previous session, with market capitalisation declining to N149.89 trillion.
The session extended what has now become a protracted correction phase, with subdued trading activity and persistent bearish sentiment characterising proceedings as investors remained cautious amid continued portfolio rebalancing.
Investor sentiment remained weak throughout Thursday’s session as losses in large and mid-cap stocks across the oil and gas, commodity, and insurance sectors overwhelmed gains in low price stocks the recorded gains.
Thursday’s session was defined by the sharp pullback in Aradel Holdings — one of the NGX’s highest-priced and best-performing stocks year-to-date — whose 10% maximum daily decline to N1,575.00 impacted sharply on Oil & Gas Index and the broader market.
Trading activity deteriorated across all metrics. Volume fell 19.35% to 393.65 million shares, value traded declined 8.19% to N19.21 billion, and deal count slipped 0.92% to 45,813 transactions — consistent with the pattern of diminishing participation seen across recent correction sessions as investors pull back from committing fresh capital.
Access Holdings led the volume chart with 39.05 million shares, while Zenith Bank dominated by value among named counters with N2.13 billion in transactions.
Thursday’s N958.5 billion loss extends what has now become a sustained correction phase for the Nigerian equities market. The ASI has now retreated to 233,580.83 points — more than 18,900 points below its all-time high of 252,508 points reached in May 2026.
Aradel Holdings’ 10% decline to N1,575.00 is particularly notable given the stock’s extraordinary year-to-date run, which had seen it anchor the NGX Oil/Gas Index’s +111.13% return. Whether Thursday’s selloff represents peak profit-taking or the beginning of a more sustained re-rating of the counter will be closely watched in subsequent sessions.
