Nigerian stock market investors lost N5.15 trillion during the first four trading days of June 2026. Profit-taking in major stocks, led by MTN Nigeria Communications Plc, drove the decline.
The market recorded its third consecutive decline with a N2.28 trillion drop in a single midweek session. This specific sell-off involved MTN Nigeria and 42 other companies.
The Nigerian Exchange Limited (NGX) All-Share Index fell 3.3% to close at 242,227.31. This movement represented a loss of 8,158.16 basis points. Total market capitalization decreased by 3.21%, falling from an opening of N160.509 trillion to N155.359 trillion.
Market analysts advise investors to prioritize fundamentally sound stocks with attractive valuations. Experts noted a lack of clear catalysts to drive immediate market momentum.