Equities Close Lower as Sell-Off Persists in Key Names

Image Credit: forbes.com

June 2, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in WEMABANK (-9.09%) and FIRSTHOLDCO (-6.72%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) declined by 0.35% to settle at 246,686.66 points
  • Year to date returns rose to settle at 58.53%
  • Market capitalisation also declined by 0.30% to close at N158.22tn ($115.76bn)
  • Activity level in the market declined with the total value and volume of stocks traded falling by 33.82% and 36.26% to settle at N29.31bn and 718.77mn units respectively

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