Market Retreats Amid Broad-Based Selling Pressure

Market Retreats Amid Broad-Based Selling Pressure

Image Credit: forbes.com

June 24, 2026/United Capital Report

Market Summary:

Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in DANGCEM (-10.00%) and BUACEMENT (-10.00%)

As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 2.35% to settle at 235,074.54 points

Year to date returns fell to settle at 51.06%

Market capitalisation also fell by 2.35% to close at N150.85tn ($110.06bn)

Activity level in the market declined with the total value and volume of stocks traded falling by 46.81% and 13.60% to settle at N20.93bn and 488.08mn units respectively.

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