LAGOS, Nigeria — Investors on the Nigerian Exchange (NGX) lost approximately ₦945 billion ($610 million) in market value on June 15, 2026, as renewed profit-taking in oil and gas and banking stocks pushed the equities market lower. The benchmark All-Share Index declined by 0.60% to close at 243,271.57 points, while market capitalisation dropped to ₦156.03 trillion ($100.66 billion).
The downturn was driven by losses in major stocks, including Aradel Holdings, First HoldCo, Transcorp, and Oando, which outweighed gains recorded by selected insurance and hospitality companies. Market data showed that investor sentiment remained negative throughout the trading session.
Okay News reports that month-to-date returns weakened to -2.8%, while the market’s year-to-date return moderated to 56.3%. Trading activity reflected broad-based selling pressure, with 47 stocks closing lower compared to 17 gainers.
Among the strongest performers were Royal Exchange, which gained 10.00% to close at ₦1.65, Ikeja Hotel, which rose 9.97% to ₦47.45, and Consolidated Hallmark Holdings, which advanced 9.58% to ₦9.04. On the losing side, International Energy Insurance fell 9.99%, eTranzact International declined 9.97%, while Oando dropped 9.81% to ₦47.80.
Sector performance was largely negative, with the Oil and Gas Index declining 3.2%, the Banking Index falling 1.0%, and the Insurance Index shedding 0.7%. Analysts linked weakness in oil-related stocks to easing geopolitical tensions following the reopening of the Strait of Hormuz, which reduced concerns about disruptions to global crude oil supply.
Trading volume fell to 744.99 million shares, while the value of transactions declined to ₦36.44 billion ($23.51 million). However, the number of deals increased to 80,977, indicating sustained participation by retail and institutional investors despite weaker market performance.
