After 12 straight sessions of gains, Nigeria’s stock market recorded its first loss on Tuesday, with market capitalization slipping by ₦4 billion to close at ₦93.756 trillion. The All-Share Index dipped slightly by 6.27 points, driven by selloffs in stocks like Austin Laz, Deap Capital, Fidson, and Berger Paints.
Market breadth showed 36 losers versus 23 gainers, with Austin Laz leading decliners down nearly 8%, while Regency Alliance Insurance topped gainers, rising by nearly 9%.
Trading activity slowed with 262.5 million shares valued at ₦8.3 billion exchanged—down significantly from the previous session. Fidelity Bank led trading volume, followed by Access Corporation and CHAMS.
David Adonri of Highcap Securities said this pullback is a natural pause after a long rally, noting that while tier-one banks lost ground, some insurance stocks advanced. He remains optimistic, predicting renewed investor interest once Q3 earnings reports start rolling out.
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