Equities market drops by N13.29trn in June 2026
The Nigeria’s equities market suffered its worst month on record in June 2026 after investors wiped N13.29 trillion off the value of their investment in key fundamental companies.
The June decline is the largest monthly destruction of shareholder value ever recorded on the Nigerian Exchange, easily surpassing previous records as profit-taking, dividend adjustments and portfolio rebalancing triggered heavy selling across virtually every sector.
The benchmark All-Share Index (ASI) declined 8.28per cent during the month, its biggest monthly drop since President Bola Tinubu assumed office, while year-to-date gains narrowed sharply from over 60per cent at the end of May to 47.43per cent.
Market capitalization stood at N160.5 trillion after a blistering five-month rally that had added roughly N60 trillion in value, with the All-Share Index posting gains of more than 60% for the year.
By the end of June, however, market capitalization had fallen to N147.2 trillion, erasing N13.29 trillion in just one month.
Although the market still closed the first half of the year with a respectable 47.43per cent year-to-date return, June effectively wiped out a large portion of the gains accumulated during one of the exchange’s strongest runs in nearly two decades.
The reversal was particularly striking because April had ranked among the market’s strongest months in recent history, delivering a 20.36per cent monthly return, the best monthly performance since May 2009.
