Investors in the Nigerian stock market lost a total of N5.45 trillion as the equities market continued its bearish run for the eighth straight session on Thursday.
It was reported that since Tuesday, August 11, 2026, the Nigerian Exchange Limited (NGX) listed stocks have continued to witness sharp decline.
Investors on the NGX lost N3.8 trillion in four straight bearish sessions last week.
From Monday to Thursday this week, stocks on the NGX have lost a total of N1.65 trillion.
Hence, the losses in the last eight trading sessions alone were at N5.45 trillion, erasing gains earlier made in the market.
Market summary for Thursday
The market on Thursday continued its bearish run, with investors losing N440 billion, following sustained profit-taking in large and mid-cap stocks.
Market capitalization declined by 0.30 per cent or N440 billion from N155.417 trillion at the opening of trading to N154.977 trillion at the close of trading.
Haldane McCall topped the gainers’ chart with a gain of 9.38 per cent to close at N3.85, while International Energy Insurance topped the losers’ chart, dropping by 9.85 per cent to close at N4.30.
It is said the poor performance of insurance stocks has been brought about by the implementation of the Nigerian Insurance Industry Reform Act 2025, after the National Insurance Commission revoked the licences of Universal Insurance and Nigeria Reinsurance in recent weeks.