Stock market sheds N2.18trn as investors adjust to T+1 cycle

The stock market extended its negative trend on Thursday, June 19, 2026, wiping out N2.179 trillion from investors wealth.

The decline was driven by sell-offs in fundamentally strong stocks as investors adjust to the new T+1 settlement cycle.

Market capitalisation declined by 1.41 per cent, falling from N154.445 trillion to N152.266 trillion, reflecting a loss of N2.179 trillion.

The All-Share Index (ASI) also dropped by 3,397.80 points or 1.41 per cent, closing at 237,404.92 compared to 240,802.72 recorded at the beginning of the downturn.

Market’s Year-to-Date (YTD) return erased to 52.56 per cent, while the market breadth closed negative with 40 decliners against 13 advancers.

Cadbury, Africa Prudential and Triple Gee led the losers’ chart by 10 per cent each, finishing at N62.10, N11.70 and N3.60 per share, respectively.

John Holt declined by 9.93 per cent, closing at N12.25, while Mc Nichols shed by 9.33 per cent, settling at N6.80 per share.

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Conversely, Legend Internet topped the gainers’ chart by 9.52 per cent, closing at N5.75, NPF Micro-finance Bank followed by 9.18 per cent, ending the session at N5.35, and Transcorp grew by 7.32 per cent, settling at N44 per share.

Neimeth Pharmaceuticals gained by 7.03 per cent, finishing at N9.90, while Daar Communications increased by 5.29 per cent, closing at N1.79 per share.

Market activity improved, with total traded volume rising by 4.33 per cent to 691.64 million shares valued at N116.85 billion in 50,025 transactions.

FirstHoldco led the volume chart with 115.84 million shares, accounting for 16.75 per cent of total transactions, while Dangote Cement topped the value chart with trades worth N83.39 billion, representing 71.37 per cent of the day’s turnover.