June 15, (THEWILL) — Nigeria’s equities market ended Monday’s trading session on a bearish and pressured note, as widespread selloffs across key counters dragged both market indicators lower amid weak investor appetite.
The market capitalisation opened at N156.969 trillion and closed weaker at N155.985 trillion, reflecting a significant erosion in market value.
Similarly, the All-Share Index (ASI) opened at 244,738.74 and closed at 243,204.73, extending losses recorded during the session.
Market breadth was notably weak, with 17 gainers against a heavy 48 losers, underscoring a broadly negative investor sentiment and sustained profit-taking across the board.
Top 5 Gainers
1. ROYALEX 10.00 per cent (moving from N1.50 to N1.65)
2. IKEJAHOTEL 9.97 percent (N43.15 to N47.45).
3. CONHALLPLC 9.58 percent (from N8.25 to N9.04).
4. UPL added 9.09 percent (N5.50 to N6.00).
5. MANSARD advanced by 8.73 percent (N12.60 to N13.70).
Top 5 Decliners
1. INTENEGINS dipped by -9.99 percent (N7.11 to N6.40)
2. ETRANZACT -9.97 percent (opened at N16.55 and closed at N14.90).
3. NEIMETH -9.94 percent (from N8.55 to N7.70).
4. OANDO fell by -9.81 percent (N53.00 to N47.80).
5. ABBEYBDS lost -9.65 percent (N11.40 to N10.30).
Blue-chip counters including MTN Nigeria Communications, Seplat Energy, Custodian Investment, Julius Berger, BUA Foods, and Cadbury Nigeria closed flat, providing some stabilising support and helping to cushion deeper market losses.
Overall, investor sentiment remained fragile and risk-averse, with traders largely locking in gains amid limited positive triggers and sustained caution across the market.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
