NGX ROUNDUP: Equity markets rocked by bearish sentiment as investors lost N367 billion

Investors lost N367 billion as the equity market experienced its first bearish trading week in weeks.

The market strengthened in three of the five trading sessions.

The market value fell to N160.044 trillion from N160.007 trillion recorded last week, while the All-Share Index (ASI) depreciated by 0.25% to close the week at 249,712.37, down from 250,330.92 points recorded in the previous week.

The Nigerian equity market started the week on Monday, May 18, 2026, on a bearish note, with investors losing N81 billion by the end of the trading session.

The trend reversed on Tuesday, May 19, 2026, as investors earned N917 billion in five hours.

The market trended downwards on Wednesday, May 20, 2026, as investors lost N1.6 trillion at the close of trading.

The market closed positive on Thursday, May 21, 2026, as investors gained N72 billion.

The market also closed positive on Friday, May 22, 2026, as investors lost N344 billion.

Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 3.875 billion shares worth ₦161.757 billion in 334,745 transactions, in contrast to a total of 7.772 billion shares worth ₦374.040 billion traded last week in 402,945 transactions.

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The Financial Services industry (measured by volume) led the activity charts with 2.410 billion shares worth ₦69.712 billion traded in 126,919 transactions: thus contributing 62.19% and 43.10% respectively to the total volume and value of equity turnover.

The Services Industry followed with 409.306 million shares worth ₦5.409 billion in 25,908 transactions.

In third position is the Oil and Gas Industry with a transaction value of 294.859 million shares worth ₦31.496 billion in 26,738 transactions.

Trading in the top three equities, namely Sterling Financial Holdings Company Plc, Fidelity Bank Plc, and Access Holdings Plc (measured by volume), accounted for 1.092 billion shares worth ₦19.527 billion in 21,683 transactions, accounting for 28.18% and 12.07% respectively to the total volume and value of equity turnover.

Thirty-eight (38) shares appreciated this week, lower than seventy-four (74) shares in the previous week. Fifty-five (55) equities saw price depreciation, higher than twenty-four (24) equities in the previous week, while fifty-three (53) equities remained unchanged, higher than forty-eight (48) recorded in the previous week.

Associated Bus Company Plc recorded the largest percentage increase in share price, gaining 44.82%, followed by Academy Press Plc, which increased its share price by 29.79% in the process.

University Press Plc also increased its share price by 28.00%

On the other hand, Sovereign Trust Insurance Plc recorded the largest percentage decline in share price, losing 22.45%, followed by Trans-Nationwide Express Plc, which dropped its share price by 18.98%.

Cap Plc also lowered its share price by 14.85%.

By: Babajide Okeowo