STOCK MARKET: INVESTORS LOSE N13.3TRN IN JUNE AMID PROFIT-TAKING

Investors in the Nigerian equities market recorded significant losses estimated at N13.3 trillion in June as profit-taking and cautious sentiment dominated trading activities on the Nigerian Exchange (NGX).

The All-Share Index declined sharply during the month, reflecting sell-offs in major blue-chip stocks across banking, oil & gas, and consumer goods sectors. Market analysts attributed the downturn to investors locking in gains from previous rallies amid concerns over macroeconomic headwinds and global uncertainties.

Despite the monthly loss, some analysts see the correction as healthy, potentially creating buying opportunities for long-term investors. “Profit-taking is normal after periods of strong gains. The fundamentals of many listed companies remain solid,” one market watcher noted.

Trading volume and value also moderated compared to previous months, indicating reduced participation. The NGX is expected to remain volatile in the near term as investors assess corporate earnings and policy directions.

The development underscores the sensitivity of the domestic stock market to both local and international factors.