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Stock Market Drops by N577bn on Investors Profit-taking Activity

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Stock Market Drops by N577bn on Investors Profit-taking Activity

18 Feb, 2026

The Nigerian stock market yesterday halted its positive momentum after 11-day consecutive gains, yielding to investors’ profit-taking activities as the market capitalisation dropped by N577 billion. The Nigerian Exchange Limited All Share Index (NGX ASI) depreciated by 899.50 basis points, or 0.47 per cent to close at 189,362.94 basis points, causing the Month to Date and Year to Date returns to taper to 14.5per cent and 21.7per cent, respectively. Also, market capitalisation declined by N577 billion to close at N121.553 trillion..........................….......READ MORE