NGX Loses N544.5 Billion as First HoldCo, Fidelity Bank Lead Profit-Taking
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Profit-taking hits NGX again as First HoldC leads market declines
Nigeria’s equities market extended its losing streak on Tuesday as renewed profit-taking in heavyweight stocks, particularly First HoldCo and Fidelity Bank, pushed the benchmark index lower despite strong investor interest in MTN Nigeria. The NGX All-Share Index (ASI) declined by 0.35 per cent to close at 241,611.23 points, extending the market’s bearish run to six consecutive sessions. Market capitalisation also fell by approximately N544.5 bil…
NGX Loses N544.5 billion as First HoldCo, Fidelity Bank Lead Profit-taking
The Nigerian equities market extended its bearish run on Tuesday, August 18, 2026, as renewed profit-taking in large-cap stocks, led by First HoldCo and Fidelity Bank, dragged the NGX All-Share Index (ASI) down 0.35% to close at 241,611.23 points. The Nigerian equities market extended its bearish run on Tuesday, August 18, 2026, as renewed profit-taking in large-cap stocks, led by First HoldCo and Fidelity Bank, dragged the NGX All-Share Index (…
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