MARKET OVERVIEW & WEEKLY COMMENTARY — 1st–5th JUNE 2026
The NGX week of 1–5 June 2026 was the most broadly negative since the market’s all-time high of 252,508 points on 13 May 2026, as
sustained profit-taking dragged the NGX All-Share Index down 3.11% to settle at 242,593.31 points shedding 7,792 points and erasing
approximately ₦4.91 trillion in market capitalisation. The week also marked the first full trading week under Nigeria’s new T+1 settlement
regime, which commenced on 1 June. Investor sentiment was firmly negative across the first four sessions, with decliners consistently
outpacing gainers before a partial recovery on Friday when 39 stocks advanced against 11 decliners. International Energy Insurance PLC
led the weekly gainers at +60.62% to ₦7.26 a remarkable surge that extended its multi-week run followed by Abbey Mortgage Bank
(+47.24%), Sovereign Trust Insurance (+20.61%), Tantalizers (+18.40%), and Airtel Africa (+10.00% to ₦3,655.70). On the decliners
side, BUA Cement led weekly losses after its maximum -10.00% daily decline on Monday, while Aradel Holdings plunged -9.51% and
Eterna fell -9.85% on Thursday alone dragging the Oil & Gas Index down 4.90% in a single session. Trans-Nationwide Express, John
Holt, and Red Star Express also featured prominently among the week’s decliners.
