Investment

The NGX week of 15–19 June 2026 was the most subdued in several months, with the gainers table posting the smallest weekly advances
recorded in this digest since the market’s bull run began led by Cornerstone Insurance PLC at just +11.01% to ₦6.05, followed by Academy
Press (+8.72%), Conoil PLC (+8.25%), and Neimeth International Pharmaceuticals (+4.68%). The muted gains are consistent with a
market in consolidation mode following the NGX’s correction from its all-time high of 252,508 points on 13 May. UACN PLC’s modest
+1.65% gain to ₦185.00 is notable in the context of the stock’s extraordinary multi-week rally earlier in the year. The decliners list tells a
sharper story: International Energy Insurance PLC reversed course with a -28.83% collapse to ₦5.06 after its prior two-week surge of
over 90%, while First HoldCo shed -20.29% to ₦55.00 and NAHCO declined -17.27% to ₦148.50. Guaranty Trust Holding Company
(GTCO) one of Nigeria’s premier tier-1 banks shed -15.01% to ₦115.55, a move that reflects the broader pressure on blue-chip financials
in a rising interest rate environment. NEM Insurance (-14.71%) and Sovereign Trust Insurance (-13.94%) also reversed their prior-week
gains, confirming the insurance sector’s high volatility.