• info@ocmlng.com
  • 0201-2914775

Stock market extends down First HoldCo, Zenith Bank, WAPCO drag market lower as investors lose N877.91 billion

Home > market news
Stock Market News

Stock market extends down First HoldCo, Zenith Bank, WAPCO drag market lower as investors lose N877.91 billion

03 Jul, 2026

The Nigerian equities market extended its losing streak on Thursday, July 2, 2026. The NGX All-Share Index fell 0.61% to close at 224,321.97 points, down from 225,690.07 points in the previous session. Investors lost approximately N877.91 billion in a single day. Market capitalisation declined to approximately N144.11 trillion. The year-to-date return moderated further to 44.15%. The ASI has now shed more than 28,000 points from its May 2026 all-time high of 252,508 points. Selling was broad and indiscriminate, spanning banking, industrial, oil and gas, and consumer goods stocks.................................READ MORE