The NGX equities market opened June 2026 under sustained selling pressure as investors reacted to weak sentiment.
By Tuesday, June 2, traders erased ₦2.29 trillion in two sessions.
Monday drove ₦1.81 trillion in losses, and Tuesday added another ₦478.7 billion decline.
Nigerian Exchange Group data showed the market closed at ₦158.22 trillion, down from ₦158.72 trillion.
The All-Share Index fell to 246,686.66 points, dropping 0.35% from Monday’s level.
Trading activity weakened as investors reduced participation.
Volume dropped 36.26% to 718.77 million shares. Value traded fell 33.82% to ₦29.31 billion.
Transactions declined to 71,683 deals.
NGX Gainer activity
However, a few stocks still attracted buying interest.
International Energy Insurance led gainers with a 9.86% rise.
Trans-Nationwide Express, Nem Insurance, Living Trust Mortgage Bank, and Abbey Building Society also advanced.
Banking Sector Pressure
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In contrast, sellers dominated most counters across sectors.
PZ Cussons and Chellarams hit the 10% loss limit.
ABC Transport, Wema Bank, and Sovereign Trust Insurance also slid sharply.
Consequently, banking stocks dragged the market lower.
First HoldCo dropped 6.7% and led sector losses.
Wema Bank and Zenith Bank also declined.
The Banking Index fell 1.63% on Tuesday.
Furthermore, this followed Monday’s 1.49% drop, pushing the two-day banking loss to 3.1%.
Consumer Goods also weakened as PZ Cussons, Honeywell Flour, and Nigerian Breweries declined.
Similarly, Insurance fell 0.44%, while Oil and Gas edged lower.
However, Industrial Goods held steady and resisted the broader downturn.
Meanwhile, Access Corporation led volume with 113.10 million shares traded.
Zenith Bank led value at ₦4.81 billion.
Aradel Holdings followed with ₦3.43 billion in transactions.
Overall, the market lost ₦2.29 trillion in two sessions, marking 2026’s steepest decline.
Additionally, Fidson Healthcare listing adjustment influenced Tuesday’s valuation base.
Finally, investors remain cautious as sentiment weakens across the market.
Therefore, traders focus on strong-value stocks, while profit-taking still dominates near-term direction.
