By Boluwatife Oshadiya | August 13, 2026
Key Points
- NGX All-Share Index falls 1.12% to 243,967.09 points as investors book profits across major sectors
- Market capitalisation drops ₦1.76 trillion to ₦157.49 trillion following the listing of LASACO’s 9.24 billion additional shares
- BUA Foods and Unilever lead decliners as trading volume and value fall 62.78% and 35.35%, respectively
Main Story
The Nigerian Exchange (NGX) closed lower as profit-taking in BUA Foods, Unilever Nigeria and other major stocks pushed the All-Share Index (ASI) down 1.12%.
The NGX-ASI fell by 2,756.48 points to 243,967.09, while market capitalisation declined by ₦1.76 trillion to ₦157.49 trillion, according to market data supplied to BizWatch Nigeria.
The decline in market capitalisation was also influenced by the listing of 9,236,321,546 additional ordinary shares of LASACO Assurance Plc following its rights issue. The shares, valued at 50 kobo each, were issued at ₦2.00 per share.
Trading activity weakened during the session, with total volume and transaction value falling by 62.78% and 35.35%, respectively. About 1.46 billion shares valued at ₦20.94 billion changed hands across 39,085 deals.
FTGINSURE accounted for 58.68% of total market volume, followed by UNIVINSURE at 17.32%, CHAMS at 2.75%, FIRSTHOLDCO at 1.95% and ACCESSCORP at 1.75%. FIRSTHOLDCO dominated value transactions, accounting for 18.73% of total trade value.
INTENEGINS led the gainers with a 10.00% increase, followed by ETI at 9.93% and TRANSEXPR at 9.77%.
However, BUAFOODS fell 10.00% to lead the decliners, followed by UNILEVER at 9.97%, JOHNHOLT at 9.90%, AVACAP at 9.50% and AUSTINLAZ at 8.81%.
The Consumer Goods sector recorded the steepest decline at 4.93%, followed by Industrial Goods at 0.42% and Banking at 0.30%. Insurance gained 0.71%, while Oil & Gas rose 0.02%.
What’s Being Said
“At Lasaco, we will continue to ensure that our capital is always robust, so that we’re able to deliver on the mandates to the general public,” said Ademoye Shobo, Managing Director, Lasaco Assurance Plc.
The supplied market report did not include an independent analyst or investor comment on the session. An independent market voice should be added before publication to meet the newsroom’s full sourcing requirement.
What’s Next
Investors will watch subsequent NGX sessions for evidence of whether the selloff in major consumer-goods and blue-chip stocks continues or whether buying interest returns.
Market participants will also monitor the impact of LASACO’s additional shares on market capitalisation and trading dynamics following the completion of the rights-issue process. The rights issue comprises 9.24 billion shares priced at ₦2.00 each and forms part of the insurer’s recapitalisation programme.
Bottom Line
The Bottom Line: The session points to renewed profit-taking pressure across large-cap stocks, with consumer goods bearing the heaviest impact. The combination of weaker trading activity and heavy selling in BUA Foods and Unilever leaves investors watching closely for whether the correction deepens or stabilises in subsequent sessions.
 closed lower as profit-taking in BUA Foods, Unilever Nigeria and other major stocks pushed the...){kind=link}