By Boluwatife Oshadiya | August 11, 2026
Key Points
- Equities market capitalisation falls ₦1.17 trillion to ₦159.26 trillion as profit-taking hits major stocks
- NGX All-Share Index drops 73 basis points to 246,723.57 after Monday’s ₦1.91 trillion gain
- Trading activity surges as 3.91 billion shares worth ₦32.38 billion change hands across 45,608 deals
Main Story
Nigeria’s equities market shed about ₦1.17 trillion in value on Tuesday, August 11, 2026, as investors sold major stocks including MTN Nigeria and FirstHoldCo following Monday’s strong rally.
According to market data cited by Atlass Portfolio Limited, the Nigerian Exchange (NGX) All-Share Index fell 1,806.18 points, or 73 basis points, to close at 246,723.57. Total market capitalisation declined by ₦1,165.87 billion to ₦159.26 trillion.
The decline followed a ₦1.91 trillion gain recorded in the previous session, with profit-taking pressure reported across large- and mid-cap stocks. MTN Nigeria, Dangote Sugar Refinery, GTCO and Nigerian Breweries were among the stocks weighing on market performance.
Despite the decline in prices, trading activity increased sharply. Atlass Portfolio said approximately 3,909.29 million units valued at ₦32,380.64 million were traded through 45,608 deals, representing increases of 243.77% in volume and 19.85% in value.
FTGINSURE dominated trading volume with 84.27% of total units traded, followed by TRANSEXPR at 2.17%, ACCESSCORP at 1.69%, CONHALLPLC at 1.39% and FIDELITYBK at 1.20%.
FTNCOCOA led the gainers with a 9.88% increase, while THOMASWY was the worst performer, declining 9.97%. MTNN fell 4.73%.
Market breadth was evenly split, with 27 stocks advancing and 27 declining.
What’s Being Said
Atlass Portfolio Limited’s market review showed that the session was characterised by increased trading activity alongside broad profit-taking in selected large- and mid-cap stocks. The data also showed that the Consumer Goods and Banking sectors declined, while Insurance and Oil & Gas gained.
No direct investor or analyst quotation was provided in the source material, so BizWatch Nigeria has not inserted an unverified quote.
What’s Next
Investors will watch whether selling pressure in large-cap stocks continues in the next trading session after Tuesday’s reversal.
Market participants will also monitor the performance of the Banking, Consumer Goods, Insurance, Oil & Gas and Industrial Goods sectors for signs of renewed sector rotation.
Bottom Line
The Bottom Line: Tuesday’s decline shows that the market’s strong Monday rally was followed by significant profit-taking rather than sustained broad-based buying. The sharp increase in trading volume suggests that investor activity remains high, but the direction of the next sessions will depend heavily on whether demand returns to the market’s major capitalisation stocks.
