NGX Meltdown: Investors Lose N1.5 Trillion in Three Days as Market Bleeds Again

Nigeria’s stock market has slipped deeper into red territory, wiping out a massive N1.5 trillion from investors’ pockets in just three trading days. The sell-off, which started on Monday, has dragged the Nigerian Exchange Limited (NGX) into another worrying downturn—barely a week after showing signs of recovery from a historic N7 trillion crash.

A Week That Started on a Bad Note

The market opened the week with heavy losses:

Monday: N1.17 trillion gone

Tuesday: N110.20 billion wiped off

Wednesday: Another N216 billion slump

In total, investors watched N1.50 trillion evaporate.

The persistent sell pressure pushed the All-Share Index (ASI) down from 145,159.77 points on Monday to 144,646.01 points by Wednesday. Market capitalisation also followed the same downward spiral, slipping from N92.329 trillion to N92.002 trillion within the same period.

Why the Market Is Falling

Market data show that the latest round of declines is driven by heavy sell-offs in big and mid-tier stocks such as:

Dangote Cement

Universal Insurance

ABC Transport

LivingTrust Mortgage Bank

These sell-offs have kept the market under pressure, despite broader economic expectations of a rebound.

Some Stocks Still Defied the Trend

Not everything was gloomy. A few stocks managed to shine, posting gains amid the market-wide downturn. Top performers during the dip include:

NCR Nigeria

Sovereign Trust Insurance

Tantaliser

UAC

Caverton

Prestige Insurance

These equities provided some relief for investors seeking bright spots in an otherwise dark week.

What This Means for Investors

The renewed decline is raising fresh concerns, especially as it follows closely after the NGX attempted to bounce back from a major crash that had erased N7 trillion from the market. Analysts warn that investor sentiment remains fragile, and continued sell pressure could push the market into deeper correction territory.

For now, all eyes are on market fundamentals, government policy signals, and corporate earnings to determine whether this is a temporary dip—or the start of another prolonged downturn.