NGX investors lose N3.8 trillion in four days after Tinubu visit

NGX investors lost a total of N3.8 trillion over four trading sessions from Tuesday to Friday, following a visit by NGX leadership to President Bola Ahmed Tinubu on August 6. The market shed N2.932 trillion on Tuesday and Wednesday, N613 billion on Thursday, and N257 billion on Friday. Consequently, market capitalisation fell 0.16% to N156.623 trillion from N156.880 trillion, and the All-Share Index dropped 398.18 points (0.16%) to close at 242,619.20.

The decline was led by sell-offs in Fortis Global Insurance, which fell 9.31% and accounted for 61.8% of Friday’s trading volume, while International Energy Insurance topped gainers with a 9.92% rise to N5.32. Overall trading activity weakened, with volume down 66.6% to 1.41 billion shares worth N45.31 billion across 39,134 deals; MTN Nigeria contributed N31.37 billion of the traded value.

Despite the losses, President Tinubu praised NGX reforms and confirmed that the Nigerian National Petroleum Company Limited would be listed on the exchange.

Given this sharp downturn and the promised NNPC listing, will you reassess your portfolio’s exposure to equities, consider diversifying into other assets, or wait for the NNPC debut before making new investments?

SOURCE: https://dailypost.ng/2026/08/15/ngx-investors-lose-whopping-n3-8-trillion-after-tinubu-visit/