Equities on the Nigerian Exchange (NGX) lost N1.32 trillion in market capitalization as investors booked profits across industrial goods, banking, and consumer stocks.
The sell-off reflects continued risk aversion among local market participants, with the largest constituents bearing the brunt of the liquidation.
39 trillion erosion earlier in the month as pressure mounted on the All-Share Index.
The decline adds to a challenging first half for the market, which recorded a total capitalization loss of N11.97 trillion in the first six months of 2026.
Recent sessions have seen pronounced pullbacks, including a N2.39 trillion erosion earlier in the month as pressure mounted on the All-Share Index.
Profit-taking remains the primary driver of the downturn, rather than new negative macroeconomic data.
Investors appear to be reducing exposure to high-beta sectors, particularly financials and consumer discretionary, amid broader uncertainty about near-term earnings resilience.