@AlfaAdam001 The most disturbing thing is when you invested 5 thousand naira into a stock and it Does over 200% because you don't have enough equity to increase your volume
BUA Cement closed the day down 10%, and the market is suddenly full of fear.
But this is what happens when a stock runs too fast. After hitting fresh highs recently, profit-taking was bound to show up. The red may look scary, but one trading session doesnβt change the business
NGX Market Wrap β Monday 18th May 2026
NGXASI closed at 250,311 pts (-0.01%) YTD return: +60.85% π
Market was mixed β 39 decliners vs 40 gainers.
Winners today:π’ NGX Banking +0.17% β ZENITH +0.78%, FIRSTHOLDCO +0.43% π’ NGX Oil & Gas +0.40% β ARADEL and OANDO in support
Under pressure:π΄ NGX Consumer Goods -0.26% π΄ NGX Insurance -0.20% π΄ NGX Industrial -0.09% β WAPCO -0.59%
UBA was the most traded stock by volume today. ARADEL led by value.
The index held above 250,000. Banks are quietly doing the work.
Turnover: β¦37.02bn | Mkt Cap: β¦161.03trn