Nigerian stocks fall as selling in First HoldCo and Fidelity Bank weighs on NGX
Nairametrics · Aug 19, 2026 · 1 min read
Nigeria's equities market closed lower on August 18, 2026, with the NGX All Share Index down 0.35% and market value shedding N544.5 billion as First HoldCo and Fidelity Bank led selling.
Nigeria's equities market posted another decline on Tuesday, August 18, 2026, as selling pressure in major stocks pulled the benchmark lower. First HoldCo and Fidelity Bank were identified as key counters behind the move.
The NGX All Share Index closed at 241,611.23 points after a 0.35% drop, according to details reported by Nairametrics. The market's value also fell by N544.5 billion during the session.
The latest move extends the recent downward trend on the local bourse, with profit-taking in large cap shares cited as the main factor behind the decline. Nairametrics said the selling in First HoldCo and Fidelity Bank featured prominently in the session's losses.
The report points to continued weakness in the equities market at the close of trading on August 18, with the benchmark index and overall market value both ending lower.
Source: Nairametrics.
Source: Nairametrics. Headline, a short excerpt and our own summary, carried with attribution.