May 25, 2026
By Peter Egwuatu
After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market.
Analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders.
A review of activity on the Nigeria Exchange Limited, NGX, last week, showed that sell pressures on BUA Cement resulted in its share price decline by 3.5%. GTCO recorded a 1.2% decline, Dangote Sugar decline 4.4%, NASCON went down 5.4% and UACN down by 5.0% to drag the NGX All Share Index, ASI, lower by 0.24% Week-On-Week, WoW, to 249,540.75 points from 250,339.92 points the previous week.
