NGX loses N1.17 trillion as MTN Nigeria, First HoldCo lead profit-taking

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The Nigerian Stock Exchange Market saw a sharp pullback on August 11, 2026, with large-cap stocks such as MTN Nigeria and First HoldCo leading profit-taking activities that erased approximately N1.17 trillion in investor wealth after a prior rally.

The Nigerian equities market pulled back sharply on Tuesday, August 11, 2026, ending a four-session winning streak as profit-taking in large-cap stocks like MTN Nigeria, First HoldCo triggered a reversal of part of Monday's record rally, wiping approximately N1.17 trillion off investors' wealth. The post NGX loses N1.17 trillion as MTN Nigeria, First HoldCo lead profit-taking appeared first on Nairametrics.