Stock market down 0.05% on profit-taking in UACN, 22 others

The stock market declined by 0.05% due to profit-taking in UACN and 22 other stocks.

The Nigerian stock market recorded a marginal decline of 0.05% on Wednesday, driven by profit-taking activities in UACN shares and 22 other companies. This slight downturn comes amid ongoing trading sessions where investors opted to realize gains. No further details on the specific impact or broader market capitalization were available from the reports. The event highlights typical market fluctuations influenced by investor behavior.

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Celebratory scene at Nigerian Stock Exchange as market cap reaches N100 trillion milestone.
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Nigerian stock market capitalization hits N100trn on reforms

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The Nigerian stock market has reached a capitalization of N100 trillion, driven by reforms and collaboration. This milestone highlights strong performance in 2025 for the nation's financial markets.

The Nigerian stock market declined by N557 billion due to profit-taking in Lafarge and 38 other stocks. This downturn reflects investors securing gains amid market fluctuations.

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The Nigerian stock market rose by 0.42% driven by investor interest in BUA Foods shares. This gain reflects optimism in the food sector amid broader market activities.

Japan's Nikkei share average dropped more than 1% on Tuesday, weighed down by declines in chip and AI-linked stocks ahead of key U.S. employment data. Investors adopted a wait-and-see approach amid upcoming economic releases.

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South Korean stocks closed lower on Wednesday, ending a three-day winning streak as retail investors took profits following a rally in tech and shipbuilding shares. The Korean won rose at its sharpest pace against the U.S. dollar in over three years after strong verbal intervention by foreign exchange authorities. The benchmark KOSPI fell 0.21 percent to 4,108.62.

Japan's Nikkei share average oscillated between gains and losses on Friday, weighed down by a selloff in technology stocks, as investors stayed cautious ahead of Sunday's general election. The benchmark Nikkei 225 index edged 0.1% higher to 53,881.69, positioning for a 1% weekly gain. The broader Topix rose 0.5% to 3,671.61.

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Tokyo stocks plunged on March 9, 2026, as surging oil prices fueled by escalating Middle East tensions rattled investors. The Nikkei 225 average fell 5.2% to close at 52,728.72, after dipping as much as 7.6% intraday. Fears of inflation and economic slowdown intensified amid the U.S.-Israeli conflict with Iran.

 

 

 

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