The downturn was driven by selloffs in key stocks, such as Red Star Express, Aradel, Presco, Living trust Mortgage Bank, Daar Communications, and 33 others.
Specifically, the market capitalization fell by 0.69 per cent to N129.125 trillion from N130.025 trillion.
Similarly, the All-Share Index dropped by 1,402.55 points or 0.69 per cent, closing at 201,156.86 points from 202,559.41 on Tuesday.
The Year-to-Date returns eased to 29.27 per cent, while market breadth closed negative with 38 losers against 31 gainers.
Red Star Express led the gainers’ chart by 9.98 per cent, closing at N25.70.
Aradel followed by 9.68 per cent, finishing at N1,210.30 and Presco dropped by 9.30 per cent, ending the session at N1,701.10 per share.
Similarly, Living trust Mortgage Bank dipped by 8.40 per cent, settling at N4.80 while Daar Communications fell by 7.50 per cent, closing at N1.85 per share.
On the other hand, Secure Electronics Technology led the gainers’ chart by 10 per cent, settling at N1.32.
Also Read: Nigerian stock market rebounds weekend
Guinness trailed by 9.92 per cent, closing at N423.20 while John Holt gained by 9.72 per cent, finishing at N11.85 per share.
Also, Sovereign Trust Insurance grew by 9.57 per cent, ending the session at N2.06 and Linkage Assurance increased by 9.33 per cent, closing at N1.64 per share.
Market activity picked up significantly with total trading volume soaring 246 per cent to 6.06 billion shares, valued at N130.06 billion across 58,562 transactions.
E-Tranzact emerged as the most traded stock by volume, with 5.15 billion units exchanged, representing 85.31 per cent of the day’s total volume.
Meanwhile, Dangote Cement led in value, with trades worth N56.48 billion, accounting for 43.42 per cent of the total market value.
The current share price of Aradel Holdings is NGN 1,210.30. ARADEL closed its last trading day (Wednesday, March 18, 2026) at 1,210.30 NGN per share on the Nigerian Stock Exchange, recording a 9.7% drop from its previous closing price of 1,340.00 NGN. Aradel began the year with a share price of 670.00 NGN and has since gained 80.6% on that price valuation, ranking it 23rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about ARADEL knowing the stock has accrued 11% over the past four-week period—22nd best on NGX.
NAN
