The Nigerian stock market experienced a sharp decline on Monday, with the benchmark All-Share Index (ASI) falling 1.26% to close at 145,159.77 points, as losses in the cement sector weighed heavily on investor sentiment.

Shares of Dangote Cement Plc led the downturn, dropping nearly 10%, while Aradel Holdings Plc witnessed substantial trading activity, with deals totaling ₦21.4 billion. The market capitalisation of the Nigerian Exchange Limited (NGX) slipped to ₦92.3 trillion from ₦93.5 trillion, reflecting heightened market caution.

Trading volumes slowed significantly, with 388.1 million shares changing hands, down from 671 million in the previous session. Analysts note that the sharp cement stock selloff drove much of the market decline, even as large trades in Aradel Holdings indicated repositioning by major investors or block transactions.

Market watchers advise investors to monitor developments closely, as the selloff could present both risks and strategic opportunities amid ongoing volatility. Visit www.jocomms.com for more news.