The Nigerian stock market experienced a decline last week following a period of sustained growth throughout May 2026. This downturn was primarily driven by investors engaging in profit-taking activities. Market analysts observed that the selling pressure was concentrated within major blue-chip and mid-cap companies. These specific firms had recently distributed dividends to their shareholders, prompting investors to liquidate positions. The trend represents a correction after the rally recorded in previous weeks. Overall, the market activity reflects a standard shift in investor behavior following dividend payouts.