Last month was bloody in the Nigerian stock market
By "bloody," I mean the experience of many investors—especially those who only discovered the Nigerian Stock Exchange (NGX) within the last 18 months.
For them, June was probably the first time they experienced a significant market correction
The NGX began an impressive bull run towards the end of 2024 and maintained that momentum throughout much of 2025.
Many companies delivered returns that few people expected
As prices continued to rise, conversations about Nigerian stocks exploded across social media
Suddenly, everyone wanted to talk about the NGX
People who had never invested before opened brokerage accounts
Friends started recommending stocks to friends
Some people even invested simply because they didn't want to miss out
That's what usually happens during a bull market
Then Came June...
June didn't just slow the market down
It reminded investors that markets don't move in one direction forever
Prices began to fall
Portfolios turned red
The excitement faded
Almost overnight, the conversations about Nigerian stocks reduced drastically
Some investors even deleted their investment apps because they couldn't bear looking at the *unrealized* losses in their portfolios
That reaction isn't unique to Nigeria
It happens in every market around the world
One thing I've observed over the years is this:
When prices are rising, people become overconfident - they invest aggressively
Some even borrow money or invest funds they'll need in the short term because they believe prices will continue to go higher
Then, when prices begin to fall...
Fear replaces excitement
The same people who couldn't stop buying suddenly stop investing completely
Some even sell quality investments at a loss out of panic
What they tend to forget is that volatility is the beauty of the stock market
Question for you; did you panic sell or you bought more stocks in June?
See poll below
#moneylessons247
1July 9, 2026 275
