Nigerian Aviation Handling Company Plc (NAHCO) suffered a sharp selloff on Tuesday as investors took profit, pushing the company’s share price down by almost 10% on the Nigerian Exchange (NGX).
NAHCO declined by 9.99% to N136.10 per share on November 10, 2026 from N151.20 recorded in the previous trading session.
The N15.10 decline made the aviation handling company the worst-performing stock on the Exchange for the day.
The selloff suggests investors moved to lock in gains following previous appreciation in the stock with selling pressure overwhelming demand during Tuesday’s session.
NAHCO’s decline came as the broader equities market also struggled to sustain Monday’s rebound.
The NGX All-Share Index slipped 0.06% to 252,313.16 from 252,456.74, while equity market capitalisation declined by approximately N93.24 billion to N163.825 trillion.
However, the broader market decline was substantially smaller than the correction recorded in NAHCO, pointing to stock-specific selling pressure rather than a market-wide retreat.
Red Star Express followed NAHCO among Tuesday’s biggest decliners, falling 9.85% from N13.70 to N12.35.
LivingTrust Mortgage Bank declined 9.79% to N2.58, Abbey Mortgage Bank dropped 5.22% to N6.35, while Caverton Offshore Support Group shed 4.29% to N3.35.
Despite the decline in the benchmark index, trading volume increased 20.3% to 545.30 million shares from 453.31 million shares in the previous session.
The divergence between rising market activity and NAHCO’s steep decline highlights the increased selling pressure on the company’s shares during Tuesday’s trading session.