Stock market rebounds as investors gain N9.3trn in 5 days
Stock market rebounds as investors gain N9.3trn in 5 days
By Peter Egwuatu
The Nigerian stock market experienced a notable recovery, finishing last week’s trading with bullish sentiment as investors increased their wealth by N9.342 trillion.
The Nigerian Exchange Limited, NGX, saw a decline of more than N1.8 trillion the week before, due to a series of sell-offs that impacted the market since the final week of June 2026.
An analysis of the previous week’s trading indicates that the total market capitalisation for NGX, representing the cumulative worth of listed stocks, increased from N147.102 trillion to N156.444 trillion.
In a similar vein, another key performance metric, the NGX All Share Index, ASI, which reflects the price fluctuations of all stocks, rose by 6.4%, finishing at 243,798.76 points compared to 229,240.34 points.
This positive trend was predominantly fueled by significant gains in major stocks, including Dangote Cement, which climbed by 17.51%, Airtel Africa by 10%, MTNN by 8%, and ARADEL by 19.67%.
As a result, the Year to Date (YtD) return for the market increased to 56.8%.
Market analysts observed that the upward momentum was maintained throughout last week, apart from Friday, as investors consistently moved funds into fundamentally strong large and medium-cap stocks. The ongoing influx of investments into these blue-chip companies highlights the confidence in Nigeria’s stock market, even amidst escalating geopolitical uncertainties in the global economy.
Last week, investors conducted transactions involving a total of 3.648 billion shares valued at N220.568 billion across 251,861 deals on the Exchange, a shift from the 3.821 billion shares worth N154.393 billion that changed hands in the week prior through 258,567 deals.
The Financial Services Industry, assessed by volume, dominated the trading landscape with 2.899 billion shares worth N147.360 billion exchanged in 106,603 deals, thereby accounting for 79.48% of the total equity turnover volume and 66.81% of the total value. The Services
