The Nigerian Exchange Ltd (NGX) recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion.
The NGX had recorded a loss of over N1.8 trillion the previous week following a wave of selloffs that had hit the market since the last week of June, 2026.
The breakdown of trading last week shows that the NGX market capitalisation, which reflects the total value of stocks listed on the Exchange, closed at N156.444 trillion from N147.102 trillion the previous week.
Similarly, another strong market performance indicator, NGX All Share Index, ASI, which shows the price movements of all stocks surged by 6.4% to close at 243,798.76 points from 229,240.34 points.
According to the capital market, the positive performance was largely driven by gains in heavyweight stocks such as Dangote Cement, which rose by 17.51%, Airtel Africa 10%, MTNN 8% and ARADEL 19.67% .
Consequently, the market’s Year to Date,YtD return strengthened to 56.8%.
Some analysts noted that the market maintained its upward trajectory throughout the trading session last week except for Friday trading, as investors continued to rotate funds into fundamentally sound large and medium-cap stocks.
The sustained inflow of funds into blue-chip equities underscores confidence in Nigeria’s stock market despite heightened geopolitical risks in the global economy.
The report stated that a total turnover of 3.648 billion shares worth N220.568 billion in 251,861 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.821 billion shares valued at N154.393 billion that exchanged hands penultimate week in 258,567 deals.
The Financial Services Industry led the activity chart with 2.899 billion shares valued at N147.360 billion traded in 106,603 deals: thus contributing 79.48% and 66.81% to the total equity turnover volume and value respectively.
Meanwhile, investors lost N103 billion on Friday as profit-taking in major stocks ended the market’s positive trends in five sessions.
The bearish sentiment was driven by sell-offs in large and mid-cap stocks, including Thomas Wyatt, Ikeja Hotel, Guinness Nigeria, Zichis Agro Allied Industries and McNichols, alongside declines in 23 other equities.
Consequently, the market capitalisation dropped by 0.07 per cent to N156.444 trillion from N156.547 trillion recorded on Thursday.
The All-Share Index (ASI) also fell by 159.97 points, or 0.07 per cent, to close at 243,798.76, compared with 243,958.73 in the previous session.
As a result, the market’s Year-to-Date (YTD) return moderated to 56.67 per cent.
Despite the decline, market breadth remained positive, with 31 gainers against 28 losers.
Thomas Wyatt topped the losers’ chart with a 10 per cent decline to close at N2.43 per share.
Guinness Nigeria followed, shedding 9.99 per cent to N329, while Ikeja Hotel lost 9.96 per cent to close at N42.50.
Zichis Agro Allied Industries fell by 9.94 per cent to N26.37, while McNichols dropped 9.91 per cent to close at N5 per share.
On the gainers’ chart, Nigeria Infrastructure Debt Fund appreciated by 10 per cent to close at N148.50.
International Breweries gained 9.92 per cent to N13.30, while NEM Insurance rose by 9.61 per cent to N27.95 per share.
Jaiz Bank advanced by 6.36 per cent to N9.20, while UPDC appreciated by 6.33 per cent to close at N4.20 per share.
Trading activity closed weaker, with total volume traded declining by 73.36 per cent to 441.27 million shares worth N19.40 billion in 44,938 deals.
ACCESSCORP emerged as the most traded stock by volume, accounting for 40.17 million shares, representing 9.11 per cent of the total volume traded, while Zenith Bank led the value chart with transactions worth N2.47 billion, representing 12.77 per cent of the total value traded.
GIK/APA