Stock market rebounds as investors gain N9.3trn in 5 days
Nigerian Stock Market Rebounds, Investors Gain Over N9 Trillion
By Peter Egwuatu
The Nigerian stock market experienced a significant rebound last week, closing on a bullish note with investors gaining N9.342 trillion. This recovery follows a challenging previous week, during which the Nigerian Exchange Limited (NGX) saw losses exceeding N1.8 trillion amid widespread selloffs that began at the end of June 2026.
Market data indicated that the NGX market capitalization, which represents the total value of stocks listed on the Exchange, surged to N156.444 trillion, up from N147.102 trillion the previous week.
Furthermore, the NGX All Share Index (ASI), a critical indicator of stock price movements across the market, recorded a 6.4% increase, closing at 243,798.76 points, compared to 229,240.34 points in the previous week.
This positive shift was largely attributed to gains in key stocks, including Dangote Cement, which rose by 17.51%; Airtel Africa, which increased by 10%; MTNN, which saw an 8% rise; and ARADEL, which surged by 19.67%. As a result, the market’s year-to-date return improved to 56.8%.
Analysts noted that the market maintained an upward trend throughout the trading session last week, with the exception of Friday. Investors continued to reposition funds into fundamentally sound large and medium-cap stocks, signaling ongoing confidence in Nigeria’s stock market despite prevailing geopolitical risks in the global economy.
A total turnover of 3.648 billion shares, valued at N220.568 billion, was transacted last week across 251,861 deals. This contrasted with the previous week’s volume of 3.821 billion shares, worth N154.393 billion, traded in 258,567 deals.
The Financial Services Industry led the trading activity, with 2.899 billion shares valued at N147.360 billion changing hands in 106,603 deals. This sector contributed 79.48% to the total equity turnover volume and 66.81% to the overall value.
