The Nigerian stock market experienced a robust recovery last week, providing investors with a total gain of N9.342 trillion. This shift follows a challenging period where the Nigerian Exchange Limited (NGX) suffered a decline of over N1.8 trillion due to selloffs initiated in late June 2026.
Market capitalization grew significantly, rising from N147.102 trillion to close at N156.444 trillion. Parallel to this, the All-Share Index (ASI) increased by 6.4%, moving from 229,240.34 to 243,798.76 points. Major contributors to this growth included Dangote Cement, which jumped 17.51%, alongside Airtel Africa at 10%, MTNN at 8%, and ARADEL at 19.67%. These increases helped push the year-to-date return to 56.8%.
Financial experts observed that the market trended upward for most of the week as participants shifted capital toward established large and medium-cap stocks. This trend highlights a resilient investor confidence in the local market, even amid broader global economic instability. In total, 3.648 billion shares valued at N220.568 billion were traded across 251,861 transactions. The financial services sector dominated activity, accounting for roughly 79% of the total trading volume.
