The Nigerian stock market recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion.
The Nigerian Exchange Limited, NGX, had recorded a loss of over N1.8 trillion previous week following a wave of selloffs that had hit the market since last week of June, 2026.
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.
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%.
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.
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.