The Nigerian equities market closed the shortened trading week in positive territory, with the NGX All-Share Index (ASI) advancing 0.6% week-on-week despite ending Thursday’s session lower.
The benchmark index shed 0.05% on Thursday, June 11, to close at 244,738.74 points, while market capitalization declined by N72.74 billion to N156.97 trillion from N157.05 trillion recorded in the previous session.
However, gains recorded earlier in the week were sufficient to keep the market firmly in positive territory on a weekly basis. The week’s performance marks a recovery from the previous week, when the market suffered its steepest decline of 2026, falling 3.11% amid broad-based profit-taking.
Trading data from the Nigerian Exchange Group (NGX) showed that losses in banking and consumer goods stocks weighed on Thursday’s session, offsetting gains recorded in insurance, oil and gas, and industrial goods counters.
The market’s resilience was largely driven by sustained buying interest in several heavyweight stocks over the four-day trading week, including Airtel Africa (+10.0%), First HoldCo (+11.5%), Oando (+10.4%), MTN Nigeria (+3.2%), and GTCO (+0.9%). The performance of these bellwether stocks helped the market reverse the sharp post-holiday sell-off that marked the start of the week and ultimately delivered a positive weekly close.
At the end of trading, the market’s month-to-date and year-to-date returns stood at +1.0% and +57.3% respectively.
Thursday’s session at a glance:
Although the market closed marginally lower, investor participation strengthened considerably.
- ASI: 244,738.74 points, down -0.05%
- Market Capitalisation: N156.97 trillion, down -N72.74 billion
- Volume Traded: 1.72 billion shares, up +40.29%
- Value Traded: N52.81 billion, up +35.96%
- Deals: 49,807, down -8.09%
- Year-to-date Return: 57.27%
Market breadth reflected a broadly neutral sentiment, with 31 gainers matching 31 losers, but supported by renewed demand for large-cap and fundamentally strong stocks.
Highlights of sector performance:
- Insurance Index: +0.73%
- Oil & Gas Index: +0.10%
- Industrial Goods Index: +0.09%
- Consumer Goods Index: -0.23%
- Banking Index: -0.17%
- Commodity Index: flat
Top 5 Gainers:
- Consolidated Hallmark Holdings — up 10.00% to N8.25 from N7.50
- Enamelware Plc (ENAMELWA) — up 10.00% to N40.70 from N37.00
- Learn Africa Plc (LEARNAFRICA) — up 10.00% to N11.00 from N10.00
- University Press Limited — up 10.00% to N5.50 from N5.00
- ABC Transport (ABCTRANS) — up 9.86% to N7.80 from N7.10
Top 5 Losers:
- International Energy Insurance — down 10.00% to N7.11 from N7.90
- May & Baker Nigeria — down 8.51% to N43.00 from N47.00
- Tripple Gee and Company — down 8.47% to N4.00 from N4.37
- Abbey Mortgage Bank — down 7.69% to N11.40 from N12.35
- Axa Mansard Insurance — down 6.67% to N12.60 from N13.50
Among the top gainers, Learn Africa, Nigerian Enamelware, University Press and Consolidated Hallmark Holdings appreciated by 10% each to close at N11.00, N40.70, N5.50 and N8.25 per share, respectively.
Associated Bus Company gained 9.86% to close at N7.80, while The Initiates Plc (TIP) advanced by 9.85% to N33.45 per share. On the losers’ table, International Energy Insurance led with a 10% decline to close at N7.11 per share. May & Baker Nigeria followed with a loss of 8.51% to N43.00, while Tripple Gee & Company fell by 8.47% to close at N4.00 per share. Abbey Mortgage Bank dropped 7.69% to N11.40, while AXA Mansard Insurance shed 6.67% to close at N12.60 per share.
Top 5 by Volume:
- FCMB Group (FCMB) — 584.87 million shares, valued at N5.92 billion
- Access Corporation (ACCESSCORP) — 579.82 million shares, valued at N13.95 billion
- United Bank for Africa (UBA) — 403.78 million shares, valued at N10.35 billion
- Nigerian Exchange Group (NGXGROUP) — 262.39 million shares, valued at N27.18 billion
- International Energy Insurance (IEI) — 230.11 million shares, valued at N1.64 billion
