Trading on the Nigerian stock market closed bullishly on Friday, July 3, 2026, culminating in a N3.156 trillion gain for investors over the week. This positive performance was primarily fueled by renewed investor interest in banking, telecommunications, and oil and gas sectors.
The market capitalization saw a significant increase of 2.19%, moving from an opening value of N143.946 trillion to close at N147.102 trillion. Concurrently, the All-Share Index also gained 2.19%, or 4,918.37 points, rising from 224,321.97 to settle at 229,240.34.
The market's Year-to-Date (YTD) return improved to 47.31%, reflecting sustained positive momentum. The market breadth closed positive, indicating a healthy sentiment with 39 stocks appreciating while 14 declined.
Top Performers and Laggards
Among the top gainers, Airtel Africa, The Initiates, Omatek Ventures, Daar Communications, and Universal Insurance each recorded a 10% increase. Their closing prices were N5,274, N25.85, N1.76, N1.65, and 88k per share, respectively.
Conversely, International Energy Insurance led the losers' chart, dropping by 9.96% to close at N4.70. Meyer followed with a 9.95% decline, ending the session at N18.55, while Fortis Global Insurance shed 9.80%, finishing at N3.22 per share.
Sovereign Trust Insurance also dipped by 5.34%, closing at N1.95, and Veritas Kapital Assurance saw a 5.07% reduction, settling at N1.31 per share.
Trading Activity Summary
Market activity experienced a slowdown during the session, with trading volume falling by 46.82% to 454.92 million shares. These transactions were valued at N27.61 billion and executed in 48,214 deals.
Zenith Bank dominated the activity chart by volume, trading 49.78 million shares, which accounted for 10.94% of the total volume. The stock also registered the highest traded value at N5.16 billion, representing 18.70% of the market’s total value.
