The Nigerian Exchange Limited (NGX) closed the week ended June 11, 2026 on a positive note as investors gained approximately ₦1.38 trillion in market value amid increased trading activity during the four-day trading week.
The market operated for four sessions following the Federal Government’s declaration of Friday as a public holiday to commemorate Democracy Day.
At the close of trading, the NGX All-Share Index (ASI) advanced by 0.88 percent to settle at 244,738.74 points, up from 242,593.31 points recorded in the previous week. Equity market capitalisation rose accordingly to ₦156.97 trillion.
Investor participation improved during the review period as a total of 4.964 billion shares valued at ₦207.52 billion were exchanged in 235,966 deals. This compares with 3.966 billion shares worth ₦175.66 billion traded in 343,587 deals during the preceding week.
The Financial Services sector dominated trading activity, accounting for 4.116 billion shares valued at ₦84.61 billion in 96,165 deals.
The sector contributed 82.92 percent of total traded volume and 40.77 percent of total market value, underscoring continued investor preference for banking and financial stocks.
The Services sector followed with 232.48 million shares worth ₦4.96 billion, while the Industrial Goods sector recorded 144.99 million shares valued at ₦39.08 billion.
Trading activity remained heavily concentrated in a few financial stocks. Sterling Financial Holdings Company Plc, FCMB Group Plc and Access Holdings Plc jointly accounted for 2.883 billion shares worth ₦36.19 billion in 15,533 deals, representing 58.09 percent of total market volume and 17.44 percent of total value traded during the week.
Daily market activity remained robust throughout the week. Investors traded shares worth ₦58.05 billion on June 8, ₦57.87 billion on June 9, ₦38.81 billion on June 10 and ₦52.79 billion on June 11.
Sectoral performance was mixed. The NGX Insurance Index led sectoral gains with a 1.63 percent increase, followed by the NGX Main Board Index, which advanced 1.28 percent. The NGX 30 Index gained 1.05 percent, while the Banking Index rose 0.95 percent.
However, some indices closed lower. The NGX Industrial Goods Index declined by 1.00 percent, the Consumer Goods Index lost 0.54 percent, while the NGX AFR Bank Value Index and NGX MERI Value Index fell by 1.20 percent and 1.61 percent respectively.
Market breadth improved during the week as 40 equities appreciated in price compared to 23 gainers recorded in the previous week. A total of 53 equities declined, lower than the 65 losers recorded a week earlier, while 53 equities closed unchanged.
Associated Bus Company Plc emerged as the best-performing stock, gaining 25.60 percent from ₦6.21 to ₦7.80 per share. Consolidated Hallmark Holdings Plc advanced 23.13 percent to ₦8.25, while Abbey Mortgage Bank Plc appreciated by 21.93 percent to ₦11.40.
Infinity Trust Mortgage Bank Plc rose 20.32 percent, and Austin Laz & Company Plc gained 15.16 percent.
On the losers’ chart, Fidson Healthcare Plc recorded the steepest decline after shedding 25.86 percent to close at ₦101.20. Neimeth International Pharmaceuticals Plc fell by 19.34 percent, while UH Real Estate Investment Trust declined by 17.36 percent. SUNU Assurances Nigeria Plc lost 11.38 percent, while Unilever Nigeria Plc shed 10.26 percent.
In the exchange-traded products segment, investors traded 3.38 million units valued at ₦583.72 million in 5,703 deals. VETBANK led activity with 1.34 million units traded, while STANBICETF30 generated the highest value at ₦166.11 million.
The bond market recorded 61,816 units valued at ₦63.25 million in 32 deals, with FGSUK2032S7 emerging as the most actively traded bond by value.
Analysts said the strong increase in turnover and the dominance of financial stocks indicate sustained investor confidence in the equities market despite ongoing sector rotation and selective profit-taking in some consumer and industrial counters.
With liquidity remaining strong and institutional participation concentrated in banking and financial stocks, investors are expected to continue monitoring corporate disclosures, earnings expectations and macroeconomic developments for direction in the weeks ahead.
