started · updated
Nigerian Exchange rebounds, adding N71 bn market value
The Nigerian Exchange (NGX) closed higher on Wednesday, with the All‑Share Index gaining 0.04% to 244,912.24 points and market capitalisation rising by roughly N71 billion to about N158.09 trillion. The uplift was led by strong performances in Nestlé Nigeria Plc and major banking stocks such as First HoldCo and FCMB Group, while Linkage Assurance posted the day’s biggest price increase at 9.94%.
In the ETF segment, nine of the twelve NGX‑listed exchange‑traded funds posted gains in July 2026, highlighted by Greenwich Alpha ETF’s 30.41% monthly rise. However, market breadth remained negative, with more decliners than advancers, and trading volume fell 47% to 824 million shares.
A later session saw the market reverse, with a N599 billion drop in market capitalisation and the All‑Share Index slipping 0.38% after profit‑taking in Nestlé Nigeria and 39 other stocks.
Entities
AVA Capital · FCMB Group · First HoldCo · Greenwich Alpha ETF · Multiverse Mining & Exploration · NGX All‑Share Index · Nestlé Nigeria Plc · Nigerian Exchange (NGX) · Nigerian Exchange Limited (NGX)
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Greenwich Alpha ETF posted a 30.41% monthly gain in July 2026. bizwatchnigeria.ng
- [● 4 SOURCES] Gains were driven by Nestlé Nigeria Plc and banking stocks such as First HoldCo and FCMB Group. dailyreport.ng · nationaldailyng.com · punchng.com · nairametrics.com
- [○ 1 SOURCE] The NGX market later lost N599 billion in market capitalisation, with the All‑Share Index falling 0.38%. www.thisdaylive.com
- [● 4 SOURCES] Linkage Assurance was the top gainer, rising about 9.94%. dailyreport.ng · nationaldailyng.com · punchng.com · nairametrics.com
- [○ 1 SOURCE] Nine of twelve NGX‑listed ETFs recorded positive returns in July 2026. bizwatchnigeria.ng
- [● 4 SOURCES] Market capitalisation increased by about N71 billion to roughly N158.09 trillion. dailyreport.ng · nationaldailyng.com · punchng.com · nairametrics.com
- [● 4 SOURCES] Market breadth was negative on the rebound day, with more decliners than advancers. dailyreport.ng · nationaldailyng.com · punchng.com · nairametrics.com
- [DISPUTED] NGX All‑Share Index rose 0.04% to 244,912.24 points on the rebound day. dailyreport.ng · nationaldailyng.com · punchng.com · nairametrics.com