Nigerian Exchange Gains N719bn as Market Rebounds

On July 14 2026 the Nigerian Exchange (NGX) reversed two days of losses. The All‑Share Index rose 0.46 % to 242,870.44 points and market capitalisation increased by roughly N719 billion to N155.85 trillion. Gains were led by large‑cap stocks such as MTN Nigeria (+1.23 %), First HoldCo (+9.98 %), Zenith Bank and Transcorp Hotels, while the market breadth turned positive with 24 gainers against 22 losers.

Trading activity surged, with total volume up 21 % to about 634.8 million shares and total value climbing to N53.34 billion across 42,494 deals. Institutional block‑trade activity was strong: major deals totalled approximately N32.73 billion spread over 19 trades, dominated by First HoldCo and Seplat Energy, which together accounted for roughly 84 % of the value.

The rebound followed a prior session in which profit‑taking wiped N1.32 trillion from the market, the All‑Share Index fell 0.84 % to 241,749.11, and market capitalisation slipped to N155.13 trillion. Major decliners then included PZ Cussons, BUA Cement and Red Star Express, while International Breweries and other stocks posted gains. The latest swing underscores renewed investor confidence in the Nigerian equity market after a brief bearish spell.