Market Bounces Back as Bulls Regain Control

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March 2, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in ARADEL (+9.99%) and MTNN (+3.03%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 1.39% to settle at 195,514.00 points
  • Year to date returns rose to 25.64%
  • Market capitalisation also rose by 1.39% to close at N125.49tn ($92.04bn)
  • Activity level in the market was mixed with the total value of stocks traded rising by 0.94% to settle at N35.08bn
  • Meanwhile, the volume of stocks traded fell by 4.12% to settle at 789.85mn units

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