NGX Dips Modestly as Even Market Activity Picks Up

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

May 5, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a negative note due to share price appreciation in MTNN (-8.63%) and ARADEL (-5.81%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.58% to settle at 242,750.15 points
  • Year to date returns fell to settle at 55.35%
  • Market capitalization fell by 0.58% to close at N155.15tn ($113.64bn)
  • Activity level in the market improved with the total value and volume of stocks traded rising by 71.57% and 31.09% to settle at N75.23bn and 1.27bn units respectively.

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