Equities Market Closes Strong as Buying Pressure Intensifies

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

May 8, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in DANGCEM (+10.00%) and GTCO (+3.60%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.06% to settle at 244,670.65 points
  • Year to date returns rose to settle at 57.23%
  • Market capitalization rose by 2.06% to close at N157.03tn ($115.42bn)
  • Activity level in the market declined with the total value and volume of stock traded rising by 23.74% and 41.73% to settle at N55.04bn and 1.07bn units respectively

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