Bulls Tighten Grip as Market Capitalization Hits N160Trillion

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

May 11, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in MTNN (+2.32%) and DANGCEM (+8.46%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.33% to settle at 250,481.42 points
  • Year to date returns rose to settle at 60.96%
  • Market capitalization rose by 2.01% to close at N160.25tn ($117.71bn)
  • Activity level in the market improved with the total value and volume of stock traded rising by 24.38% and 39.32% to settle at N68.45bn and 1.49bn units respectively.

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