Market Rebounds Sharply as Banking and Telecom Stocks Shine

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July 3, 2026/United Capital Report

Market Summary:

 

  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in MTNN (+4.17%) and ZENITHBANK (+4.71%)

 

  • As  result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.19% to settle at 229,240.34 points

 

  • Year to date returns climbed to settle at 47.31%

 

  • Market capitalisation also rose by 2.19% to close at N147.10tn ($107.36bn)

 

  • Activity level in the market declined with the total value and volume of stocks traded falling by 2.86% and 46.82% to settle at N27.61bn and 454.92mn units respectively

 

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