Nigerian Equities Extend Rally as Investor Confidence Strengthens

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

July 8, 2026/United Capital Report

Market Summary:
  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in ARADEL (+8.68%) and DANGCEM (+3.15%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.27% to settle at 242,459.98 points
  • Year to date returns climbed to settle at 55.81%
  • Market capitalisation also rose by 2.27% to close at N155.59tn ($113.09bn)
  • Activity level in the market was mixed with the total value of stocks traded falling by 18.80% to settle at N22.75bn. Meanwhile, the total volume of stocks traded rose by 5.02% to settle at 518.43mn units

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