Intraday Update: Nigerian Stocks Inch Up +0.47%, Driven by Bellwether Counters

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July 23, 2026/InvestmentOne Report

ASI as at 12:30pm: +0.47%

Market Movers: FIRSTHOLDCO (+4.76%), MTNN (+1.92%)MECURE (-9.94%) and UACN (-7.98%).

Sector Performances: Consumer Goods (+1.16%)Banking (+1.10%), Industrial (-0.32%), and Oil & Gas.

Market activity: In today’s trade, total volume and value increased by 122% and 301% respectively when compared to this time yesterday, as investors have traded about 902 million units of shares worth NGN88.85 billion. 

FIRSTHOLDCO (+4.76%) is the most traded stock by volume and value with about 718 million units of shares worth about NGN78.89 billion accounting for 80% of the total volume and 89% of the total value. 

Likely close: In the absence of any significant declines in the share price of AIRTELAFRIDANGCEM and MTNN, the market should close positive.

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