Market Pulls Back as Investors Take Profits

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

July 24, 2026/United Capital Report

Market Summary:

 

  • Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in PRESCO (-10.00%) and UBA (-4.37%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.19% to settle at 247,357.40 points
  • Year to date returns fell to settle at 58.96%

 

  • Market capitalisation also fell by 0.19% to close at N159.59tn ($116.68bn)

 

  • Activity level in the market was negative with the total value and volume of stocks traded falling by 41.47% and 21.45% to settle at N32.95bn and 614.55mn units respectively.

 

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