Market Posts Fresh Gains as Investors Back Banking Stocks

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

August 6, 2026/United Capital Report

Market Summary:

 

  • Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in FCMB (+8.55%) and WEMABANK (+6.23%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 0.12% to settle at 245,209.34 points
  • Year to date returns rose to settle at 57.58%
  • Market capitalisation also rose by 0.12% to close at N158.28tn ($116.05bn)
  • Activity level in the market was negative with the total value and volume of stocks traded falling by 19.68% and 35.47% to settle at N20.46bn and 531.77mn units respectively.

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