The Nigerian stock market extended its positive momentum on Tuesday, July 7, 2026, as investors gained N1.865 trillion, driven by sustained buying interest across all major sectors. The rally was fueled by gains in industrial goods, insurance, oil & gas, consumer goods, and banking stocks, with all key sectoral indices closing in positive territory.
Market Indices Rise
At the close of trading, the NGX All-Share Index (ASI) advanced from 234,178.23 points to 237,083.28 points, while market capitalisation increased from N150.271 trillion to N152.136 trillion. This represents a gain of N1.865 trillion in a single day, reflecting strong investor confidence.
According to data from the Nigerian Exchange Group (NGX), the market rally was broad-based, with industrial stocks leading the charge. The NGX Industrial Goods Index rose by 3.36%, the highest among the sectoral indices. The NGX Insurance Index followed with an increase of 1.18%, while the NGX Oil & Gas Index advanced by 0.60%. The NGX Consumer Goods Index gained 0.49%, and the NGX Banking Index edged up by 0.07%.
Top Gainers and Losers
Among the top gainers, Zichis led the pack, rising from N24.20 to N26.62, a gain of N2.42 or 10.00%. Cadbury Nigeria advanced from N56.00 to N61.60, adding N5.60 (10.00%). NAHCO increased from N133.65 to N147.00, gaining N13.35 (9.99%). DAAR Communications climbed from N1.81 to N1.99, up N0.18 (9.94%), and Caverton rose from N5.05 to N5.55, gaining N0.50 (9.90%).
On the downside, Critical Minerals Financing Corp fell from N3.70 to N3.33, losing N0.37 (10.00%). Trans-Nationwide Express declined from N3.00 to N2.70, shedding N0.30 (10.00%). Fortis Global Insurance dropped from N2.90 to N2.61, losing N0.29 (10.00%). Ecobank fell from N95.20 to N85.70, down N9.50 (9.98%), and Mecure declined from N94.90 to N85.45, losing N9.45 (9.96%).
Most Active Stocks
Trading activity was robust, with a total of 493.7 million shares worth N28.0 billion exchanged in 49,969 deals. Zenith Bank led the volume chart with 94.3 million shares valued at N9.9 billion. Fidelity Bank traded 32.6 million shares worth N587.4 million. Sterling Holdings exchanged 28.6 million shares valued at N218.1 million. Linkage Assurance traded 18.9 million shares worth N28.6 million, and Jaiz Bank recorded 15.3 million shares valued at N123.6 million.
The strong performance across sectors indicates renewed investor confidence in the Nigerian equity market, driven by positive economic fundamentals and corporate earnings expectations.
