By Boluwatife Oshadiya | June 9, 2026
Key Points
- Nigerian equities investors gained N714.33 billion as the NGX opened the week higher
- The All-Share Index advanced 0.46% to close at 243,707.07 points
- OANDO, MTNN, FCMB, ARADEL and FIRSTHOLDCO led fresh buying interest across key sectors
Main Story
Investors on the Nigerian Exchange (NGX) gained more than N714 billion on Monday as renewed bargain hunting reversed part of last week’s market sell-off.
The NGX All-Share Index rose by 1,113.76 points, representing a 0.46% increase, to close at 243,707.07 points. Consequently, market capitalisation climbed by N714.33 billion to settle at N156.31 trillion.
Buying interest was concentrated in several blue-chip and mid-cap stocks, including OANDO, MTN Nigeria, FCMB Group, Aradel Holdings and First HoldCo, helping lift sentiment across major sectors of the market.
Trading activity also improved significantly. According to Atlass Portfolio Limited, investors exchanged approximately 717.16 million shares valued at N56.66 billion across 73,321 deals. This represented increases of 17.87% in volume traded and 76.99% in value traded compared to the previous session.
FCMB emerged as the most actively traded stock by volume, accounting for 24.30% of total transactions, while MTN Nigeria dominated value trades with 16.01% of total market turnover.
Sectoral performance remained largely positive, with Oil and Gas, Insurance, Banking and Consumer Goods indices posting gains. Industrial Goods was the only sector that closed marginally lower.
What’s Being Said
“The market recorded renewed bargain hunting across key counters as investors took advantage of recent price corrections,” Atlass Portfolio Limited said in its market update.
Market analysts noted that sustained interest in banking and telecommunications stocks continues to support overall market resilience despite profit-taking activities in selected counters.
What’s Next
- Investors will monitor second-quarter corporate earnings expectations for fresh market direction.
- Market participants are expected to focus on banking, telecoms and energy stocks that continue to attract institutional interest.
- Analysts will also watch inflation and monetary policy developments for their impact on equity valuations.
Bottom Line
The Bottom Line: Monday’s rebound highlights the resilience of investor appetite despite recent market volatility. Sustained gains, however, will depend on corporate earnings performance and broader macroeconomic conditions in the months ahead.
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