NGX records N32.73bn in block trades as First HoldCo and Seplat dominate
On Tuesday July 14 2026, the Nigerian Exchange recorded block trades worth approximately N32.73 billion across 19 deals in seven listed companies, triple the N7.23 billion recorded the previous week. First HoldCo and Seplat Energy together accounted for about 84% of the total value, with First HoldCo alone contributing nearly N19.43 billion from 285.5 million shares traded at prices between N68.00 and N72.10 per share.
This surge signalled strong institutional interest in bellwether stocks, helping the market snap a two‑day losing streak. The All‑Share Index rose 0.46% to 242,870 points, while market capitalisation grew by roughly N719 billion. The activity was concentrated in banking, telecommunications, oil & gas and consumer goods, suggesting renewed confidence in these sectors and potential near‑term price influence from large‑scale positioning.
Other notable block trades included MTN Nigeria (N3.57 billion), Stanbic IBTC (N848 million), GT CO (N555 million), Zenith Bank (N228 million) and Nestlé Nigeria (N110 million). Total volume traded reached 634.78 million shares, with total value traded at N53.34 billion. Year‑to‑date return stands at 56.07%. Given this concentration, investors may consider whether to increase exposure to these leaders or remain cautious about heightened volatility from large‑scale trades.