Nigerian stock market rebounds Monday, investors gain N1.52tn after week of losses
The Nigerian Stock Exchange (NGX) rebounded strongly on Monday, June 23, 2026, reversing a week of losses as investors gained N1.52 trillion in market value. Market capitalization rose 1% to N152.85 trillion from N151.33 trillion recorded at the close of last week's trading, and the All-Share Index advanced 0.96% to 238,203.11 points from 235,941.27 points.
The rally was driven by strong performances in major banking stocks: First HoldCo Plc and Guaranty Trust Holding Company Plc (GTCO) topped the gainers' chart with 10.00% appreciation each, while Zenith Bank Plc rose by 7.09%. On the losers' chart, Eterna Plc led with a 9.90% decline, followed by Deap Capital Management & Trust Plc (down 9.82%) and Austin Laz & Company Plc (down 9.74%).
Market activity improved significantly: total trading volume increased by 8.05% to 475.82 million shares (from 440.36 million), the value of transactions surged by 47.86% to N36.49 billion (from N24.68 billion), and the number of deals executed rose by 26.4% to 63,567 transactions (from 50,273). Fidelity Bank Plc emerged as the most actively traded stock by volume (48.75 million shares), while MTN Nigeria Communications Plc dominated the value chart (N16.64 billion).
This turnaround comes after a difficult week where investors lost N5.64 trillion amid sustained bearish trading. If you hold banking stocks like First HoldCo, GTCO, or Zenith Bank, your portfolio likely saw gains today. However, note the steep declines in Eterna, Deap Capital, and Austin Laz. The surge in trading activity indicates renewed investor confidence, but consider reviewing your investment strategy in light of this volatility—past gains don't guarantee future results.