The Nigerian equities market sustained its recovery for a second consecutive session on Tuesday, June 23, 2026, gaining N1.64 trillion in market capitalisation as renewed buying interest in blue-chip stocks and insurance counters lifted the benchmark index.
Trading data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) advanced by 1.06% to close at 240,743.19 points, up from 238,219.19 points recorded in the previous session, while market capitalisation increased to N154.48 trillion.
The latest rally followed Monday’s N1.52 trillion gain, suggesting a gradual return of bargain hunters after the recent market correction that wiped off more than N16 trillion from market value following the May all-time high.
Buying interest in bellwethers including Airtel Africa, GTCO, Access Holdings, First HoldCo, Lafarge Africa and Zenith Bank, alongside gains in 26 other stocks, drove the market higher.
The positive close lifted the market’s year-to-date return to 54.71% from 53.08% at the previous session.
What the data is saying:
Renewed demand for fundamentally strong stocks across the banking, insurance and industrial sectors underpinned Tuesday’s rally.
Highlights of trading include:
- All-Share Index: 240,743.19 points, up 1.06%
- Market Capitalisation: N154.48 trillion, up approximately N1.64 trillion
- Volume Traded: 564.91 million shares, up 15.50%
- Value Traded: N39.35 billion, up 7.09%
- Deals: 49,230 transactions, down 22.88%
- Year-to-Date Return: 54.71%
- Market Breadth: 32 gainers versus 23 losers (1.39x)
Top 5 Gainers:
- Guinea Insurance (GUINEAINS) — up 10.00% to N1.10
- Airtel Africa (AIRTELAFRI) — up 10.00% to N4,358.80
- International Energy Insurance (INTENEGINS) — up 9.89% to N6.11
- Tripple Gee & Company (TRIPPLEG) — up 9.82% to N3.69
- Cornerstone Insurance (CORNERST) — up…
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Read Full Article by Kelechi Mgboji at nairametrics.com
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