The Nigerian Exchange (NGX) extended its recovery on June 8, 2026, with investors gaining N514.97 billion as renewed demand for large- and mid-cap stocks lifted the market for a second consecutive session.
Trading data showed the NGX All-Share Index rose by 0.33 percent to close at 243,396.25 points, while market capitalisation increased from N155.59 trillion to N156.11 trillion. The market’s year-to-date return also improved to 56.41 percent.
The gains followed weeks of profit-taking that had erased more than N4 trillion from market value after the exchange reached a record high in May. Investors returned to selected stocks viewed as fundamentally strong, helping to stabilise market performance.
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Buying interest was concentrated in several major counters, including Oando, First HoldCo, MTN Nigeria, Eterna, Aradel Holdings, Zenith Bank and GTCO. The renewed demand contributed to a broadly positive trading session across key sectors of the market.
Market activity strengthened significantly, with trading volume rising by 22.63 percent to 746.18 million shares. The value of transactions surged by 81.26 percent to N58.06 billion, while the number of deals increased by 36.22 percent to 75,217.
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Oil and Gas stocks led sectoral performance with a gain of 0.87 percent. The Insurance Index advanced by 0.62 percent, while the Banking Index rose by 0.59 percent. Commodity and Consumer Goods indices also recorded gains, while the Industrial Goods Index closed slightly lower.
International Energy Insurance topped the gainers’ chart after rising 9.92 percent to N7.98 per share. Other notable gainers included The Initiates Plc, ABC Transport, Abbey Mortgage Bank and UPDC REIT. On the losers’ chart, Fidson Healthcare recorded the steepest decline, followed by Academy Press, R.T. Briscoe, Sunu Assurances and Learn Africa.
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Market breadth closed positive with 32 gainers against 30 losers, reflecting improving investor sentiment. International Energy Insurance and Consolidated Hallmark Holdings also traded above their respective 52-week highs during the session.
FCMB Group emerged as the most actively traded stock by volume, accounting for more than 157 million shares. Dangote Cement led by value, with transactions worth N29.77 billion, highlighting continued institutional participation in the market. Analysts said bargain hunting in fundamentally strong stocks is likely to continue as investors reposition portfolios amid expectations of improved opportunities in the coming weeks.
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