The Nigerian equities market commenced the week on a positive note on Monday, June 22, 2026, snapping a six-session losing streak as renewed buying interest in select large and mid-cap stocks outweighed profit-taking activities across the market.
The benchmark NGX All-Share Index (ASI) rose by 0.97% to close at 238,219.19 points, up from the 235,941.27 points recorded in the previous trading session.
As a result, investors gained N1.52 trillion in market value, while the market’s year-to-date (YTD) return improved to 53.08%.
The market’s recovery was largely driven by strong buying interest in fundamentally sound banking and blue-chip stocks, including FIRSTHOLDCO (+10.00%), GTCO (+10.00%), ZENITHBANK (+7.09%), MTNN (+3.75%), UBA (+1.39%), WAPCO (+0.29%), and 11 others.
Despite the positive close, market breadth remained negative, with 35 stocks declining versus 17 gainers.
This divergence reflects continued investor caution and suggests that profit-taking pressure persists in certain pockets of the market.
FIRSTHOLDCO topped the gainers’ chart, while ZICHIS led the decliners. Meanwhile, ETERNA traded below its 52-week low of N27.90, closing the session at N27.75.
Market activity increased during the session, as total traded volume advanced 11.06% to 489.05 million units, valued at N36.71 billion across 63,747 deals. FIDELITYBK recorded the highest volume with 48.75 million units traded, accounting for 9.97% of the day’s total volume, while MTNN recorded the highest value at N16.64 billion, which represented 45.32% of the total value traded for the day. UBA and ACCESSCORP accounted for 8.77% and 8.06% of the total volume, respectively, while ZENITHBANK and ARADEL followed MTNN in terms of traded value.