…Market capitalization also advanced by 0.06% to N157.04 trillion
THUR JUNE 11 2026-theGBJournal| Nigeria’s stock market extended its upward trajectory on Wednesday, albeit at a slower pace, as gains in select consumer and industrial stocks helped the benchmark index close at another record high despite mixed investor sentiment and weaker trading activity.
The Nigerian Exchange (NGX) All-Share Index rose 0.06% to 244,852.21 points, pushing the market’s year-to-date return to 57.35%.
Market capitalization also advanced by 0.06% to N157.04 trillion, reflecting continued investor confidence in equities amid expectations of strong corporate earnings and portfolio repositioning.
Market performance was underpinned by notable gains in Livestock Feeds Plc, which surged 10%, alongside Learn Africa Plc, up 5.58%, and Abbey Mortgage Bank, which climbed 9.78%.
The advances outweighed losses in Neimeth International Pharmaceuticals, which fell 10%, Tantalizers Plc, down 2.34%, and FCMB Group, which shed 0.83%.
Despite the positive close, overall market participation weakened compared with the previous session.
Total trading volume declined 3.47% to 1.23 billion shares, while the value of transactions dropped sharply by 32.89% to N38.84 billion, indicating a more cautious trading environment following recent strong gains.
Sterling Financial Holdings Company led activity by volume, with investors exchanging 565.33 million shares during the session.
Aradel Holdings topped the value chart, accounting for transactions worth N6.82 billion, underscoring continued institutional interest in large-cap energy stocks.
Market breadth remained slightly negative at 0.89 times, with declining stocks marginally outnumbering gainers. Livestock Feeds emerged as the session’s best-performing stock, while Neimeth International Pharmaceuticals recorded the steepest decline among listed equities.
In the over-the-counter segment, the NASD market ended lower, reflecting softer sentiment among unlisted securities.
The NASD Security Index fell 0.12% to 4,330.12 points, while market capitalization declined by the same margin to N2.59 trillion. Nevertheless, the NASD market remains up 22.19% since the start of the year.
Trading activity on the NASD platform weakened significantly, with volume traded plunging 92.60% and transaction value dropping 80.48% from the previous session. Investors exchanged 117,374 shares worth N12.17 million across 43 deals.
On the performance table, NITROX Gas led gainers with an 8.07% advance, while 11 Plc recorded the largest decline, falling 10.05% to rank as the session’s worst-performing stock.
The mixed performance across Nigeria’s equity and OTC markets highlights a market that continues to attract investor interest despite signs of profit-taking and moderating trading activity following a prolonged rally that has made the NGX one of the world’s strongest-performing equity markets this year.
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