…The NASD Security Index (NSI) declined by 6.11% to 3,987.07 points
TUE JULY 07 2026-theGBJournal| The Nigerian equities market extended its rally on Tuesday, as the NGX All-Share Index (ASI) advanced by 1.24% to close at 237,083.28 points.
Consequently, market capitalisation increased by 1.24% to N152.14 trillion, while the year-to-date return improved to 52.35% from 50.49% in the previous trading session.
The positive market performance was primarily driven by gains in NAHCO (+9.99%), CADBURY (+10.00%), and IKEJAHOTEL (+9.90%), which more than offset losses in ETI (-9.98%), MECURE (-9.96%), and TRANSEXPR (-10.00%).
Trading activity weakened during the session, as total traded volume declined by 8.35% to 493.67 million units, while the value of transactions fell by 27.59% to N28.02 billion.
ZENITHBANK dominated market activity, recording the highest traded volume of 94.29 million units and the highest transaction value of N9.91 billion.
Market breadth remained firmly positive at 2.94x, indicating that advancing stocks significantly outnumbered decliners.
A total of 53 stocks closed higher, led by CADBURY (+10.00%), while 13 stocks ended lower, with TRANSEXPR (-10.00%) topping the losers’ chart.
The NASD OTC market closed today’s session on a bearish note, as the NASD Security Index (NSI) declined by 6.11% to 3,987.07 points.
Consequently, market capitalisation also fell by 6.11% to N2.39 trillion, while the year-to-date return moderated to 12.26%.
Market activity strengthened significantly during the session, with total trading volume rising by 183.58% and the value of transactions surging by 477.20%. A total of 323,780 shares worth N15.93 million were traded across 29 deals.
On the performance chart, SDNASDPLC emerged as the sole gainer, advancing by 2.35%, while SDFCWAMCO was the only decliner, shedding 8.90%.
At the currency market, the naira depreciated against the U.S. dollar, with the USD/NGN exchange rate advancing by 0.5% to close at N1,375.24/$.
Meanwhile, Nigeria’s external reserves extended their upward trajectory, rising by a further 0.1% to $51.57 billion as of 6 July 2026, reflecting continued reserve accumulation and strengthening the country’s external liquidity position.
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