The Nigerian stock kicked off the week on a positive note as renewed buying interest in Airtel Africa Plc, others pushed the market market capitalization above historic N160trillion mark.
Airtel Africa stock price increased by 8.59 per cent while the market capitalization value appreciated by N1.91 trillion or 1.2 per cent to close at N160.422 trillion compared with N158.513 trillion it opened for trading.
Airtel Africa’s single gain of 8.59 per cent, however, saw its market capitalization at N23.7 trillion as of August 10, 2026 closing of trading activities on NGX, becoming the most capitalized stock on NGX.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) appreciated by 2,956.15 basis points or 1.20 per cent to close at 248,529.75 basis points compared with 245,573.60 basis points recorded when the stock market closed for trading last week.
This pushes the NGX ASI in its year-to-date (YTD) return improved to 59.71per cent, from 57.81per cent in the previous week.
Investor sentiment was negative with 36 decliners and 23 advancers. Fortis Global Insurance rose by 10 per cent to close at N2.86, per share. Chams Holding Company was next with a gain of 9.80 per cent to close at N4.48, while NAHCO increased by 9.29 per cent to close at N153.00, per share.
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Airtel Africa appreciated by 8.59 percent to close at N6,300.00, while Sovereign Trust Insurance increased by 6.59 percent to close at N1.78, per share.
Meanwhile, AVA Capital led the losers’ chart by 10 per cent to close at N9.90, per share. Ecobank Transnational Incorporated (ETI) lost 9.92 per cent to close at N64.95, and Caverton Offshore Support Group declined 9.09 per cent to close at N5.00, per share.
Ikeja Hotel dropped 8.41 per cent to close at N43.00, while FTN Cocoa Processors slumped 8.37 per cent to close at N8.10, per share.
The total volume dipped by 25.11 per cent to 1.137 billion units, valued at N27.017 billion and exchanged in 59,185 deals. The activity chart was led by transactions in the shares of Consolidated Hallmark Holdings with 354.069 million shares worth N1.534 billion. Fortis Global Insurance came next with 307.343 million units valued at N818.333 million, while Access Holdings traded 48.075 million units worth N1.369 billion.
Chams Holding Company traded 37.371 million shares valued at N163.296 million, while First Holdco traded 35.755 million shares valued at N5.118 billion.
Looking ahead, the market is expected to maintain its bullish trend, as investor’s sentiment is increasingly turning positive, however, residual profit-taking activity may limit the pace of any recovery, Cowry Assets Management Limited said.
